Nordnet AB SAVE

Investing.com -- Goldman Sachs has highlighted a group of European capital-markets stocks it expects to benefit from improving private-market exits, record passive-investment flows and rising retail participation as investors head into the fourth quarter.

Investing.com -- Deutsche Bank initiated coverage of Nordic online brokerage and savings platform Nordnet with a "hold" rating and a SEK360 price target, while J.P. Morgan resumed coverage at "overweight" with a SEK401 target, highlighting a split view on whether the company’s growth prospects justify its valuation.

Nordnet (OM:SAVE) is expanding its fund offering and planning to launch its own exchange traded funds early next year across the Nordics and the soon to open German market. The Nordnet share price has slipped around 10% over the past month and roughly 8% over the past quarter, even though the year-to-date share price return is close to 22% and the 3-year total shareholder return is about 151%. This suggests that long-term momentum remains strong while near-term sentiment cools as the ETF...