contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Matias Arola

Nordea is a banking company. The company offers a range of financial services, aimed at both private and corporate customers, including traditional asset management, loan financing and pension savings. In addition, it also offers advice and security insurance, as well as currency management. Nordea has the largest operations in the Nordic and Baltic countries. The company was founded in 1997 and its headquarters are located in Helsinki.

In its assessment published today, SEB considers the Nordic banking sector to be undervalued. The outlook is improving, and this is not reflected in share prices. Nordea’s target price is raised to €19.30.

Target prices are starting to break the €20 mark. This morning’s news reports that the French investment bank BNP Paribas has raised its Nordea target price from €16.33 to €20.55, maintaining its outperform rating.

Will AI disrupt banks’ AUM departments? Asset management firms on the other side of the Atlantic hit the panic button yesterday, and their share prices plunged after Altruist launched the Hazel AI investment tool (see, e.g., @ilkka6’s post on the forum’s “Financial sector as an investment” section). Now, the discussion is spreading regarding what will happen to banks’ AUM (Assets Under Management) units. While there is a “panic button” atmosphere on Wall Street, the effects could be both negative and positive. Some clients may shift from AUM departments to using AI agents, competition may intensify, and margins may weaken. On the other hand, AI tools also enhance the efficiency and productivity of banks, thereby bringing costs down. For many high-net-worth clients, a personal human advisor is important. AI does not necessarily have to replace current wealth management services entirely; it can also complement them. AI is already a reality for banks and Nordea today. https://www.cnbc.com/2026/02/10/worries-about-ai-coming-for-banks-overshadowed-bullish-ma-predictions-for-2026.html

Inderes              Nordea Bank Abp: Managers' transactions - Varma Mutual Pension Insurance...    Nordea Bank Abp Stock exchange release - Managers' transactions 6 February 2026 at 18:30 EETNordea Bank Abp has received the following notification under Article 19 of the EU Market Abuse Regulation...                             Varma sold 4 million shares of Nordea.                   Tärkeimmät talousuutiset | Kauppalehti – 6 Feb 26              Varma myi 10 prosenttia Nordea-potistaan – teki 68 miljoonan euron kaupat    Työeläkevakuuttaja Varma on Nordean suurin suomalainen omistaja.

It’s quite interesting, as Nordea’s app and services seem to be lagging significantly behind other domestic ones  Not to mention the post-Investor tools, which I don’t have experience with myself, but not many people here seem to be praising them.

According to the news summary provided by Finwire (below), Group Technology has over 4,500 employees, so in relation to that, we are talking about approximately 6 percent of its jobs. As I see it, the reduction is understandable, as Nordea has had major IT projects in recent years that have mostly been completed. In this regard, I for one have expected the cost side to decrease. ”Nordea is carrying out a restructuring that means 271 positions will disappear within the bank’s IT department Group Technology. This is reported by the Danish Ekstra Bladet, which has had the information confirmed by the bank via a written statement. The reductions affect several countries in the Nordic region as well as Poland, but it is not specified how many are affected in Denmark. According to the bank, the measure is part of a new strategic period to ensure they have the right structure, capacity, and expertise for future needs and long-term growth. Over 4,500 people work within Group Technology.”

Bloomberg: Nordea to cut 271 jobs – 30 to go from Finland According to the Bloomberg news agency, Nordea plans to reduce jobs in its technology-related operations.                   Tärkeimmät talousuutiset | Kauppalehti – 6 Feb 26              Bloomberg: Nordea vähentää 271 työtehtävää – Suomesta lähtee 30    Uutistoimisto Bloombergin mukaan Nordea aikoo vähentää työpaikkoja teknologiaan liittyvissä toiminnoissaan.

Nordea Bank

Nordea's Q2 was the 10th consecutive quarter in which the bank's earnings level continued to improve and the Q2 result was also stronger than market expectations. Although we expect Nordea's earnings level to be close to its peak, we forecast profitability to remain strong in the coming years (2024-2026e: ROE ~15 %). In our view, the company is still exceptionally cheaply priced and thus the expected return looks attractive.

<p>Nordea's Q2 was the 10th consecutive quarter in which the bank's earnings level continued to improve and the Q2 result was also stronger than market expectations. Although we expect Nordea's earnings level to be close to its peak, we forecast profitability to remain strong in the coming years (2024-2026e: ROE ~15 %). In our view, the company is still exceptionally cheaply priced and thus the expected return looks attractive.</p> 

	2022	23e	24e
Operating income	9,721.0	11,835.4	11,718.8
growth-%	1.0 %	21.8 %	-1.0 %
EBIT (adj.)	5,299.0	6,527.9	6,069.4
EBIT-% (adj.)	54.5 %	55.2 %	51.8 %
EPS (adj.)	1.11	1.41	1.35
Dividend	0.80	0.95	0.95
Dividend %	8.0 %	5.7 %	5.7 %
P/E (adj.)	9.0	11.8	12.3
EV/EBITDA	7.7	9.0	9.4

Nordea: Convincing performance

Key Estimate Figures18.07.2023

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