Nordnet shares slide after Q2 core profit miss

Nordnet AB (publ)

18/07/2025 08:42

** Shares in Nordnet SAVE.ST fall around 5% after the Swedish online broker reported a second-quarter adjusted operating profit that slightly missed market expectations

** J.P.Morgan notes the result of SEK 893 million missed consensus by 1%, driven by a 6% shortfall in commission income that was only partly offset by stronger-than-expected net interest income

** The broker also points out that the profit miss was cushioned by operating expenses coming in 2% lower than consensus, showing good cost control

** Nordnet also guided for full-year net interest income of around SEK 2.3 billion, which is about 2% above current consensus forecasts, JPM adds

** The stock is heading for its biggest one-day drop since April if losses hold

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))