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

Nordea is a banking services group with four main business areas:

• Retail Banking, which contributes 38.9% of revenues;
• Corporate Banking at 29.2%;
• Institutional and Large Corporate Banking at 20.2%; and
• Asset and Wealth Management at 11.7%.

The bank's income is diversified across different regions, with Finland accounting for 24.9%, Sweden for 27.3%, Denmark for 26.5%, Norway for 17.5%, and other regions for 3.8%. This distribution highlights Nordea's strong presence in the Nordic banking sector, positioning it well for future growth.