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
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

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
    }
    ... 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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Kasper Mellas

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.

Nordea järjesti tänään analyytikkotapaamisen CFO Ian Smithin kanssa, ja nostamasi aihe nousi esiin. Ianin mukaan Nordealla ei ole olennaista suoraa altististusta Private Credit -sektoriin. Markkina on kaikkiaan varsin kehittymätön Pohjoismaissa, mikä osaltaan selittää tätä.

Yes, the calculation can be found in the online bank, though it is quite hard to find; I have to remind myself every year. I think I Googled the info back in the day. I agree that the current level of service for investors through the online bank is light years behind other service providers.

Verneri has been talking about the cockroaches of private credit and potential bank exposure to failed loans. Deutsche has about 27 billion in private credit funds, what is Nordea’s situation?

Nordea still has a staggering number of people doing all sorts of ”paper-pushing.” By streamlining operations and cutting costs, you can still squeeze a good result out of this machine.  From an individual’s perspective, it’s a bit unfortunate, but as an investment, there is significant upside.

On the way towards €2 EPS? ”However, the measures presented today show that business at Nordea is truly renewing itself and things are progressing as planned. The bank has had a plan for how it wants to change its business – it has made the necessary investments – and now the change begins.”                   Tärkeimmät talousuutiset | Kauppalehti – 17 Mar 26              Nordean kovat puheet muuttuvat nyt teoiksi    Osa sijoittajista on suhtautunut skeptisesti Nordean isoihin puheisiin sekä investointeihin, joiden hyöty ei ole ollut helposti hahmotettavissa, mutta nyt muutos näyttää alkane, kirjoittaa Kauppalehden finanssialaa seuraava toimittaja Hellevi Mauno.                             And DI gives the command today: Buy            Dagens industri – 17 Mar 26              På rätt väg – köprådet står fast    Att Nordea minskar personalstyrkan är ett led i affärsplanen för åren fram till 2030. Vi har sedan tidigare en köprekommendation för Nordea. Dagens besked…

The weakness of Nordea’s investment features is evident in their annual reporting. Specifically, a report of capital gains/losses is needed for taxation. At least Nordnet identifies the report as the 9A form, which is easily found within their service. At Nordea, however, this specific form only arrives by mail during February. When asking investment customer service over the phone, they didn’t even understand which document I was talking about at first? After pressuring customer service further, it turned out that they cannot send the document in any way, even for a fee, but some external party??? mails these automatically! In other words, if that letter gets lost in the mail, I’ll have quite a mountain of work and calculations ahead of me for the tax return. Because of this specific letter, my company’s financial statements are delayed by 1–2 months every year.

Yes, but using Nordea’s app and online bank for investing is not up to date at all. I have investments in both Nordea and Nordnet, and tracking prices, portfolio performance, or even making a purchase isn’t very intuitive or encouraging for investing. Personally, all my investment-related tracking happens through Nordnet, and only the pressing of the buy button happens at Nordea. Once they bring this up to the same level as Nordnet, the investment rate of the average citizen will rise across the Nordics. It’s worth noting that the barrier to investing in one’s own online bank is much lower than transferring funds to a different provider like Nordnet. For us forum readers, this is of course completely normal, but what about the “average Joe” who heard from a colleague that investing is worthwhile. Most of the time, he doesn’t even know if Nordnet, for example, is a reliable operator or some sketchy scam site. He trusts his own bank, of course. In a way, even though I hold Nordea in very high regard as a company, not everything they do is very fresh or polished. I hope the people at Nordea also read this thread!

Nordea Bank

Nordea reported a much stronger than expected Q1 result. The earnings beat was largely due to non-recurring items such as lower resolution fees, changes in fair value and exchange rate effects on net interest income. Therefore, the impact on our earnings forecasts for the coming years remains moderate.

<p>Nordea reported a much stronger than expected Q1 result. The earnings beat was largely due to non-recurring items such as lower resolution fees, changes in fair value and exchange rate effects on net interest income. Therefore, the impact on our earnings forecasts for the coming years remains moderate.</p>

	2023	24e	25e
Operating income	11,743.0	12,190.2	12,006.0
growth-%	20.8 %	3.8 %	-1.5 %
EBIT (adj.)	6,515.0	6,669.0	6,322.9
EBIT-% (adj.)	55.5 %	54.7 %	52.7 %
EPS (adj.)	1.44	1.47	1.41
Dividend	0.92	0.95	0.92
Dividend %	8.2 %	5.9 %	5.7 %
P/E (adj.)	7.8	10.9	11.3
EV/EBITDA	7.0	8.9	8.9

Nordea: Business is creditable

Key Estimate Figures2024-04-18

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