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Nordea Bank Abp (NRDBY)
OTHER OTC:NRDBY
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.34Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2019
|% Change Since: 6.81%
|Next Earnings Date:Oct 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with robust return on equity and growth in assets under management. However, challenges such as a decline in net interest income and regulatory costs were noted. Despite these challenges, Nordea's capital position and strategic initiatives support a positive outlook.Company Guidance
In the Nordea Q3 2024 earnings call, a comprehensive range of metrics highlighted the bank's robust performance and strategic direction. Nordea achieved a return on equity of 16.7% for the quarter, continuing its trend of exceeding 15% for the past eight quarters. Total income increased by 2% year-on-year, driven by a 4% rise in net fee and commission income and a 26% surge in net fair value results, despite a 1% decrease in net interest income. Operating profit reached EUR 1.6 billion, while lending volumes remained stable, with retail deposits increasing by 2% and corporate deposits by 9%. Asset under management grew by 15%, reaching an all-time high of EUR 412 billion. The bank maintained a strong CET1 ratio of 15.8%, enabling it to announce a new share buyback program. Cost-to-income ratio, excluding certain items, was 43.4%, and net loan losses were EUR 51 million or 6 basis points, reflecting strong asset quality. Nordea updated its full-year 2024 outlook, expecting return on equity to be above 16%, and reaffirmed its confidence in sustaining a return on equity above 15% for 2025.Strong Return on Equity
Nordea achieved a return on equity of 16.7%, marking the eighth consecutive quarter above 15%.
Increase in Total Income
Total income for Q3 increased by 2% year-on-year, driven by a 4% growth in net fee and commission income and a 26% increase in the net fair value result.
Asset Management Growth
Assets under management increased by 15% year-on-year, reaching an all-time high of EUR 412 billion.
Resumption of Share Buybacks
Nordea announced a new share buyback program starting this month, reflecting strong capital generation.
Strong Capital Position
The CET1 ratio stood at 15.8%, 2.3 percentage points above the capital requirement.
Positive Developments in Private Banking
Net flows in Private Banking were positive, with a strong contribution from Sweden and Finland, leading to overall positive net flows of EUR 3.6 billion.
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NRDBY 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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NRDBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $11.30 | $11.96 | +5.84% |
| Jul 15, 2024 | $11.99 | $11.54 | -3.75% |
| Apr 18, 2024 | $11.28 | $11.44 | +1.42% |
| Feb 05, 2024 | $11.79 | $11.12 | -5.68% |
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 (NRDBY) report earnings?
Nordea Bank Abp (NRDBY) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Nordea Bank Abp (NRDBY) earnings time?
Nordea Bank Abp (NRDBY) 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 NRDBY EPS forecast?
Currently, no data Available
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