Ålandsbanken has reiterated its positive outlook on Nordea Bank, which last week unveiled new financial targets.

"Despite strong returns over the past year, we continue to see potential for a higher valuation and improved earnings growth in the coming years. We maintain a positive view on the stock," writes Ålandsbanken.

Among Nordea's new objectives is a target to achieve a return on equity exceeding 15 percent throughout the period, with a significantly higher figure projected for 2030.