Nordea stock: JLPascual sets EUR 22.70 target for Nordea stock

Published on 10/20/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 return on equity was 15.10 percent on October 15, 2026. Nordea stock costs EUR 15.68 on October 20, 2026, up 0.90 percent versus Tradegate close.

Analyst target and results

JLPascual set a EUR 22.70 target and a Buy rating on October 19, 2026.
Nordea reported 15.10 percent return on equity and EUR 1.54 billion operating profit for the third quarter of 2026.
Nordea stock costs EUR 15.68 at Lang & Schwarz on October 20, 2026 at 4:34 p.m. CEST, 0.90 percent above the Tradegate close of October 19, 2026.
Nordea lists January 27, 2027 as its next earnings date.

3D-Rendering eines generischen gläsernen Bank-Towers bei Dämmerung, unbrandet — Nordea Bank Abp (FI4000297767): Architektur-Render eines generischen Bank-Towers in der Abenddämmerung, unbrandet, modern, Illustration mit AI erstellt.

JLPascual upgraded Nordea Bank Abp to Buy and set a EUR 22.70 price target on October 19, 2026, according to Markets Insider. The target is 44.77 percent above Nordea stock at EUR 15.68 at Lang & Schwarz on October 20, 2026 at 4:34 p.m. CEST, or 0.90 percent above the Tradegate close of October 19, 2026.

Target follows resilient results

The analyst action followed Nordea third-quarter results published on October 15, 2026. Nordea reported return on equity of 15.10 percent, compared with 15.80 percent in the third quarter of 2025, while operating profit fell 4.00 percent year over year to EUR 1.54 billion. Diluted earnings per share came in at EUR 0.35, down from EUR 0.36.

The operating picture was mixed within the quarter. Total operating income rose 2.00 percent year over year to EUR 2.97 billion, while net fee and commission income increased 9.00 percent to EUR 880.00 million. Net fair value income fell 19.00 percent to EUR 198.00 million amid interest-rate volatility.

Stock position and bank metrics

Nordea reported assets under management of EUR 509.40 billion at September 30, 2026, up 13.00 percent from a year earlier. Corporate lending increased 8.00 percent and corporate deposits rose 7.00 percent over the same period. The CET1 ratio stood at 15.80 percent, 1.90 percentage points above the regulatory requirement.

The Stockholm-listed share was SEK 173.90 at 4:41 p.m. CEST on October 20, 2026, up 1.08 percent from the prior close. The market capitalization was SEK 590.2 billion, and the price-to-earnings ratio was 11.34 at that timestamp. These figures describe the Nasdaq Stockholm quotation and are separate from the euro quote used in this report.

Next reporting date

Nordea maintained its 2026 outlook for return on equity above 15.00 percent and a cost-to-income ratio of 44.00 to 45.00 percent. Its dividend policy targets a payout ratio of 60.00 to 70.00 percent of annual profit. MarketScreener lists January 27, 2027 as the next earnings release date for Nordea.

What the target implies

The EUR 22.70 target leaves a wide gap to the Lang & Schwarz euro price, while the third-quarter figures show a bank with stable income growth but lower operating profit. For investors, the central contrast is between 9.00 percent growth in fee income and a 4.00 percent decline in operating profit.

Nordea stock stays below target

Nordea stock was trading at EUR 15.68 at Lang & Schwarz on October 20, 2026 at 4:34 p.m. CEST, 0.90 percent above the Tradegate close of October 19, 2026.

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