1334 GMT - Shares in Nordic banks are trading lower but are still performing notably better than the Stoxx 600 Banks Index given their lesser exposure to U.S. tariffs compared with continental peers, Citi says in a research note. Their outperformance is broadly warranted, analysts write, adding that the drop across the sector is also seemingly driven by a positioning unwind as European banks until recently screened as the most loved. Danish bank Danske has faced the hardest hit, though this seems overdone given bulk of Danish exports to the U.S. are already produced there, limiting any tariff impact, they note. Still, DNB and Nordea are better placed to weather any headwinds. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 09:34 ET (13:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。