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Aktia

Viimeisimmät raportit

Laaja raportti

Analyytikko

Sauli Vilén

Sauli Vilén

Pääanalyytikko

Lisätiedot
Matias Arola

Matias Arola

Analyytikko

Lisätiedot

Sisäpiirin kaupat

Nettovaikuttavuus

Muut analyysit
15.7.
2021

Although Q2 might not be an eventful quarter in the underlying business, the fact that itwill be the first to include Taaleri makes consensus estimates uncertain ahead of results.Furthermore, we believe the market does not fully appreciate the positi

Muut analyysit
7.5.
2021

Aktia reported Q1 PBT in line with consensus, with 4% better NII and Life 30% ahead as the positive takeaways, but with higher costs and loan losses, both partly explained by one-off items.

Muut analyysit
7.5.
2021

Aktia reported Q1 PBT in line with consensus, with 4% better NII and Life 30% ahead as the positive takeaways, but with higher costs and loan losses, both partly explained by one-off items.

Muut analyysit
11.3.
2021

Aktia, like its Nordic peers, has excess capital on its balance sheet that does not generate a return. Instead of waiting for a future opportunity to pay that capital out, Aktia today announced that it will acquire the wealth management operations of Taaleri. We believe this transaction makes both financial and strategic sense and we see clear value creation. We hope other Nordic banks take note on how value can be created.

Muut analyysit
19.2.
2021

Aktia ended the difficult 2020 in a strong position. Q4 loan growth was 3.2%, while costly
deposits decreased 0.7%. Assets under management (AUM) increased 8.6% in the
quarter but more importantly, the year ended with AUM 12.5% above the average of the
full-year 2020, providing a strong platform for revenue growth in 2021.

Muut analyysit
12.1.
2021

Aktia today announced that it will go against the recommendation of the regulator and instead pay out 60% of the 2019 profits and propose a dividend for 2020 to the 2021 AGM in the normal fashion. We welcome what we believe is the right thing to do, as we believe regulators have been wrong in imposing the same capital distribution limitations on all banks regardless of whether they are strong or weak.

Paying a dividend.

Muut analyysit
18.12.
2020

This week the ECB published its much anticipated dividend recommendations. We were very disappointed with the outcome, as we believe it is significantly too conservative and that it further penalises strong banks. As a result, we have cut our dividend estimates for Aktia to zero for 2019 and EUR0.08 for 2020.

We see potential for a further capital release post 30 September but we do not include this in our estimates.
Muut analyysit
4.11.
2020

Aktia reported Q3 revenues 8.5% below FactSet consensus. The main driver of the miss was an unrealised real estate value adjustment in Life. NII and fees were also weak, at 1.5% and 3.6%, respectively, below consensus, but costs were 6% better. If we combine the 'quality' lines NII plus fees minus costs, the result was 9% ahead of consensus, so we see no reason the weak revenues should drive estimate changes in the market.

Aktia

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