Nordea is a pure Nordics play with deep history in the region.
Nordea posted EUR 2.4 billion in net income for the first nine months of the year, indicating a 4% decline year over year; this is trending in line with our forecast 7% net income decline for the full year. We are maintaining our narrow moat and stable moat trend ratings as well as our SEK 119 fair value estimate, which indicates that the shares offer 10% upside at current levels with a 3-star rating category.Year-to-date profitability is in line with our current forecast, so we have opted to m...
Nordea Bank is a financial services group based in Sweden. Co. has three business areas: retail banking, wholesale banking, and wealth management. Retail banking conducts a full service banking operation and serves household and corporate customers in the Nordic markets as well as the Baltic countries. Wholesale banking provides banking and other financial solutions to large Nordic and international corporate, institutional and public companies. Wealth management provides investment, savings and risk management products. It also manages customers' assets and provides financial advice to individuals and institutional investors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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