Swedish bank NORDEA BANK AB ADR NRBAY reported a 30 percent gain in its net profit for the first quarter.
Nordea's quarterly net profit surged to EUR1.08 billion, versus EUR831 million, in the year-ago period.
Its net interest income slipped to EUR1.29 billion from EUR1.36 billion.
Operating profit for the quarter came in at 1.41 billion euros ($1.54 billion).
Loan losses shrank to EUR122 million, compared to EUR158 million.
The common equity Tier 1 ratio came in at 15.6 percent, versus 14.6 percent, a year earlier.
Nordea shares declined 0.12 percent to close at $13.02 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in