John Armitage On Nordea Bank And Ocwen: Boring Is Good

Ira Sohn London: John Armitage, Chief Investment Officer of Egerton Capital Trade Idea: Nordea Bank AB (STO:NDA-SEK) and Ocwen Financial Corp (NYSE:OCN) Price Target: Valuation: Themes: John Armitage on Nordea Bank Low-risk stock enjoys a leading position in the Nordic region. No 1 or 2 bank in every country within Scandinavia. Banking peer Sampoo brought 21% of Nordea Bank AB (STO:NDA-SEK) and controls a large part of the company. Sampoo likes boring, boring is good, has achieved great returns during the past few years, low income volatility. Now imposing the same upon Nordea. Nordea Bank AB (STO:NDA-SEK)’s lowest ROE during the…