Nordea Bank (OTCMKTS:NRDBY) Announces Earnings Results

Nordea Bank (OTCMKTS:NRDBY) issued its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02, Zacks reports. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%.

Nordea Bank Stock Performance

OTCMKTS:NRDBY opened at $19.36 on Friday. Nordea Bank has a 1-year low of $14.14 and a 1-year high of $20.61. The stock has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $18.88. The stock has a market cap of $65.88 billion, a P/E ratio of 12.02, a PEG ratio of 1.93 and a beta of 0.63. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.78.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Nordea Bank Company Profile

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.