Nordea Bank Abp Second Quarter 2024 Earnings: EPS Beats Expectations

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

Key Financial Results

• Revenue: €2.97b (up 1.8% from 2Q 2023).
• Net income: €1.30b (down 2.4% from 2Q 2023).
• Profit margin: 44% (down from 46% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.37 (in line with 2Q 2023).

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

Nordea Bank Abp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.4% decline forecast for the Banks industry in Sweden.

Performance of the Swedish Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Nordea Bank Abp (1 is a bit concerning!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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