Nordea Bank AB (OTCMKTS:NRDBY – Get Free Report) saw strong trading volume on Monday . Approximately 2,755,613 shares were traded during mid-day trading, an increase of 408% from the previous session’s volume of 542,206 shares.The stock last traded at $19.22 and had previously closed at $18.92.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on NRDBY
Nordea Bank Stock Performance
Nordea Bank (OTCMKTS:NRDBY – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%. Equities research analysts anticipate that Nordea Bank AB will post 1.65 EPS for the current year.
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.
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