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SpareBank 1 Nord-Norge ( (SPXXF) ) has issued an announcement.
SpareBank 1 Nord-Norge, holding a 14.45% stake, is part of a strategic partnership with Swedbank to establish a leading Nordic investment bank, SB1 Markets. This collaboration, involving the acquisition of Swedbank’s Investment Banking operations, aims to enhance market positioning in the Nordic region, though it has a limited financial impact.
The most recent analyst rating on (SPXXF) stock is a Hold with a NOK123.00 price target. To see the full list of analyst forecasts on SpareBank 1 Nord-Norge stock, see the SPXXF Stock Forecast page.
More about SpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge is part of the SpareBank 1 alliance, operating in the financial services industry. The company focuses on banking services and has a stake in the newly formed Nordic investment bank, SB1 Markets.
YTD Price Performance: 18.74%
Average Trading Volume: 118,571
Current Market Cap: NOK13.75B
See more insights into SPXXF stock on TipRanks’ Stock Analysis page.