contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


correction-change-of-base-rate-margin-for-some-exchange-traded-products

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Nordea is a banking company. The company offers a range of financial services, aimed at both private and corporate customers, including traditional asset management, loan financing and pension savings. In addition, it also offers advice and security insurance, as well as currency management. Nordea has the largest operations in the Nordic and Baltic countries. The company was founded in 1997 and its headquarters are located in Helsinki.

The trial in Denmark has reached the stage where the prosecutor has revealed their demands. The prosecutor is seeking a fine of 6.6 billion kroner for Nordea, which translates to 880 million euros. https://www.marketscreener.com/news/prosecutors-seek-6-6-billion-dkk-fine-against-nordea-ce7f5ddedb8af426

OP has raised its target price for Nordea to 18 euros from 17 euros, reiterating its “accumulate” (lisää) recommendation (Kauppalehti reported this in a flash news update at 10:15).

Nordea joins an alliance for a blockchain-based currency: “a solid foundation for future services related to digital assets”. Not a small step…                   Nordea              Nordea liittyy merkittävään eurooppalaiseen vakaavaluuttakonsortioon    Nordea liittyy eurooppalaisten pankkien muodostamaan Qivalis-konsortioon, joka aikoo perustaa säännellyn euromääräisen vakaavaluutan (stablecoin). Lohkoketjuteknologiaan perustuvasta vakaavaluutasta on tarkoitus luoda luotettava eurooppalainen...

In Kauppalehti today: Deutsche Bank raises Nordea’s target price to 19.0 euros (previously 18.0 euros), reiterates buy rating

As the title suggests, Nordea is the banking leader in the Nordics. Multiple business areas provide nice diversification, and geographically, they are a major player across the Nordic countries. Their scale ensures that IT, compliance, marketing, etc., are a relatively smaller cost for Nordea compared to competitors, so Nordea’s position is quite strong  .  Given these starting points, it’s neither a surprise nor a problem if the largest player in a conservative industry generates a solid return on equity (cf. for example Inderes’ 2026 forecast ROE = 14.4%). In the context of insurance companies, like Sampo, there has been talk of “serene competition” or “rational competition,” where there are no literal cartels, but companies don’t compete on price and industry players essentially print money  .  I have long wondered how competition on the banking side can remain rationally serene year after year. If Nordea’s return on equity as a large and strong player is good, then it’s probably “normal” and competition is functioning normally?  However, looking at banking companies, you quickly notice that Aktia, as a small player, generates ~13% ROE, SEB ~12%, Handelsbanken ~14%, Santander +15%, etc. The ROE of ALL industry players is >> WACC, and yet competition doesn’t intensify  .  Banks’ loan portfolios and revenues grow slowly, roughly at the rate of GDP; everyone’s capital yields excellently, everyone wants to grow, all operators are scalable, everyone would have an incentive to creep into competitors’ backyards, and yet we see no kind of competition—for example, loss-leader interest rate offers, etc.? Mastercard and Visa are likely more partners to the banks than direct competitors, but in a digital world, various digital wallets and payment systems from Apple and Google—from Apple Pay to MobilePay—would surely love to suck consumers’ money from Finns directly to Silicon Valley, rather than to Nordea’s shareholders after Nordea’s expenses.                   Tärkeimmät talousuutiset | Kauppalehti – 12 May 26              Ärhäkkä digipankki haluaa olla isompi kuin Nordea tai OP – Uusi pomo kertoo,...    Brittilähtöinen Revolut on kasvanut hurjaa vauhtia ja on Euroopan suurin startup-yhtiö. Yhtiön uusi maajohtaja kertoo, mitä yhtiö haluaa saada aikaan juuri Suomessa.                             The link above contains an article about Revolut behind a paywall.  Aggressive visibility campaigns, rapid expansion.  Cheap currency exchange, payment cards, cryptos, etc.  So far, no loans in Finland, but Finnish account numbers are in the works and they will soon have 250,000 Finnish users.  The services have primarily interested young people, and naturally, older people currently have more wealth in places like Nordea. This won’t eat into Nordea’s margins quickly either, but in any industry, tightening competition makes it harder to maintain high margins.

