Nordea Bank Abp First Quarter 2024 Earnings: Beats Expectations

Nordea Bank Abp (STO:NDA SE) First Quarter 2024 Results

Key Financial Results

• Revenue: €3.06b (up 5.4% from 1Q 2023).
• Net income: €1.36b (up 21% from 1Q 2023).
• Profit margin: 45% (up from 39% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: €0.38 (up from €0.31 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordea Bank Abp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.0% decline forecast for the Banks industry in Sweden.

Performance of the Swedish Banks industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Be aware that Nordea Bank Abp is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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