Report
Nicolas McBeath
EUR 86.70 For Business Accounts Only

August web-activity insights

Although trading tends to be more active in August than in July, the latest web-activity figures for August do not indicate improved underlying trading activity. This is despite equity markets having risen in the past two months. In our view, consensus still appears too bullish on Avanza’s net brokerage income, expecting it to have bottomed out in Q2 and to rise in Q3 and throughout 2023.
Underlyings
Avanza Bank Holding AB

Avanza Bank Holding is the holding company of the Avanza Bank Group. Co.'s offerings comprise of: brokerage services, which enable investments in Swedish and foreign equities, bonds, funds, derivative financial instruments including futures, warrants and options, investment advisory services, pension products, pension insurance, as well as capital insurance services. Co. targets private individuals, high net-worth customers, corporate customers, day traders, fund managers and institutions.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Nicolas McBeath

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