Nordea - Nordic banking leader

The result was good, of course, but not exceptional in any way. Although, one would expect that in a stable banking business. The forecast deviations on the revenue side came largely from these “other” items. That massive growth in AUM from the previous quarter was definitely a big deal and will support earnings in the future as well.

I haven’t turned that positive yet; you will certainly notice it in the target price and recommendation if this becomes my base scenario :smiley: It is by no means impossible, provided Nordea gets support from interest rate levels and economic development in addition to its own good performance.

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