Nordea released this morning its numbers for Q4 20. Numbers and quality of communication were better than those of its peers, SHB and Swedbank. Net interest income was indeed above expectations, while management’s communication on capital distribution gave investors more clarity. Nordea will indeed pay a €0.07 dividend (in line with the ECB’s recommendation) but will ask at the AGM to vote on a total €0.79 dividend, to pay a €0.72 dividend, once ECB’s (strong) recommendations are lifted. CET1 ra ....
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Better than peers...
Nordea released this morning its numbers for Q4 20. Numbers and quality of communication were better than those of its peers, SHB and Swedbank. Net interest income was indeed above expectations, while management’s communication on capital distribution gave investors more clarity. Nordea will indeed pay a €0.07 dividend (in line with the ECB’s recommendation) but will ask at the AGM to vote on a total €0.79 dividend, to pay a €0.72 dividend, once ECB’s (strong) recommendations are lifted. CET1 ra ....