NDA DKK Nordea Bank AB

Delisting of Certificates

Delisting of Certificates

Nordea Bank Abp, as the issuer, has determined to delist below certificates. The instruments will be delisted end of trading 2021-11-05.

ISIN
SE0014824298
SE0012315422
SE0015236765
SE0014816476
SE0004580173
SE0014439279
SE0007493978
SE0005336054
SE0004446953
SE0004446961
SE0004446979
SE0004446912
SE0004580165
SE0004580181
SE0004580264
SE0004580348
SE0004580355
SE0004580421
SE0004580439
SE0004580496
SE0004582211
SE0005039476
SE0005039484
SE0005136801
SE0005136835
SE0005136843
SE0005219029
SE0005219045
SE0005219060
SE0005219086
SE0005219094
SE0005219128
SE0005219136
SE0005219144
SE0005219151
SE0005219169
SE0005219177
SE0005219185
SE0005219193
SE0005219201
SE0005219219
SE0005219227
SE0005219268
SE0005471232
SE0006341350
SE0006341160
SE0006341178
SE0006341418
SE0006341228
SE0006341152
SE0006341269
SE0006341202
SE0006341335
SE0006341343
SE0006341368
SE0006341392
SE0007187588
SE0007187604
SE0007187612
SE0007491857
SE0007491907
SE0007491915
SE0007491923
SE0007491931
SE0007493960
SE0007493952
SE0007494000
SE0007493994
SE0007494059
SE0007494067
SE0007494083
SE0007494018
SE0007494091
SE0007494109
SE0007494117
SE0007494125
SE0007494141
SE0007494133
SE0007494158
SE0007494174
SE0007494182
SE0007494190
SE0007495999
SE0007495981
SE0007694369
SE0007694401
SE0008011357
SE0008131452
SE0008131460
SE0008131478
SE0008131494
SE0014441267
SE0014816393
SE0014825592
SE0014825428
SE0015485073
SE0015664362
SE0016135354

Attachment



EN
25/10/2021

Underlying

NDA DKKNordea Bank AB

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Reports on Nordea Bank AB

Nicolas McBeath
  • Nicolas McBeath
Free Trial
NDA DKK NORDEA BANK AB

Nordea (Buy, TP: SEK155.00) - Resilient returns at a discount

Nordea’s Q1 was a robust quarter, with a resilient >15% ROE on a strong capital position (200bp management buffer) underpinning Nordea’s widening ROE lead versus its peers. We have raised our 2025–2027e EPS by 3–4% and our target price to SEK155 (148). Nordea is trading at a c15% P/E discount to its Swedish large bank peers, which we find unjustified given its superior ROE versus the peer group. We reiterate our BUY.

04/16/25 April 16, 2025 1 EN
Nicolas McBeath
  • Nicolas McBeath
Free Trial
SWED A Swedbank AB Cla...
NDA DKK NORDEA BANK AB ... (+4)

Q1 previews

We see near-term downside risk to NII forecasts, and expect declines to intensify in Q1 as timing effects reverse. Still, we continue to see solid value in the sector and believe recent sell-offs on tariff concerns present attractive buying opportunities, as the market again seems to fail to appreciate the earnings resilience of the Swedish banks. We have cut our 2025–2026e EPS by c5% and our target prices by c15% on average (also reflecting the stocks are trading ex-dividend for 2024). We expec...

SWED A SWEDBANK AB CLASS A
NDA DKK NORDEA BANK AB
SEB A SKANDINAVISKA ENSKILDA BANKEN AB CLASS A
SHB SVENSKA HANDELSBANKEN
04/09/25 April 9, 2025 1 EN
 PRESS RELEASE
Free
NDA DKK NORDEA BANK AB

Ändring av underliggande

Ändring av underliggande Ändring av underliggande Med anledning av Millicom International Cellulars kommande avnotering från Nasdaq Stockholm kommer Nordea den 17 mars 2025 ändra den underliggande tillgången för de certifikat som anges i [Bilaga A] till Millicom International Cellular, som är noterad på Nasdaq Global Select i USA. Som en följd av att den nya underliggande tillgången är noterad i USA kommer handelstiderna ändras från 09.00-17.25 till 15.30-21.55 och Nordea gör följande övriga ändringar i de slutliga villkoren för de berörda certifikaten: FältÄndras frånÄndras tillValuation...

March 7, 2025 1 EN
Nicolas McBeath
  • Nicolas McBeath
Free Trial
NDA DKK NORDEA BANK AB

Nordea (Buy, TP: SEK171.00) - Robust capital generation

We view Nordea’s Q4 report as solid, with a >14% ROE and encouraging deposit and asset management volume trends. Our slightly raised 2025-2026 profit estimate forecast c15% ROE. We expect the attractive capital generation and paves the way for robust annual total yields of >10% across our forecast period. Given the healthy profitability outlook, we also find the P/BV of just 1.2x too low. We reiterate our BUY, and have raised our target price to SEK171 (167).

01/30/25 January 30, 2025 1 EN
Nicolas McBeath
  • Nicolas McBeath
Free Trial
SWED A Swedbank AB Cla...
NDA DKK NORDEA BANK AB ... (+4)

Let the yield lead the way

Let the yield lead the way In advance of the Q4 results, we see the best risk/reward in Handelsbanken and less attractive risk/reward in SEB, partly due to our expectations of dividend proposals versus consensus. We have made mostly modest adjustments to our estimates and target prices ahead of the Q4 results. Despite some multiples expansion in Q4, we still see attractive value in the sector, with solid valuation support at a 2025e sector P/E below 10x. We continue to see the capital returns as...

SWED A SWEDBANK AB CLASS A
NDA DKK NORDEA BANK AB
SEB A SKANDINAVISKA ENSKILDA BANKEN AB CLASS A
SHB SVENSKA HANDELSBANKEN
01/16/25 January 16, 2025 1 EN

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