HELSINKI/STOCKHOLM—Finland’s Nordea and Sweden’s Swedbank reported higher earnings for the third quarter on Thursday as banks across the region recovered strongly from the impact of the pandemic and shifted excess capital to shareholders.
Helped by the easing of restrictions, Nordic banks like their peers elsewhere in Europe have benefited from rising corporate and consumer activity while a glut of mergers and acquisitions (M&A) and initial public offerings (IPOs) has yielded rich pickings for their investment banking arms.
