Danske Bank up after Q1 beat

Danske Bank A/S

02/05/2025 08:08

** Shares in Danske Bank DANSKE.CO rise 3% to their highest since later March after the Danish lender reported Q1 net profit above expectations and reaffirmed its 2025 outlook

** Danske posts a quarterly net profit of 5.76 billion Danish crowns ($873 million), against 5.31 billion crowns expected on average by analysts

** "Delivery on NII, fees and costs is solid with all lines coming in slightly better than expected," says J.P.Morgan

** "Given the slightly better than expected core revenues and low loan loss provisions (DKK50mn/1bp), we could see low single digit upgrades to consensus estimates post 1Q25," the brokerage adds

($1 = 6.5906 Danish crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.gosciak@thomsonreuters.com))