Nordea shares tumble across Nordic markets after pause on buybacks

Nordea posted third-quarter earnings that matched market forecasts, with operating profit and net interest income near the predicted levels. Despite the solid performance, the bank announced it would suspend its share-repurchase programme until the European Central Bank clarifies its capital-model review, a process that may not be resolved until 2027. The announcement triggered a sharp sell-off, with the stock dropping noticeably on the Stockholm, Helsinki and Copenhagen exchanges.

The buyback pause was identified as the main driver of the price decline. The bank also noted a drop in net result from fair-value items and a slight reduction in net interest margin, while corporate lending and deposits continued to grow.