An update from SpareBank 1 Nord-Norge ( (SPXXF) ) is now available.
SpareBank 1 and Swedbank have partnered to establish a leading Nordic investment bank by integrating Swedbank’s Corporate Finance and DCM High-Yield businesses into SpareBank 1 Markets (SB1M), which will now expand its stock analysis and securities brokerage into Sweden. Swedbank will hold a 20% stake in the newly named SB1 Markets, enhancing its strategic growth and customer offerings in the Nordic region. This collaboration, expected to be operational by the third quarter of 2025, will leverage the combined resources and distribution networks of both banks, offering broader expertise and improved cross-border services to customers in Sweden, Norway, and the USA.
More about SpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge operates in the financial services industry, focusing on banking products and services primarily in the Nordic region. It is part of the SpareBank 1 alliance, which provides a range of financial services including corporate finance, securities brokerage, and investment banking.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.19B
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