Nordea Bank (NRDBY) to Release Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is projected to post its results before the market opens on Thursday, January 29th. Analysts expect Nordea Bank to post earnings of $0.37 per share and revenue of $3.4212 billion for the quarter.

Nordea Bank Trading Up 1.5%

OTCMKTS:NRDBY opened at $19.53 on Thursday. The company has a market capitalization of $67.06 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.94 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.32. Nordea Bank has a 52-week low of $11.07 and a 52-week high of $19.73. The stock has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $16.79.

Wall Street Analyst Weigh In

NRDBY has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Barclays reiterated an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Finally, Nordea Equity Research downgraded Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Nordea Bank

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.