Affärsvärlden maintains its buy rating for Nordea Bank, according to a comment on Thursday.
Nordea released its third-quarter report this morning. The stock is falling today as a result of the bank pausing its share buyback programme.
Analysts had previously expected Nordea to buy back shares worth EUR 900 million in 2027.
“In the short term, the stock feels cold, despite today’s Nordea report appearing acceptable based on the reported figures. Nevertheless, we do not see a long-term problem large enough to change the buy rating we have had on Nordea. The stock trades at a P/E ratio of 10.1 based on 2027 earnings. So on a pure valuation basis, there is value,” writes Affärsvärlden.
