Why did Nordea Bank stock rise on 9 October?
Written after the close on
Nordea Bank +0.27% · OMX Helsinki 25 +0.54%
Nordea Bank rose slightly in the last session, likely on nerves ahead of next week's results. Over the last five trading days Nordea Bank fell clearly, while the OMX Helsinki 25 index fell only slightly, so the bank moved more than its home market. The likely driver is the upcoming third-quarter report, due next week, which keeps investors cautious; a survey of retail investors showing appetite for technology and bonds is only partly relevant, and a regional outlook pointing to roughly 3 percent growth in Sweden this year is a mild positive for a Nordic bank. Watch the report itself, where management presents the results and takes questions.
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