Nordea Bank (OTCMKTS:NRDBY) Releases Quarterly Earnings Results

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings results on Thursday. The company reported $0.40 EPS for the quarter, Zacks reports. Nordea Bank had a net margin of 20.13% and a return on equity of 15.76%. The business had revenue of $3.30 billion for the quarter.

Nordea Bank Trading Down 3.6%

Shares of NRDBY stock opened at $14.13 on Friday. The firm has a market capitalization of $49.03 billion, a P/E ratio of 9.42, a P/E/G ratio of 5.60 and a beta of 0.69. Nordea Bank has a twelve month low of $10.30 and a twelve month high of $15.28. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 6.80. The stock’s fifty day simple moving average is $14.56 and its 200 day simple moving average is $13.35.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NRDBY. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 21st. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Barclays cut shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 2nd. Finally, Kepler Capital Markets raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nordea Bank currently has a consensus rating of “Moderate Buy”.

About Nordea Bank

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.