Nordea Bank
10.66 EUR +0.38%Nordea conducts banking operations. The bank offers a wide range of financial services, aimed at both private and corporate customers, including traditional asset management, loan financing, and pension savings. In addition, advice and security insurance are also offered, as well as currency management. Nordea conducts most of its business in the Nordic and Baltic countries. The company was founded in 1997 and the head office is located in Helsinki.
Latest research
Extensive report
Analyst
![Kasper Mellas Kasper Mellas](https://www.inderes.se/cdn-cgi/image/format=auto,width=128,height=128,quality=90,fit=cover/https://core.inderes.fi/sites/default/files/2023-08/Kasper_Mellas.jpg)
Latest videos
Financial calendar
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
BlackRock | 5.2 % | 5.2 % |
Nordea Fonden | 4.4 % | 4.4 % |
Premium
This content is for our Premium customers only.
Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Operating income | 8,466.0 | 9,620.0 | 9,721.0 | 11,743.0 | 12,144.8 | 12,143.8 | 12,199.2 | 12,362.6 |
growth-% | -1.8 % | 13.6 % | 1.0 % | 20.8 % | 3.4 % | -0.0 % | 0.5 % | 1.3 % |
Operating expenses | -4,643.0 | -4,649.0 | -4,834.0 | -5,238.0 | -5,169.9 | -5,392.1 | -5,581.9 | -5,774.0 |
Credit loss | -860.0 | -35.0 | -125.0 | -167.0 | -326.4 | -389.3 | -399.9 | -409.9 |
EBIT (adj.) | 2,963.0 | 4,936.0 | 5,299.0 | 6,515.0 | 6,648.5 | 6,362.4 | 6,217.4 | 6,178.7 |
EBIT | 2,963.0 | 4,936.0 | 4,762.0 | 6,338.0 | 6,648.5 | 6,362.4 | 6,217.4 | 6,178.7 |
Net income | 2,265.0 | 3,831.0 | 3,587.0 | 4,934.0 | 5,129.2 | 4,899.1 | 4,787.4 | 4,757.6 |
EPS (adj.) | 0.55 | 0.95 | 1.11 | 1.44 | 1.46 | 1.42 | 1.40 | 1.39 |
growth-% | -10.2 % | 73.1 % | 16.4 % | 29.9 % | 1.6 % | -3.2 % | -0.9 % | -0.6 % |
Dividend | 0.39 | 0.69 | 0.80 | 0.92 | 0.95 | 0.92 | 0.91 | 0.91 |
Dividend ratio | 69.7 % | 71.4 % | 81.5 % | 65.8 % | 65.0 % | 64.1 % | 65.0 % | 65.0 % |
Login required
This content is only available for logged in users
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Cost to income-% | 54.8 % | 48.3 % | 49.7 % | 44.6 % | 42.6 % | 44.4 % | 45.8 % | 46.7 % |
ROA | 0.4 % | 0.7 % | 0.6 % | 0.8 % | 0.9 % | 0.8 % | 0.8 % | 0.8 % |
ROE | 7.1 % | 11.7 % | 11.4 % | 16.3 % | 16.4 % | 15.1 % | 14.3 % | 13.5 % |
ROE tangible | 7.8 % | 12.8 % | 12.7 % | 18.2 % | 18.2 % | 16.8 % | 15.9 % | 15.0 % |
Dividend yield | 5.9 % | 6.4 % | 8.0 % | 8.2 % | 8.9 % | 8.6 % | 8.6 % | 8.5 % |
Login required
This content is only available for logged in users
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 6.67 | 10.79 | 10.03 | 11.23 | 10.66 | 10.66 | 10.66 | 10.66 |
Shares | 4,050.0 | 3,966.0 | 3,654.0 | 3,528.0 | 3,506.0 | 3,411.0 | 3,411.0 | 3,411.0 |
Market cap | 27,021.6 | 42,777.3 | 36,649.6 | 39,605.3 | 37,374.0 | 36,361.3 | 36,361.3 | 36,361.3 |
Enterprise value | 33,451.6 | 49,641.3 | 42,873.6 | 44,424.5 | 40,470.0 | 38,030.5 | 36,503.8 | 34,964.0 |
P/E (adj.) | 12.1 | 11.3 | 9.0 | 7.8 | 7.3 | 7.5 | 7.6 | 7.6 |
P/B | 0.8 | 1.3 | 1.2 | 1.3 | 1.2 | 1.1 | 1.1 | 1.0 |
P/B tangible | 0.90 | 1.44 | 1.37 | 1.45 | 1.29 | 1.24 | 1.18 | 1.12 |
Dividend yield | 5.9 % | 6.4 % | 8.0 % | 8.2 % | 8.9 % | 8.6 % | 8.6 % | 8.5 % |
Common equity-% (CET1) | 17.1 % | 17.0 % | 16.4 % | 17.0 % | 17.7 % | 15.8 % | 16.5 % | 17.2 % |
Equity ratio | 6.1 % | 5.9 % | 5.2 % | 5.3 % | 5.6 % | 5.5 % | 5.6 % | 5.7 % |
Login required
This content is only available for logged in users
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Operating income | 2,921.0 | 2,955.0 | 2,952.0 | 2,915.0 | 11,743.0 | 3,085.0 | 3,030.0 | 3,021.8 | 3,008.0 |
EBIT | 1,480.0 | 1,718.0 | 1,725.0 | 1,415.0 | 6,338.0 | 1,763.0 | 1,684.0 | 1,641.9 | 1,559.6 |
Net income | 1,148.0 | 1,335.0 | 1,345.0 | 1,106.0 | 4,934.0 | 1,361.0 | 1,303.0 | 1,264.2 | 1,200.9 |
EPS (adj.) | 0.32 | 0.37 | 0.38 | 0.37 | 1.44 | 0.39 | 0.37 | 0.36 | 0.34 |
Login required
This content is only available for logged in users
Nordea Q2'24: Sustained strong performance
![Nordea Q2’24: Loan Book in Desired Shape](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/955a101c-5af0-42c6-8e58-c681b24e94d9.png)
Nordea Q2’24: Loan Book in Desired Shape
Join Inderes community
Don't miss out - create an account and get all the possible benefits
FREE account
PREMIUM account
![Nordea, Webcast with teleconference, Q2'24](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/f5c75955-4ba4-498f-8da1-3411c8a5456e.png)
Nordea, Webcast with teleconference, Q2'24
Nordea: Half-year results 2024
Inside information: Court proceedings against Nordea to commence in Denmark in old anti-money laundering matter. Nordea considers current provisioning adequate
Nordea to present its half-year results 2024 on 15 July
Nordea Bank Abp is amending the Base Rate for certain Mini-Futures and Unlimited Turbos
Nordea Bank Abp is planning to make fee adjustments in order to address its increased costs of hedging
Replacement of OBX Index and OBX Index Future
Corrected Base Rate in certain BULL and BEAR certificates
Changes in Nordea's own shares
Nordea Economic Outlook: Falling into place
Nordea: Business is creditable
![Nordea first-quarter results 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/f6108d43-56d4-4125-9525-5aee91f4bc32.png)