Nordea Profit Misses Expectations
Nordea reported a four percent drop in third quarter operating profit missing market forecasts. The lender warned that sharp rises in interest rates could weigh on consumer confidence and loan demand in coming months.
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Nordea Bank Abp reported a 4% fall in operating profit to €1.54 billion ($1.73 billion) in the third quarter, missing analyst expectations of €1.63 billion.
