Nordea Bank (OTCMKTS:NRDBY) Announces Earnings Results

Nordea Bank (OTCMKTS:NRDBY) issued its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.

Nordea Bank Stock Up 0.2%

Shares of NRDBY opened at $19.36 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.78. Nordea Bank has a 52 week low of $14.14 and a 52 week high of $20.61. The stock’s 50-day moving average price is $18.87 and its 200-day moving average price is $18.88. The company has a market capitalization of $65.88 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.93 and a beta of 0.63.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NRDBY. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. 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.