Nordea Pencils In Buybacks for 2025, Disappointing Market.

Nordea Bank Abp has announced that it is in talks with the European Central Bank to resume share buybacks in early 2025, disappointing investors who were expecting new capital return this year. The bank has already bought back €5.5 billion worth of its own stock since late 2021. Nordea's second-quarter report showed record profits, benefiting from high interest rates. However, the bank's net interest income in the second quarter fell short of estimates, while income from fees and commissions exceeded expectations. Nordea is also facing legal challenges, as Danish police have charged the bank in a money laundering case. The bank could potentially face a significant fine, although it has set aside funds for the penalty. [Extracted from the article]

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