Nordea

Goldman Sachs raises the target price for Nordea from €18 to €18.25 and keeps the rating at 'Neutral'. Analyst Sofie Peterzens expects some positive factors in the third quarter versus the prior quarter, but still sees margin pressure from competition and rising costs due to higher short-term interest rates. She slightly cuts the earnings forecast for 2026 and raises estimates for the subsequent years by up to 3 percent. » More on finanzen.net

If €1,000 had been invested in Nordea Bank Abp Registered ten years ago (purchase price €8.30), the portfolio would today hold 120.482 shares and be worth €2,081.33 (closing price €17.28), corresponding to a performance of +108.13%. Market capitalization was most recently stated as €58.64 billion. Calculation does not take into account stock splits or dividends. » More on finanzen.net

Nordea generated an operating profit of around €1.6 billion in the second quarter and increased revenues by about 4% to roughly €3 billion, supported by higher fee income from asset management. The slightly lower net interest income was offset by this, but higher costs and risk provisions ate into part of the gain. Group CEO Frank Vang-Jensen confirmed the annual targets; the stock remained on a sideways course, and analysts criticized the lack of details on the ongoing share buyback program. » More on finanzen.net