Norne Securities will publish our preview before the banks reporting season for the first quarter. Presenting our view on the bank sector, the outlook for 2021 and our revised top picks in the bank sector.
About This Webinar
BACKGROUND: Norwegian Savings Banks - 1Q21 Sector Results Preview. The Norwegian savings banks are expected to continue to improve profitability thanks to good volume growth, laser focus on costs and solid non-interest income, while strengthening macro outlook and oil price should lead to further reduction in overall loan losses. The sentiment in the sector is also strengthened by an expected increase in the key policy rate later this year as well as solid additional dividends when dividend limits are lifted after September by the ECB. The savings banks OSEEX index already gained 15% YTD, probably largely pricing in the higher interest rates, thus investors need to be selective going forward. Our new Top Picks will be revealed.
Savings Banks - 1Q21 Sector report preview
Our Top Picks
Head Of Research at Norne Securities
Zilvinas Jusaitis #1 in Europe & the Nordics. Norne Securities' analyst Žilvinas Jusaitis, CFA received top Refinitive StarMine Analyst 2020 reward both in the category of Nordic Financial Services & European Banks! Moreover Žilvinas Jusaitis, CFA was also Number 2 in the Nordics on Estimates among all industries/all analysts!