Nordnet, SE0015192067

Nordnet stock gains 1.17 percent after SEK 250 million buyback

Published on 10/04/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordnet stock posted adjusted Q2 revenue growth of 26 percent to SEK 1.6 billion. Deutsche Bank set a SEK 360 target and J.P. Morgan SEK 401 on September 30.

Schwarzweiß-Reportagefoto eines Anlegers, der Börsendiagramme am Laptop analysiert — Nordnet AB (ISIN SE0015192067) inspiriert diese Schwarzweiß-Reportage eines Anlegers vor Börsendiagrammen am Laptop, Illustration mit AI erstellt.

Nordnet stock (ISIN SE0015192067) was last at SEK 346 on Nasdaq Stockholm on October 2, 2026, up 1.17 percent on the session. The latest market catalyst is a share buyback capped at SEK 250 million, while new analyst coverage has split on the valuation.

Buyback sets the catalyst

Nordnet announced on September 21, 2026, that repurchases could run through December 23, 2026, with a maximum value of SEK 250 million. The shares are to be bought on Nasdaq Stockholm and are expected to be canceled.

The program covers up to ten percent of outstanding shares under the applicable rules. Nordnet had 248,561,399 ordinary shares when the program was announced, giving the capital-return decision a clearly defined scale.

Q2 results show operating leverage

According to Yahoo Finance in its September 30, 2026 report, Nordnet's adjusted Q2 revenue rose 26 percent year over year to SEK 1.6 billion. Adjusted operating expenses increased 11 percent to SEK 440 million.

The same Q2 account put adjusted profit before tax at SEK 1.2 billion, up 33 percent year over year. Net interest income reached SEK 675 million, a 12.3 percent increase from the prior-year quarter, adding another measurable support to earnings quality.

Analysts disagree on valuation

Yahoo Finance reported on September 30, 2026, that Deutsche Bank began coverage with a hold rating and a SEK 360 price target, while J.P. Morgan resumed coverage with an overweight rating and a SEK 401 target.

That spread matters against the October 2 price. Deutsche Bank's target is SEK 14 above the last price, while J.P. Morgan's target is SEK 55 higher, reflecting different assumptions about customer growth, trading activity and the planned German launch.

The next scheduled interim report is October 22, 2026, according to Nordnet. That report will provide the next concrete test for the competing valuation views.

Stock snapshot stays measurable

Nordnet stock was last at SEK 346 on Nasdaq Stockholm on October 2, 2026, at 5:30 p.m. CEST, with a 52-week range of SEK 257.60 to SEK 384 and market capitalization of SEK 86.0 billion. Volume reached 339,298 shares, giving investors a precise reference for the buyback and analyst debate.