Nordea Bank AB (OTCMKTS:NRDBY – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as $20.89 and last traded at $20.23, with a volume of 724 shares. The stock had previously closed at $20.04.
Analyst Ratings Changes
NRDBY has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Finally, Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research note on Friday, July 17th. One research 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. According to MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Nordea Bank
Nordea Bank Price Performance
Nordea Bank (OTCMKTS:NRDBY – Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. As a group, equities analysts predict that Nordea Bank AB will post 1.65 earnings per share for the current fiscal year.
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.
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