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Research

Nordea: Business is creditable

By Kasper MellasAnalyst
Nordea Bank
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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.

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.

Read more on company page

Key Estimate Figures2024-04-18

202324e25e
Operating income11,743.012,190.212,006.0
growth-%20.8 %3.8 %-1.5 %
EBIT (adj.)6,515.06,669.06,322.9
EBIT-% (adj.)55.5 %54.7 %52.7 %
EPS (adj.)1.441.471.41
Dividend0.920.950.92
Dividend %8.2 %6.2 %6.0 %
P/E (adj.)7.810.510.9
EV/EBITDA7.08.58.6

Forum discussions

" The most satisfied private banking customers are at Nordea. Satisfaction with Nordea is indicated by an index figure of 80.0. Nordea ranked...
4 hours ago
by PörssiPatruuna
14
Announcement in Kauppalehti today at 8:10 AM SEB raises Nordea’s target price to EUR 17.56 from EUR 16.87, reiterates buy recommendation.
6 hours ago
by Index
28
A small boost for the mortgage market from April onwards: Hallitus esittää jopa 35 vuoden maksuaikaa asuntolainoille | Uutisia lyhyesti | Yle...
12/11/2025, 2:00 PM
by Koala
27
Goldman Sachs Downgrades Nordea to Neutral, Sets Price Target at 15.50 Euros - BN | MarketScreener Could this be why the share price took such...
12/4/2025, 9:24 AM
by Jukka
22
Personally, I would like to set a limit for my own banking transactions, for example, €10,000, which would require an x-day advance notice period...
12/2/2025, 11:17 AM
by Warren Fyffet
62
Hopefully, a setting can be added to customer information that disables this functionality, i.e., the user takes responsibility for their own...
11/28/2025, 3:05 PM
14
A good change from the customer’s perspective, but I fear this will cause extra bureaucracy for even slightly larger/unusual money transfers...
11/28/2025, 2:50 PM
by Jarnis
16
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