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DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 30th / 1832

BUZZ-DNB: Jumps after "a very good quarter"

Thu 24th October, 2019 8:31am
** Shares in Norwegian bank DNB  DNB.OL  up 5% after Q3
results and buyback announcement
    ** The company reports Q3 pretax profit up at NOK 7.62
billion  urn:newsml:reuters.com:*:nL5N2791B8
    ** According to Credit Suisse, DNB's pretax profit is 4%
above consensus mainly due to higher revenues and lower loan
loss provision which offset higher costs
    ** DNB has also announced new buyback programme of up to
0.5% of the bank's shares  urn:newsml:reuters.com:*:nFWN27901D
    ** Jefferies notes share buyback comes a quarter earlier
than it expected
    ** Q3 was a very good quarter, according to RBC
    ** The stock is set for the best days since April 2018 and
is among top performers on Stoxx 600  .STOXX 


 ((joanna.wodzicka@tr.com))
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