UBS has increased its target price for Nordea Bank Abp to SEK 144, while maintaining a Buy rating on the stock.

Nordea is a banking services group with a diverse income structure. Personal banking contributes 38.9% of total income, followed by business banking at 29.2%, institutional and large corporate banking at 20.2%, and assets and wealth management at 11.7%.

Geographically, Nordea's income is distributed across multiple countries, with Sweden accounting for 27.3%, Denmark at 26.5%, Finland at 24.9%, Norway at 17.5%, and other regions contributing 3.8%. This demonstrates Nordea's strong presence in the Nordic region, positioning it well for future growth opportunities.