DNB ASA logo

DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

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"

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.