Jefferies Group Comments on Nordea Bank Ab’s FY2017 Earnings (NRBAY)

Nordea Bank Ab (OTCMKTS:NRBAY) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Nordea Bank in a note issued to investors on Thursday. Jefferies Group analyst K. Pillai expects that the financial services provider will earn $0.95 per share for the year. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Nordea Bank’s FY2018 earnings at $0.99 EPS and FY2019 earnings at $1.02 EPS.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank upgraded shares of Nordea Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Nordea Equity Research upgraded shares of Nordea Bank to a “hold” rating in a research report on Wednesday, November 15th. Credit Suisse Group lowered shares of Nordea Bank from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. UBS Group lowered shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Nordea Bank currently has an average rating of “Hold”.

Nordea Bank (OTCMKTS:NRBAY) opened at $12.47 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 5.94. Nordea Bank has a 1 year low of $11.05 and a 1 year high of $13.87. The firm has a market cap of $50,503.50, a P/E ratio of 13.13 and a beta of 0.71.

Nordea Bank (OTCMKTS:NRBAY) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.24 earnings per share for the quarter. Nordea Bank had a net margin of 29.32% and a return on equity of 10.93%. TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/22/jefferies-group-comments-on-nordea-bank-abs-fy2017-earnings-nrbay.html.

Nordea Bank Company Profile

Nordea Bank AB (publ) provides various banking products and services to individuals, and corporate and institutional customers. It operates through Personal Banking, Commercial & Business Banking, Wholesale Banking, and Wealth Management segments. The company offers deposits, cards, lending products, and net banking services; cash management services; trade and project finance services; asset based financing through leasing, hire purchase, and factoring; and investment, savings, and risk management products, as well as finance products to partners, such as vendors, dealers, and retailers.

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