Nordea Third Quarter Lending Income Beats Estimates on Strong Activity

Nordea Bank Abp’s stock price hit its highest level ever after the lender reported an earnings beat and announced a new share buyback.

The Helsinki-based lender will start repurchasing stock worth as much as €250 million ($290 million) on Oct. 20, according to a statement on Thursday. It also disclosed third-quarter net interest income that exceeded the consensus analyst forecast.