|Bid||110.50 x 0|
|Ask||110.60 x 0|
|Day's Range||109.65 - 110.85|
|52 Week Range||92.84 - 126.60|
|PE Ratio (TTM)||13.55|
|Forward Dividend & Yield||5.50 (5.56%)|
|1y Target Est||104.25|
The biggest Nordic bank is considering taking on the European Union’s top markets regulator after being handed a fine for providing credit ratings without a license. Nordea Bank AB, together with four other major Nordic banks, was called out by the European Securities and Markets Authority for selling so-called shadow ratings to corporate clients without permission. Nordea said on Monday that it discontinued shadow ratings in 2016, “although we disagree with ESMA” on the interpretation of the rules.
Concerns around trade tariffs sent European shares tumbling to a two-week low on Thursday as the U.S. prepared to announce hefty tariffs on Chinese imports. U.S. President Trump is expected to sign a presidential memorandum on tariffs targeting $60 billion of Chinese imports, at 1630 GMT. Investors were also eyeing a European Council meeting, with the European Union aiming to secure an exemption from U.S. tariffs on steel and aluminium imports set to come into force on Friday.
Sweden's Handelsbanken (SHBa.ST) reported fourth-quarter profit below expectations on Wednesday as loan losses stemming from the collapse of British construction and services group Carillion (CLLN.L) weighed heavily on results. Handelsbanken, one of Sweden's biggest mortgage lenders, is still a niche player in the UK but has been expanding steadily there and Britain now accounts for 13 percent of the group's revenue. While growth in Britain contributed positively, the earnings miss was wholly attributable to credit losses, and more than half of the group's total loan losses, 556 million crowns, were booked in its British business.