Nordea Bank (OTCMKTS:NRDBY) Posts Quarterly Earnings Results, Hits Expectations

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40, Zacks reports. Nordea Bank had a net margin of 22.74% and a return on equity of 15.06%. The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.37 billion.

Nordea Bank Stock Down 0.6%

Nordea Bank stock traded down $0.11 during midday trading on Friday, hitting $17.49. 451,955 shares of the stock were exchanged, compared to its average volume of 249,768. Nordea Bank has a 1 year low of $16.35 and a 1 year high of $21.39. The firm has a market cap of $59.51 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.32 and a beta of 0.69. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50 day moving average price of $19.98 and a two-hundred day moving average price of $19.26.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NRDBY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Nordea Bank Company Profile

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.