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DNB - DNB ASA News Story

NOK182.85 2.2  1.2%

Last Trade - 15/04/21

Sector
Financials
Size
Large Cap
Market Cap £24.49bn
Enterprise Value £64.23bn
Revenue £5.27bn
Position in Universe 31st / 1831

BUZZ-Nordic banks: "Better positioned than European peers" - BofA

Tue 26th January, 2021 11:00am
** BofA Global Research keeps its positive view on Nordic
banks, and says they are better positioned than European peers
    ** The broker says solid risk management, sustained cost
efficiencies and strong capital buffers put the Nordic banks in
a superior position in the European banks cluster
    ** "With valuation premiums closer to pre-COVID levels,
fundamentals intact and above-average capital distributions on
the horizon, we maintain our positive view," it adds
    ** BofA says Nordic banks have the capacity to distribute
further dividends after the restriction period, and adds it
assumes excess dividends to be partly distributed in Q4 2020 and
2021
    ** The brokerage ups Nordea  NDAFI.HE  to "buy" from
"neutral", citing the bank's above-sector capital buffer, and
keeps "buy" on Handelsbanken  SHBa.ST , SEB  SEBa.ST  and
Swedbank  SWEDa.ST 
    ** It says valuation gap, improved return on equity outlook
and scope for potential capital distribution will lead Nordea to
outperform over the next 12 months
    ** The brokerage keeps "neutral" on both DNB  DNB.OL  and
Danske  DANSKE.CO 

 ((joanna.wodzicka@tr.com))
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