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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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 Cancels Over 8 Million Shares The cancellation is related to the company’s repurchases of its own shares. The cancellation of the shares has been registered in the trade register on December 18, 2025.                   Tärkeimmät talousuutiset | Kauppalehti – 18 Dec 25              Nordea mitätöi yli 8 miljoonaa osaketta    Mitätöinti liittyy yhtiön omien osakkeiden takaisinostoihin. Osakkeiden mitätöinti on merkitty kaupparekisteriin 18. joulukuuta 2025.

I would note, however, that reducing the number of shares makes it easier to reach that 2 euro earnings per share. Surely the reduction in the share base has been taken into account when forecasts were made.

And if we were to refrain from buying now because the share price is high, that would indicate that the company’s management does not believe in its own goals. Nordea’s goal is an EPS of 2 euros in 2030. It is certainly worth buying at current prices if that goal is realized.

I have never understood why these share buybacks would even be attempted to be timed to lower prices. They just stubbornly buy when the program starts, no matter the cost. And the same seems to apply to most companies.

Welcome to a larger ownership stake! It’s just a shame that the price at these levels “feels” very expensive. Now the average purchase prices of previous programs are starting to look like bargain prices… Still, I gladly take these share buybacks alongside dividends as a profit distribution method. Both are better.

Kassu has commented on Nordea’s share buybacks.   Nordea announced on Tuesday that it had received approval from the European Central Bank for share buybacks and would launch a buyback program of up to EUR 500 million. The program is in line with the company’s capital policy and our dividend forecasts. The program will start on December 18, 2025, or as soon as possible thereafter, and will end no later than May 8, 2026.                   Inderes              Nordea jatkaa omien osakkeiden takaisinostoja - Inderes    Uusi 500 MEUR:n ohjelma on linjassa yhtiön pääomapolitiikan sekä voitonjakoennusteidemme kanssa.

That comes at least from the Companies Act, that a public limited company cannot make a decision that would result in it holding more than 10 percent of its own shares.

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 %	6.0 %	5.8 %
P/E (adj.)	7.8	10.8	11.2
EV/EBITDA	7.0	8.7	8.8

Nordea: Business is creditable

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Key Estimate Figures18.04.2024

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