Stock Analysis

Nordea Bank Abp Second Quarter 2024 Earnings: EPS Beats Expectations

Published
OM:NDA SE

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).
OM:NDA SE Earnings and Revenue Growth July 17th 2024

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.

Valuation is complex, but we're here to simplify it.

Discover if Nordea Bank Abp might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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