Jefferies lifts Nordea target to EUR 20.60. Nordea stock sits 17.52 percent below target.

Published on 10/07/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 profit was EUR 1.23 billion, up from EUR 1.22 billion. Nordea stock costs EUR 16.99 on October 7, 2026 versus EUR 17.05, down 0.35 percent.

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Nordea stock (ISIN FI4000297767) was at EUR 16.99 at Lang & Schwarz on October 7, 2026 at 9:46 a.m. CEST, down 0.35 percent versus the prior close of EUR 17.05. On October 6, Jefferies raised its Nordea price target from EUR 20.10 to EUR 20.60 and kept a Buy rating, according to Aktiencheck.

Jefferies sees EUR 20.60 target

The new target puts the price target 21.25 percent above the Lang & Schwarz price, calculated from EUR 20.60 and EUR 16.99. Jefferies analyst Alexander Demetriou said Nordea was the firm's only Buy recommendation among the Nordic banks in the October 6, 2026 outlook.

The valuation argument is selective rather than broad. Aktiencheck reported that Nordea traded at a price-to-earnings ratio about 20 percent above European Union peers despite comparable earnings growth. The same analysis cited improving return on equity, a potential Swedish recovery and the possibility of share-price recovery.

Q2 profit sets the earnings base

Nordea's second-quarter 2026 operating profit was EUR 1.61 billion, while return on equity reached 15.90 percent and assets under management rose to EUR 505 billion, according to Nordea.

Total income increased 4.00 percent year over year in the second quarter of 2026, while the bank's CET1 ratio stood at 15.70 percent. A separate earnings summary reported quarterly revenue of EUR 5.53 billion and net profit of EUR 1.23 billion, compared with EUR 5.51 billion and EUR 1.22 billion a year earlier, according to Business Insider.

Third-quarter date sets next test

Nordea plans to publish its third-quarter 2026 results on October 15, 2026, with the report scheduled for 6:30 a.m. CET and the webcast at 10:00 a.m. CET, according to Nordea. The bank's listed shares trade on Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm.

For investors, the October 15 release will test whether improving fee income and business volumes can offset pressure on net interest income and the valuation premium identified by Jefferies. That makes the EUR 20.60 target a view on earnings durability, not merely a chart level.

Nordea stock stays below target

Nordea stock was at EUR 16.99 at Lang & Schwarz on October 7, 2026 at 9:46 a.m. CEST, down 0.35 percent against the prior close of EUR 17.05. The Lang & Schwarz 52-week context in the October 6 quote showed a EUR 13.74 to EUR 18.11 range.

The further course of trading is shown by the continuously updated real-time quote of Nordea stock.