According to Kauppalehti, Nordea seemed to exceed all expectations, but what the share price reaction will be today remains to be seen - but hopefully positive. Nordea’s results are also likely to raise the share price of Sampo Bank. It could be an interesting day on the stock market, as the results of meat companies are faltering, unless the faltering results have already been “baked” into the share prices.
Here are the results https://www.inderes.fi/tiedotteet/nordean-tulos-toinen-neljannes-2018
"Comparison Q2/2018 vs. Q2/2017 (Q2/2018 vs. Q1/2018)
*Net interest income decreased by 9% to EUR 1,073 million (increased by 2%). In local currencies, it decreased by 7% (increased by 2%).
*Operating income increased by 6% to EUR 2,541 million (10%). In local currencies, it increased by 8% (10%).
*Operating expenses decreased by 11% to EUR 1,154 million (4%). In local currencies, they decreased by 8% (3%).
*Profit before loan losses improved by 24% to EUR 1,387 million (25%). In local currencies, it improved by 27% (25%).
*Net loan losses decreased by 44% to EUR 59 million (increased by 48%). In local currencies, they decreased by 41% (increased by 53%).
*Operating profit increased by 31% to EUR 1,328 million (24%). In local currencies, it increased by 34% (24%).
*Common Equity Tier 1 (CET1) ratio increased from 19.2% to 19.9% (Q1/2018: 19.8%).
*Cost-to-income ratio improved from 54% to 45% (7 percentage points from 52%).
*Net loan loss ratio decreased from 0.13% to 0.10% (increased by 0.03 percentage points from 0.07%).
*Return on equity increased from 9.5% to 13.9% (3.9 percentage points from 10.0%).
*Diluted earnings per share improved from EUR 0.18 to EUR 0.27 (from EUR 0.20 to EUR 0.27)."
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Nordea is not alone
Can someone wiser briefly tell me the content in Finnish?
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Nordea is the only Nordic bank that is drastically cutting its workforce. An interesting deviation from other major Nordic peers: at the same time, Handelsbanken has no plans to cut and continues to invest in its decentralized model (which has historically worked best), and SEB is in the middle of a real hiring spree.
Nordea’s path seems right, but is “squeezing the lemon” and endless cutting the right way? What kind of passion do employees have for creating excellent customer experiences, while it’s clear that their own work will be automated as soon as possible?
It’s hard to say. Banks face fundamental questions about the purpose of their own existence and what role they will play in society and in the eyes of consumers in the future.
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OP is at least expanding heavily into healthcare, because they’ve smelled the harsh future of brick-and-mortar banking… We’ll see…
Tomorrow, Sampo will publish its Q2’18 results. The results themselves are unlikely to bring any surprises, but it will be interesting to hear Stadigh’s comments on the market and Nordea.
Here’s a reminder of the last discussion with Sauli about Sampo and Nordea’s dividend: Sammolla ja markkinalla iso näkemysero Nordeasta - Inderes
Sammon Stadigh reiterated his positive comments on Nordea and even went so far as to say in the conference call that “Nordea has now hit rock bottom.”
It will be interesting to see how the case progresses.
found this in the depths of the internet 
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Nordea focuses on https://www.inderes.fi/fi/tiedotteet/nordea-myy-nordea-ejendommen
The latest special episode of the Heikkilä&Vilén Show covers Nordea really comprehensively, I definitely recommend it to everyone, it also explains the challenges of the banking sector very well 
Onko Nordea hyvä sijoitus? Heikkilä&Vilén Show Osa 37 - Inderes
After the critical beginning of the video, the duo is quite confident about Nordea’s future and reasonable return expectations.
An investor can, of course, always consider whether they want the high dividend yield offered by Nordea and a possible payoff if/when the IT project is completed. At the same time, they bear the risk if Nordea fails to position itself correctly in a changing world. Banks are also very susceptible to macroeconomic fluctuations, and if one wants to reduce that risk in the portfolio, excluding banks is quite logical. 
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Heikkilä & Vilén raise many good points in the video. It truly feels like there are companies in the stock market where risks are seen, and then, on the other hand, companies where no risks are seen and which are valued at P/E ratios of 20-40. As a financial market novice, I ponder that a decreasing loan portfolio reduces operational risks. If the net interest income is low, economic shocks and, for example, a drop in Swedish housing prices, are more devastating for banks. Nordea has performed surprisingly well by increasing its focus on asset management and concentrating on cost-side savings. This strategy is precisely right from the perspective of a risk-aware investor.
The largest financial group in the Nordics is traded at book value. How little trust does the market have in the group’s management? Surely, they didn’t reach this position by accident?
I would really like someone to explain in simple terms what this “future of the financial world” actually is. Some payday lenders advertise themselves as an alternative to banks. These subprime loans started the last financial crisis too. Regulation is seen as a threat, but it surely favors financially sound operators. The changes in PSD2 are insane: wouldn’t it be great if Google, etc., in addition to everything else, also knew your account balance and spending habits and generously shared these with its partners to improve service? Maybe I want to keep these things strictly between me and my bank.
I’m also clueless about these IT systems. The user interface on computers is the part I would least want to change. A secure, high-performing, reliable, and clear operating system is the best. All kinds of over-engineering with bells and whistles weakens all four. A plaintext website from ten years ago is much more pleasant to use than, for example, these current news services.
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I’m partially involved with PSD2 through my work. It’s a big joke. In practice, the interfaces have always been open. No one has just defined a single standard, and PSD2 doesn’t define one either, even though it should… So, in practice, PSD2 doesn’t change anything. Bank integrations are still difficult to do, and there’s no single way, making global integration difficult. Banks actually hope that PSD2 fails and that a single standard never emerges, so Google and Facebook can’t enter their market.
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Thanks for the great show I immediately felt like I needed to add more Nordea to my portfolio for a forever hold
Edit: when can we get Nordea on the watch list, if it isn’t already?
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The benefits of the IT reform will especially come to the consumer side as cost savings, and it should improve the productivity of the consumer side. Just before the IT reform is supposed to be completed, the top boss of the consumer side moves to Finnair. Is there a scenario where the IT reform succeeds and Topi Manner moves to Finnair? I personally don’t believe so.
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Good reflection. It is admittedly a horrifying thought that the project will fail, and this is why there is an exodus of leaders from Nordea. I believe that the Finnair CEO position is attractive enough in terms of salary and other benefits that there will certainly be a rush for it regardless.
Edit: corrected texts from automatic text correction
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When Nordea is ready to pay for it 
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I’ve been watching Nordea since the beginning of the year. Today is the day to buy 
thanks to the Heikkilä&Vilen show that convinced me to do it 
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Not bad. However, in a bear market starting outside Finland, big banks would collapse first, and small First North players would be the last, Masse hesitated.
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