Nordea Shares Sink as Analyst Downgrades Trigger Selloff
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Shares in Nordea Bank AB sank on Thursday after downgrades by analysts covering the stock frightened off investors.
Scandinavia’s biggest bank fell as much as 5.3 percent at one point -- the biggest decline since mid-March -- and was trading 5.2 percent lower at 74.45 kronor as of 1:37 p.m. in Stockholm. Trading volume was at more than 172 percent of the three-month average.