Jyske Bank climbs 7% after 'strong' Q1

Jyske Bank A/S

07/05/2025 08:56

** Shares in Jyske Bank JYSK.CO rise around 7% to their highest since late March after the Danish lender's Q1 core income beat market expectations

** Q1 core income was DKK 3,229 million ($491.90 million), 3% ahead of estimates in a company-provided consensus

** The strong Q1 performance came from higher-than-expected net interest income, outperformance in commission income, positive market performance in financial items, and effective cost control, says SEB note

** Jyske Bank maintained its guidance but "the broad-based beats should justify share price gains, and we anticipate a positive tailwind for consensus EPS revisions," the broker adds

** If gains hold, the stock will see its biggest one-day rise since June 2022

($1 = 6.5643 Danish crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))