Nordea Bank (OTCMKTS:NRDBY) Releases Quarterly Earnings Results

Key Points

• Nordea Bank reported earnings of $0.42 per share, with a return on equity of 15.50% and a net margin of 20.63% for the quarter.
• The company's stock was up 0.7% to $16.48, reflecting a market cap of $56.87 billion and a PE ratio of 10.99.
• Analysts have mixed views on the stock, with two rating it as a Buy, one as a Hold, and two as a Sell, resulting in a consensus rating of "Hold".

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.42 earnings per share for the quarter, Zacks reports. Nordea Bank had a return on equity of 15.50% and a net margin of 20.63%.

Nordea Bank Stock Up 0.7%

Shares of OTCMKTS NRDBY opened at $16.48 on Thursday. The stock has a market cap of $56.87 billion, a PE ratio of 10.99, a PEG ratio of 3.82 and a beta of 0.66. The business has a fifty day moving average of $15.99 and a two-hundred day moving average of $14.72. Nordea Bank has a 52-week low of $10.30 and a 52-week high of $16.86. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NRDBY shares. Morgan Stanley reissued an "overweight" rating on shares of Nordea Bank in a research report on Tuesday, September 2nd. Kepler Capital Markets raised Nordea Bank from a "strong sell" rating to a "hold" rating in a research report on Monday, July 7th. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research report on Thursday, October 9th. Finally, Barclays cut Nordea Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Nordea Bank Company Profile

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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