Nordea's second-quarter operating profit in line with expectations (updated)
UPDATE 1-Nordea's second-quarter operating profit in line with expectations Adds results in paragraphs 2-3, outlook in paragraph 4
July 16 (Reuters) - Finland's Nordea Bank NDAFI.HE reported second-quarter operating earnings broadly in line with market estimates on Thursday and said it is making good progress in implementing its 2030 strategy.
The Nordic region's biggest lender posted operating profit up 1% from a year ago to 1.61 billion euros ($1.85 billion).
Analysts had on average expected a profit of €1.62 billion, according to LSEG data.
Nordea said it continues to expect a return on equity of greater than 15% for 2026, while now forecasting a cost-to-income ratio of 44-45%, narrowed from a previous estimate of around 45%.
(Reporting by Elviira Luoma, editing by Matt Scuffham)
((Elviira.luoma@thomsonreuters.com; +48 58 769 66 46))
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