Nordea Posts Third-Quarter Results; Buybacks Paused Amid Discussions
Nordea's third-quarter results were slightly below consensus, with lower-than-expected trading performance and fee income. The company suspended buybacks in response to ongoing discussions.
Nordea’s overall third-quarter results were good, although earnings came in slightly below consensus. AlphaValue analyst Sylvain Perret attributes the shortfall to weaker-than-expected trading performance and fee income. Perret says the main development was the suspension of buybacks amid ongoing discussions with the…