Nordea

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. » Plus sur 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. » Plus sur finanzen.net

Nordea shares showed only short-lived weakness after the Q2 results and were recently slightly up, without reaching new record highs. Barclays judged the results uncritically but found no material news and criticised the lack of details on the ongoing share buyback programme. Analysts currently see more attractive opportunities among European banks. » Plus sur finanzen.net