Nordea Bank (OTCMKTS:NRDBY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03, Zacks reports. Nordea Bank had a net margin of 22.36% and a return on equity of 15.89%. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.42 billion.

Nordea Bank Trading Down 0.7%

NRDBY opened at $19.33 on Friday. Nordea Bank has a 12 month low of $11.07 and a 12 month high of $20.61. The stock has a market capitalization of $66.38 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 3.48 and a beta of 0.63. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $18.81 and a 200 day moving average price of $17.01.

Wall Street Analysts Forecast Growth

Several analysts have commented on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. The Goldman Sachs Group lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Zacks Research lowered Nordea Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Nordea Bank Company Profile

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.