- Danske Bank reported a pretax profit of DKK7.59 billion, surpassing estimates of DKK7.21 billion.
- Northern Ireland Division’s pretax profit came in at DKK602 million, exceeding the forecasted DKK484.5 million.
- The bank’s net income reached DKK5.76 billion, higher than the estimated DKK5.41 billion.
- Northern Ireland’s net income was DKK934 million, beating the expected DKK903.3 million.
- Net interest income from Northern Ireland totaled DKK805 million, above the expected DKK765.7 million.
- Danske Bank’s earnings per share (EPS) was DKK6.90, compared to an estimate of DKK6.47.
- The results were attributed to stable core income and controlled costs, along with strong capital and liquidity positions.
- The bank maintained strong credit quality, resulting in low loan impairments.
- Strong business customer activity contributed to stable core banking income and higher net trading income.
- Market analysts have given Danske Bank 16 “buy” ratings, 7 “hold” ratings, and 3 “sell” ratings.
A look at Danske Bank A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Danske Bank A/S, a Danish banking group encompassing various subsidiaries, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With strong scores in areas such as Dividend and Value, the company is displaying solid qualities that investors typically look for in a reliable investment. Additionally, its above-average scores in Growth and Momentum indicators suggest potential for future expansion and market performance.
While Danske Bank A/S is rated slightly lower in Resilience, its overall scorecard indicates a promising future ahead. The company’s diverse range of financial services, including insurance, mortgage, and asset management, positions it well to capitalize on opportunities in both domestic and international markets. As a key player in the banking sector serving various customer segments, Danske Bank A/S continues to demonstrate stability and potential for growth in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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