DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Banks - 2 — - 1 Frank Vang - 1 Jensen - 1 Hugh Moorhead - 1 Moorhead - 1 Peter Richardson - 1 Richardson - 1
Top related locs:
Finland U.S Italy Helsinki Sweden Norway Denmark Germany
Top related orgs:
Nordea Bank - 3 Barclays - 2 Bank - 2 Moorhead - 1 European Central Bank - 1 Chartered - 1 UniCredit - 1 HSBC — - 1

Search resuls for: "Nordea Bank"


5 mentions found


☆ 'Too cheap to ignore': Buy this under-the-radar global bank with a 9% yield, analyst says
  + stars: | 2024-07-17 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Shares of Nordea Bank , the Finnish lender, have been labeled "too cheap to ignore" by investment bank Berenberg. Net interest income – earned through the differences in rates offered to savers and borrowers — grew 7% year-on-year to 3.86 billion euros. "Trading on only 7.5x our [financial year] 2025 earnings — an 8% premium to the sector — we think Nordea is too cheap to ignore. However, the Berenberg analyst believes that Nordea's net interest income is relatively resilient, noting that "the market still underappreciates Nordea's [net interest income] stability, in our view, which contrasts favourably to that of more rate-sensitive Nordic peers." The analyst also said that recent challenges, including a slight miss on second-quarter net interest income expectations or a modest cost increase, should not deter investors.
Persons: —, Frank Vang, Jensen, Hugh Moorhead, Banks, Moorhead Organizations: Nordea Bank, Moorhead Locations: Helsinki, Finland, Sweden, Norway, Denmark, U.S, Germany, Italy, Switzerland, Moorhead
☆ Profits of these 5 global banks will stay high despite an ECB rate cut, says Berenberg
  + stars: | 2024-06-03 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Despite an interest rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. The European Central Bank appears on course to cut interest rates this week, the first reduction since 2019, despite a higher-than-expected inflation print . However, European banks underperformed their global peers over the past decade as the European Central Bank kept interest rates below or near zero until 2022. The investment bank's analyst also pointed out that European banks are currently trading at a 20% discount to their long-run average valuation despite improvements in their balance sheets and returns. According to Berenberg, historical data shows that European banks only traded below current valuations for 6% of the time between 1988 and 2020.
Persons: Banks, Peter Richardson, Richardson, Berenberg Organizations: European Central Bank, Chartered, Barclays, Nordea Bank, UniCredit, HSBC —, Bank Locations: U.S
☆ As downturn fears grow, Bank of America names 8 global stocks to ride out a recession
  + stars: | 2023-06-26 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Bank of America has named the European companies whose stocks are expected to perform robustly in the face of a possible economic downturn. It comes amid increasing signs that the European economy could be headed for a period of extended recession. Bank of America's proprietary Style Cycle model also shows that the region is facing a "recession phase." The forward cash yield measures how much cash a company is expected to generate for its shareholders over the next year compared to its current market price. The cash yield also includes returns through buybacks.
Persons: Intesa Sanpaolo, Paulina Strzelinska Organizations: of America, of, KBC, Eni, Nordea Bank, Barclays, Aviva, BNP, Bank, America's Locations: Europe, Belgium, Italy, Finland, Repsol, Spain, United Kingdom, France, buybacks, industrials
☆ 'We're not out of the woods': Sweden’s sliding house prices could be only halfway to the bottom
  + stars: | 2023-04-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +4 min
Sweden's house prices are expected to continue to plummet. Danske previously projected a 20% drop, peak to trough, in Swedish house prices. The data shows house prices rose by 1% compared with February. When adjusted for seasonality, the increase translates into a small decline of 0.3%, with house prices typically growing slightly at the start of each year. SEB is maintaining its forecast of a 20% drop in Swedish house prices, but with downside risk.
☆ Sweden is facing its ‘day of reckoning’ as house prices plummet
  + stars: | 2023-01-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +7 min
But now property prices are tumbling. Sweden's property prices are facing a serious drop as the country's former central bank governor warns of lofty household debt levels. Central bank rate hikesIn 2022, Sweden's central bank undertook an aggressive interest rate hiking cycle that ricocheted through the property market. So basically once the interest rate is stabilised, we don't expect prices to continue declining," Brodin said. Sweden isn't the only European country experiencing a plunging property market post-pandemic, with some economists forecasting a similar downturn of between 20% and 25% in Germany.
0 next >>
Total: 5