Nordea Beats Estimates as CEO Points to Nordic Economic Weal

Nordea Beats Estimates as CEO Points to Nordic Economic Wealth


Nordea Wins Praise From Activist Investor Cevian; Shares Soar
Bloomberg
2/4/2021
Kati Pohjanpalo and Rafaela Lindeberg
(Bloomberg) -- Nordea Bank Abp exceeded market expectations for the fourth quarter, drivings it share price higher and drawing praise from one of its most vocal shareholders.
The bank’s performance last year marks “another strong report,” Cevian Capital Managing Partner Christer Gardell said in an emailed comment to Bloomberg News on Thursday, after Nordea released its results.
“We expect a rapid and significant improvement in earnings also in 2021, and we are convinced that the bank’s management will deliver just that,” he said.
Shares in Nordea were up about 5% when the market opened in Stockholm, where most of its stock is traded.

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