Nordea
Nordea Bank Abp
Nordea is a Nordic banking group headquartered in Helsinki, Finland, and listed on Nasdaq Helsinki, Stockholm and Copenhagen. Its Equity Sales & Research unit covers about 300 Nordic companies within the largest research team in the Nordics.
Company history
Nordea grew out of a series of Nordic bank mergers: Finland's Merita, formed in 1995, combined with Sweden's Nordbanken in 1997, and in 2000 MeritaNordbanken merged with Denmark's Unidanmark and Norway's Christiania Bank og Kreditkasse, adopting the Nordea name. Its oldest predecessor bank dates to 1820. The group re-domiciled from Stockholm to Helsinki in October 2018, placing it under European Central Bank supervision.
- 1820Earliest predecessor, Sparekassen for Kjøbenhavn og Omegn, founded
- 1995SYP and KOP merge to form Merita Bank
- 1997Merita and Nordbanken merge as MeritaNordbanken
- 2000MeritaNordbanken, Unidanmark and Christiania Bank combine as Nordea
- 2018Re-domiciles from Stockholm to Helsinki
Research
Nordea Research has more than 130 analysts across equities, credit and macro, the largest research unit in the Nordics; equity research covers about 300 companies in more than 15 sectors. Stocks carry absolute Buy, Hold or Sell ratings set against the analyst's fair value estimate. As of April 2026, 60% of covered stocks were rated Buy, 35% Hold and 4% Sell.
Coverage12M
- Stocks
- 13
- Ratings
- 14
- Price targets
- 0
- Upgrades
- 9
- Downgrades
- 5
- Initiations
- 0
- Reiterations
- 0
- Positive46%6
- Neutral46%6
- Negative8%1
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
| SASALRF | Hold | — |
| AMAMBBY | Hold | — |
| AMAMKBY | Hold | — |
| ELELMUF | Buy | — |
 EQNREquinor ASA | Buy | — |
| FNFNNNF | Sell | — |
 FROFrontline Ltd. | Hold | — |
| GNGNGBY | Hold | — |
| HMHMNTY | Buy | — |
| HOHOEGF | Buy | — |
Recent actions
| Stock | Rating action | Rating | Date |
|---|---|---|---|
| Frontline Ltd.FRO | Downgrade | Hold | Aug 31 |
| GNGNGBY | Downgrade | Buy →Hold | Aug 31 |
| AMAMBBY | Downgrade | Hold | Aug 26 |
| SASALRF | Upgrade | Sell →Hold | Aug 26 |
| AMAMKBY | Upgrade | Sell →Hold | Aug 14 |
| SASALRF | Downgrade | Sell | Aug 13 |
| HOHOEGF | Upgrade | Buy | Aug 7 |
| KNKNYJY | Upgrade | Sell →Hold | Jul 23 |
| HXHXPLF | Upgrade | Buy | Jul 21 |
| HMHMNTY | Upgrade | Buy | Jul 21 |
| ELELMUF | Upgrade | Hold →Buy | Jul 16 |
| FNFNNNF | Downgrade | Sell | Jul 14 |
References
- Nordea - Wikipediaen.wikipedia.org
- Our history - Nordeanordea.com
- Research - Nordeanordea.com
- Nordea Equity Research report with rating definitions (April 2026)research.nordea.com
- First-quarter results 2026 - Nordeanordea.com