Nordea Bank (OTCMKTS:NRDBY - Get Free Report) announced its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, Zacks reports. Nordea Bank had a return on equity of 15.60% and a net margin of 20.63%. The firm had revenue of $3.30 billion during the quarter.
Nordea Bank Stock Up 0.1%
Shares of Nordea Bank stock traded up $0.01 during trading hours on Friday, reaching $14.14. The company's stock had a trading volume of 149,058 shares, compared to its average volume of 195,438. The company has a debt-to-equity ratio of 6.80, a quick ratio of 1.24 and a current ratio of 1.24. The stock's fifty day simple moving average is $14.57 and its two-hundred day simple moving average is $13.40. Nordea Bank has a one year low of $10.30 and a one year high of $15.28. The company has a market capitalization of $49.06 billion, a P/E ratio of 9.43, a P/E/G ratio of 5.41 and a beta of 0.69.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on NRDBY. Nordea Equity Research lowered Nordea Bank from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Kepler Capital Markets upgraded shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. Citigroup reissued a "buy" rating on shares of Nordea Bank in a report on Wednesday, May 21st. Finally, Barclays cut shares of Nordea Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".
View Our Latest Analysis on Nordea Bank
About Nordea Bank
(
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Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.
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