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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%.

Nordea Bank Price Performance

Shares of OTCMKTS:NRDBY opened at $19.36 on Thursday. The company’s 50-day moving average is $18.84 and its 200 day moving average is $18.87. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $65.88 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. Nordea Bank has a fifty-two week low of $13.91 and a fifty-two week high of $20.61.

Analyst Ratings Changes

A number of research analysts recently weighed in on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock 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.