Nordea stock: Nordea reports EUR 1.54 billion Q3 profit. Nordea stock is valued at EUR 51.8 billion

Published on 10/24/2026 at 01:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordea's Q3 operating profit fell 4 percent to EUR 1.54 billion. Nordea stock keeps 2026 return on equity above 15 percent and cost-to-income at 44-45 percent.

Nordea earnings and valuation

Nordea reported EUR 1.54 billion in operating profit for the third quarter on October 15, 2026.
Full-year 2026 guidance calls for return on equity above 15 percent and a cost-to-income ratio of 44-45 percent.
Nordea's market capitalization was EUR 51.8 billion as of October 23, 2026.

Makroaufnahme einer generischen Silber- und Goldmünze mit Textur, unbrandet — Nordea Bank Abp (FI4000297767): Makroaufnahme einer generischen Münzoberfläche mit metallischer Textur, unbrandet, detailreich, Illustration mit AI erstellt.

Nordea Bank Abp (ISIN FI4000297767) reported EUR 1.54 billion in operating profit for the third quarter of 2026, down 4 percent from EUR 1.60 billion a year earlier. The result came with 15.1 percent return on equity and earnings per share of EUR 0.35, according to Nordea on October 15, 2026.

Fee income offsets weaker profit

The quarter showed a mixed operating picture. Total operating income rose 2 percent year over year to EUR 2.97 billion, while net fee and commission income increased 9 percent to EUR 880 million. Net interest income rose 1 percent to EUR 1.80 billion, but the net fair value result fell 19 percent to EUR 198 million as interest-rate volatility affected market activity.

Assets under management increased 13 percent year over year to EUR 509.4 billion at September 30, 2026. Corporate lending rose 8 percent and corporate deposits increased 7 percent, while retail deposits grew 4 percent. The figures give Nordea a stronger volume base even as lower lending margins weigh on interest income.

What does the capital outlook mean?

Nordea ended the third quarter with a CET1 ratio of 15.8 percent, 1.9 percentage points above its regulatory requirement. The bank kept its full-year 2026 outlook for return on equity above 15 percent and a cost-to-income ratio of 44-45 percent, as stated in the Nordea release.

Analyst caution has centered on capital distribution. On October 21, 2026, Barclays cut its price target from EUR 15.00 to EUR 14.50 and reiterated an underweight rating, according to MarketScreener. That view contrasts with the bank's resilient fee growth and capital ratio, but it highlights the importance of buyback expectations for the investment case.

Next reporting date is January 27

Nordea's next scheduled earnings release is January 27, 2027, according to the calendar shown by MarketScreener. The next report will show whether lending and deposit growth can offset margin pressure and the reduced scope for capital returns.

Market value and operating strength

Nordea had a market capitalization of EUR 51.8 billion as of October 23, 2026. Its 52-week range was EUR 14.15 to EUR 18.11, while the third-quarter report showed assets of EUR 704.6 billion and assets under management of EUR 509.4 billion.

The further course of trading is shown by the continuously updated real-time quote of Nordea stock.