Overview
Denmark's Jyske Bank expects 2025 net profit of c. DKK 5.4 bln, up from prior estimates
Company attributes improved outlook to high activity levels and favorable financial markets
Net interest income for 2025 decreased to DKK 8.8 bln from DKK 9.5 bln in 2024
Outlook
Jyske Bank expects 2025 net profit to be DKK 5.4 bln, up from DKK 4.9-5.3 bln
Company projects 2025 earnings per share at DKK 85, up from DKK 77-84
Improved outlook driven by positive market developments and high activity levels
Result Drivers
NET FEE INCOME - Jyske Bank's net fee and commission income increased to DKK 3.0 bln, up from DKK 2.7 bln in 2024
VALUE ADJUSTMENTS - Value adjustments rose to DKK 1.4 bln from DKK 1.1 bln, contributing positively to results
CORE EXPENSES - Core expenses increased to DKK 6.6 bln from DKK 6.4 bln, slightly impacting core profit
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Profit After Tax
DKK 5.41 bln
FY Net Interest Income
DKK 8.84 bln
FY Net Fee & Commission Income
DKK 3.04 bln
FY Pretax Profit
DKK 7.26 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "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 DKK818.00, about 7.4% below its January 13 closing price of DKK883.50
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNE86pYVJ
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(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.)