NBNKF News and Press, Nordea Bank ABp From 10/20/22

Nordea Bank Abp (NRDBY) Q3 2022 Earnings Conference Call October 20 2022 4:00 AM ET Company Participants Frank Vang-Jensen - President Ian Smith - Chief Financial Officer Matti Ahokas - Head of Investor Relations Conference Call Participants Magnus An...

Summary We covered banks some time ago with a focus on which ones might benefit from rate hikes by having less exposure to fee and commission income. KBC demonstrates the value of traditional and long eschewed retail/commercial banking in the current environment. Has the full ...

Summary The passing of the Queen has swiftly circled the globe. Now, King Charles holds the torch and has significant power over economies, especially if more hands on than his mother. Interestingly, an initiative already lays out some of the King's favorite holdings and offer...

Sweden is not doing too hot broadly speaking, and slowdowns are evident. Moreover, the Riksbank looks ready to live with economic consequences of a rate hiking regime. EWD has some nice exposures, and the SEK shouldn't be too weak, but it's a minor currency and the broader Swedish...

Nordea is positioned for the rate hiking environment with its strong deposit position. 50 bps are about 100 million EUR in benefit to the company given an asset base. This overcomes current declines we are seeing in fee income, which is more linked with economic activity and confi...