Nordea Bank (OTCMKTS:NRDBY – Get Free Report) released its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%.
Nordea Bank Trading Up 0.6%
Shares of NRDBY opened at $19.36 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.78. The firm’s 50-day moving average is $18.84 and its two-hundred day moving average is $18.87. Nordea Bank has a twelve month low of $13.91 and a twelve month high of $20.61. The firm has a market capitalization of $65.88 billion, a P/E ratio of 12.18, a PEG ratio of 1.93 and a beta of 0.63.
Wall Street Analysts Forecast Growth
NRDBY has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, 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.
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