Nordea reported its full year results this morning. While broadly in line with both consensus and our expectations (when stripping out exceptional revenues and restructuring charges), you can’t' see the wood for the trees as both the quality of that top line is questionable and questions around capital/dividend are definitely acting as headwinds making any potential upside (at best) very limited.
27 Jan 2016
Do not expect postive newsflow...
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Do not expect postive newsflow...
Nordea reported its full year results this morning. While broadly in line with both consensus and our expectations (when stripping out exceptional revenues and restructuring charges), you can’t' see the wood for the trees as both the quality of that top line is questionable and questions around capital/dividend are definitely acting as headwinds making any potential upside (at best) very limited.