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

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings results on Thursday. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40, Zacks reports. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.

Nordea Bank Price Performance

OTCMKTS NRDBY opened at $17.60 on Friday. The company has a 50 day simple moving average of $20.04 and a 200-day simple moving average of $19.27. Nordea Bank has a 52-week low of $16.35 and a 52-week high of $21.39. The firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.69. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18.

Analyst Ratings Changes

A number of research firms have recently commented on NRDBY. The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Nordea Bank Company Profile

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.