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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 £24.25bn
Enterprise Value £55.92bn
Revenue £4.98bn
Position in Universe 29th / 1828

BUZZ-Nordic Banks: CS starts Handelsbanken, DNB with "outperform"

Mon 19th October, 2020 7:59am
** Credit Suisse initiates coverage of the six major Nordic
banks, evaluating the sub-sector through country footprint,
business model and strong capital
    ** Broker prefers country exposure for Norway and Sweden,
seeing structurally more attractive margins across mortgages and
non-financial corporate loans, then Denmark and Finland
    ** CS sees mortgage exposure and fee growth as likely
winners, and likes fee income to be supported by asset
management where commission is less volatile
    ** CS prefers strongly capitalized banks with "no strings
attached", or unencumbered by ongoing anti-money
laundering-related investigations or possible erosion from
spiking cost of risk
    ** The broker starts Handelsbanken  SHBa.ST  and DNB
 DNB.OL  with "outperform", says DNB, Nordea and SEB offer the
highest 2021 capital returns 
    ** It starts Swedbank  SWEDa.ST , Nordea Bank  NDAFI.HE  
and SEB  SEBa.ST  with "neutral" and Danske Bank  DANSKE.CO 
with "underperform"
    

 ((marta.frackowiak@thomsonreuters.com))
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