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Nordea Bank Abp (NBNKF)
OTHER OTC:NBNKF
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.33Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2019
|% Change Since: 2.56%
|Next Earnings Date:Oct 24, 2018
Earnings Call Sentiment|Positive
The earnings call depicted a generally strong performance by Nordea with significant achievements in return on equity, asset management, and capital strength. However, challenges persist with the decline in net interest income, increased costs, and the settlement charge. Overall, the positive aspects and strategic outlook appear to outweigh the negatives.Company Guidance
In the earnings call for Nordea's Q3 2024 financial results, the bank reported a strong performance with a return on equity of 16.7%, marking the eighth consecutive quarter above 15%. Total income increased by 2% year-on-year, driven by a 4% rise in net fee and commission income and a 26% boost in net fair value results, despite a 1% decrease in net interest income. Operating profit stood at EUR 1.6 billion, with a cost-to-income ratio of 43.4% when excluding specific regulatory costs. The CET1 ratio was 15.8%, and the bank announced a new share buyback program. Asset under management rose by 15% to reach EUR 412 billion. The bank's outlook for the full year 2024 remains optimistic, expecting a return on equity above 16%.Strong Return on Equity
Nordea reported a return on equity of 16.7% for Q3 2024, continuing a trend of exceeding 15% for the past eight quarters. The bank expects return on equity for the full year 2024 to be above 16%.
Increased Total Income
Total income for the quarter increased by 2% year-on-year, with net fee and commission income growing by 4% and a 26% increase in net fair value result.
Asset Under Management Growth
Assets under management increased by 15% year-on-year to an all-time high of EUR 412 billion, driven by strong performance in Private Banking and Life & Pension.
Strong Capital Position
The CET1 ratio stood at 15.8%, 2.3 percentage points above the capital requirement, supporting strong returns to shareholders.
Share Buyback Program
A new share buyback program was announced, beginning this month, highlighting the bank's commitment to returning capital to shareholders.
Positive Cost Management
Cost-to-income ratio, excluding US settlement, was 43.4%, and costs developed in line with the operating plan.
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NBNKF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NBNKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $11.34 | $12.00 | +5.82% |
| Jul 15, 2024 | $11.92 | $11.50 | -3.52% |
| Apr 18, 2024 | $11.35 | $11.40 | +0.44% |
| Feb 05, 2024 | $12.24 | $11.58 | -5.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nordea Bank Abp (NBNKF) report earnings?
Nordea Bank Abp (NBNKF) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Nordea Bank Abp (NBNKF) earnings time?
Nordea Bank Abp (NBNKF) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NBNKF EPS forecast?
NBNKF EPS forecast for the fiscal quarter 2024 (Q4) is 0.33.
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