Nordea Shares Drop as Lending Income, Capital Disappoint

Nordea Bank Abp income from lending fell for a fifth consecutive quarter after continued interest-rate cuts by central banks dented second-quarter earnings, weighing on the shares.

The Helsinki-based lender on Thursday reported a net interest income that decreased 6% from a year earlier to €1.80 billion ($2.1 billion), in line with the average analyst estimate of €1.81 billion.