Denmark's Jyske Bank lifts 2026 profit guidance

Jyske Bank A/S

12/10/2026 10:29

Overview
Denmark lender raised 2026 net profit and EPS guidance, citing strong customer activity
Net profit for first nine months of 2026 was DKK 3.68 bln
Net interest income dipped slightly, while fee income rose in first nine months

Outlook
Jyske Bank raises 2026 net profit outlook to DKK 4.7bln-5.2bln from DKK 4.3bln-5.1bln
Company now sees 2026 EPS at DKK 78-87, up from prior DKK 71-85 range
Company says upgraded outlook reflects strong customer activity and solid credit quality

Result Drivers
CUSTOMER ACTIVITY - Co said strong customer activity contributed to improved results and upgraded guidance
CREDIT QUALITY - Co attributed results to continued solid credit quality
FEE INCOME - Co reported higher net fee and commission income for the period

Company press release: ID:nGNE5YQRgy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Profit After Tax
 
DKK 3.68 bln
 
9M Net Interest Income
 
DKK 6.59 bln
 
9M Net Fee & Commission Income
 
DKK 2.23 bln
 
9M Pretax Profit
 
DKK 4.98 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Jyske Bank A/S is DKK1,170.00, about 8.6% above its October 9 closing price of DKK1,077.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 9 - Tallinna Kaubamaja Q3 revenue rises on car segment growth
Oct 9 - Ex-Deutsche Bank top trader's rate-rigging conviction quashed
Oct 9 - Germany wants seat on ECB's executive board, finance minister says

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)