Nordea Bank Q2 Profit, AuM Rise, But Net Interest Income Down; Says Confident Of H2

Nordea Bank reported Q2 profit slightly higher year over year, supported by increased operating income despite ongoing market headwinds. Net interest income declined versus last year, but assets under management rose. Overall, the mix of stable profitability with weaker net interest is modestly supportive for the shares.

Analysis

Nordea Bank reported Q2 profit slightly higher year over year, supported by increased operating income despite ongoing market headwinds. Net interest income declined versus last year, but assets under management rose. Overall, the mix of stable profitability with weaker net interest is modestly supportive for the shares.