Nordea Bank (NRDBY) Expected to Announce Quarterly Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is expected to be posting its results before the market opens on Thursday, January 29th. Analysts expect Nordea Bank to post earnings of $0.37 per share and revenue of $3.4212 billion for the quarter.

Nordea Bank Stock Performance

Shares of OTCMKTS:NRDBY opened at $20.06 on Tuesday. Nordea Bank has a 12-month low of $11.07 and a 12-month high of $20.12. The company’s 50 day moving average price is $18.57 and its two-hundred day moving average price is $16.90. The firm has a market cap of $68.88 billion, a PE ratio of 13.20, a PEG ratio of 4.03 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.32.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded Nordea Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Nordea Equity Research downgraded Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Finally, Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Nordea Bank presently has an average rating of “Hold”.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.