Nordea Bank (OTCMKTS:NRDBY) Announces Earnings Results

Nordea Bank (OTCMKTS:NRDBY) posted its earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. Nordea Bank had a return on equity of 15.24% and a net margin of 22.65%.

Nordea Bank Price Performance

Shares of OTCMKTS:NRDBY opened at $19.36 on Thursday. The business’s fifty day moving average price is $18.84 and its two-hundred day moving average price is $18.87. The stock has a market cap of $65.88 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. Nordea Bank has a one year low of $13.91 and a one year high of $20.61.

Analyst Upgrades and Downgrades

NRDBY has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Tuesday, May 12th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nordea Bank currently has an average 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.