Nordea Bank (NRDBY) Expected to Announce Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is expected to release 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 Stock Performance

OTCMKTS NRDBY opened at $20.61 on Wednesday. The stock has a fifty day simple moving average of $18.64 and a 200 day simple moving average of $16.94. Nordea Bank has a twelve month low of $11.07 and a twelve month high of $20.61. The company has a market capitalization of $70.77 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.10 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. The Goldman Sachs Group cut shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Barclays reiterated an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. Finally, Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Nordea Bank 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.