Nordea Bank (OTCMKTS:NRDBY) Announces Earnings Results, Meets Expectations

Nordea Bank (OTCMKTS:NRDBY) issued its quarterly earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40, Zacks reports. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%.

Nordea Bank Price Performance

OTCMKTS:NRDBY opened at $19.00 on Thursday. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50 day moving average price of $20.09 and a 200-day moving average price of $19.27. Nordea Bank has a 1-year low of $16.33 and a 1-year high of $21.39. The firm has a market cap of $64.65 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.69.

Wall Street Analyst Weigh In

Several analysts have commented on NRDBY shares. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Nordea Bank

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.