Barclays cuts target for Nordea stock to EUR 14.50

Published on 10/22/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 operating profit was EUR 1,541 million on October 15, 2026. Nordea stock stood at EUR 15.42 on October 22, 2026 during trading.

Nordea earnings and analyst view

Barclays cut its Nordea target to EUR 14.50 on October 21, 2026.
Nordea reported EUR 1,541 million in third-quarter operating profit on October 15, 2026.
Nordea stock traded at EUR 15.42 at 9:36 a.m. CEST at Lang & Schwarz on October 22, 2026.

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Nordea stock (ISIN FI4000297767) was trading at EUR 15.42 at Lang & Schwarz on October 22, 2026 at 9:36 a.m. CEST. According to MarketScreener on October 21, 2026, Barclays cut its price target for Nordea from EUR 15.00 to EUR 14.50 and reiterated an underweight rating.

Third-quarter numbers stay resilient

Nordea's latest results provide the operating backdrop for the analyst move. In its release dated October 15, 2026, Nordea reported third-quarter total operating income of EUR 2,968 million, up 2 percent from EUR 2,910 million a year earlier.

The quarter also showed a clear split between growth and profitability. Net fee and commission income increased 9 percent year over year to EUR 880 million, while operating profit fell 4 percent to EUR 1,541 million. Earnings per share were EUR 0.35, compared with EUR 0.36 in the third quarter of 2025.

What does the target cut mean?

The revised Barclays target sits below the Lang & Schwarz price, making the analyst view a counterweight to Nordea's operating progress. The target change followed a quarter in which return on equity reached 15.1 percent and the cost-to-income ratio was 45.0 percent, according to the company release.

Nordea maintained its 2026 outlook for return on equity above 15 percent and a cost-to-income ratio of 44-45 percent, excluding regulatory fees. Assets under management rose 13 percent year over year to EUR 509 billion, while corporate lending increased 8 percent and deposits rose 7 percent.

The next results date

The next dated reporting event is January 27, 2027, listed as Nordea's Q4 2026 earnings release by MarketScreener. Until then, the key test is whether volume growth can offset pressure on lending margins while profitability remains above the 15 percent return-on-equity target.

Nordea stock at the latest quote

Nordea is listed on Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm. At Lang & Schwarz, Nordea stock was trading at EUR 15.42 on October 22, 2026 at 9:36 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Nordea stock.