Nordea Bank: 6.2% Yielding Nordic Bank Moving Into 'Buy' Territory

Nordea maintains strong profitability targets, aiming for >15% ROE and a 45% cost-to-income ratio, with robust capital and low loan losses. Despite a 2% YoY operating income decline and higher restructuring expenses, NRDBY's underlying performance remains resilient, aided by loan loss buffer releases. Nordea's 70% dividend payout ratio and recent 500M EUR buyback support an attractive 6.5% yield, with EPS growth potential toward 1.5 EUR by 2027.