This is also completely true. What makes these cases tricky is the legislation to be applied. The starting point in all legal judgments is that the legislation in force at the time of the event is used—in these cases, 2012-2015 and 2019—at which time the legislation was certainly very different from now, as were the administrative fines/supervisory fees, or whatever one wishes to call them. If I remember correctly, in that older case, the legislation in force did not utilize administrative fines linked to the size or volume of the business. Laws were reformed, partly due to the major Danske Bank scandal in the late 2010s, at which point those administrative fines enabling scales based on volume and company size were introduced. If we wait quietly, we might catch some fish.

@Sampo1 @Keketin I suppose these days they want to apply the group’s turnover rather than the turnover of an individual outfit. Otherwise, banks could totally isolate their fine risk by bundling shady operations into their own subsidiary. As I understand it, however, that turnover is only used for additional surcharges on the fine. The fine amount under the new Anti-Money Laundering Act is primarily proportional to the volume of questionable transactions. The old one was more obscure. In addition, it is interpreted whether economic benefit was gained by neglecting processes, etc. Also, since there is likely a dispute over legal interpretation involved, it’s quite certain that the whole thing will drag on for years. Even if the first decision comes this year, the losing party will most likely appeal.

Nordea Bank

Due to poor liquidity in the lending market and increased lending cost in the underlying asset Sivers Semiconductors AB, Nordea will increase the Base Rate Margin of all Bear Certificates and...

<p>Due to poor liquidity in the lending market and increased lending cost in the underlying asset Sivers Semiconductors AB, Nordea will increase the Base Rate Margin of all Bear Certificates and Mini Future Shorts. The Base Rate Margin of Bear Certificates with Leverage Factor -1 will increase to 76,5%, Bear Certificates with Leverage Factor -2 will increase to 152,5% and Bear Certificates with Leverage Factor -3 will increase to 228,5%. The change will be in effect from June 3, 2026. All affected instruments can be found in below list:<br><br></p> <table><tbody><tr><td>ISIN</td><td>Instrument</td></tr><tr><td>SE0028797720</td><td>BEAR SIVERS X1 NDA S2</td></tr><tr><td>SE0028789065</td><td>BEAR SIVERS X1 NDA S1</td></tr><tr><td>SE0026588634</td><td>BEAR SIVERS X1 NDA S</td></tr><tr><td>SE0028797738</td><td>BEAR SIVERS X2 NDA S7</td></tr><tr><td>SE0028399246</td><td>BEAR SIVERS X2 NDA S3</td></tr><tr><td>SE0028797746</td><td>BEAR SIVERS X3 NDA S8</td></tr><tr><td>SE0028788570</td><td>BEAR SIVERS X3 NDA S6</td></tr></tbody></table> <p><br></p>  <p>The affected instruments have been issued under Nordea’s base prospectuses dated December 13, 2024; and December 12, 2025.</p> <p>    <strong>Attachment</strong></p><ul>            <li>        <a href="https://ml-eu.globenewswire.com/Resource/Download/a00ccaff-f21b-48f1-b365-6fc87b89ad9f">Notice - Increaase in Base Rate Margin</a>      </li>      </ul><img alt="" src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE4NTczNCM0MDI0MDMyNTMjMjAyOTM3OQ=="> <br><img alt="" src="https://ml-eu.globenewswire.com/media/MWZlODgzY2ItOWFhZC00NDM3LWI1MzYtZDdhMTI3MDhkYTU3LTEwNDA5NTAtMjAyNi0wNi0wMy1lbg==/tiny/Nordea-Bank-Abp-.png">

Correction: Change of base rate margin for some exchange traded products

Correction: Change of base rate margin for some exchange traded products

ISIN	Instrument
SE0028797720	BEAR SIVERS X1 NDA S2
SE0028789065	BEAR SIVERS X1 NDA S1
SE0026588634	BEAR SIVERS X1 NDA S
SE0028797738	BEAR SIVERS X2 NDA S7
SE0028399246	BEAR SIVERS X2 NDA S3
SE0028797746	BEAR SIVERS X3 NDA S8
SE0028788570	BEAR SIVERS X3 NDA S6