JYSKF - Top Picks From The Nordic Large-Cap Banks
Nordic banks are in the favor of Nordic investors, because they have traditionally offered investors relatively high return on equity and very generous dividend payout ratios.
Due to the challenging interest rate environment, European banks have been struggling to keep their businesses profitable in the market where margins are decreasing rapidly. Also the recent money laundering scandals of Nordea, Danske Bank and Swedbank have raised concerns that other Nordic banks might have been infected with money laundering originated from the Baltic countries between 2005 and 2015. These two factors have caused the stocks of the