1058 GMT - Danske Bank had a good start to the year with strong customer activity driving a 5% pre-provision beat and a return on equity of 13.3%, Jefferies analyst Alexander Demetriou writes. Revenues beat, with net interest income and fees both 2% better than expected. Costs were slightly better with the 2025 guidance and cost target reaffirmed. Asset quality remained strong and capital continues to build with a common equity tier 1 ratio of 18.4%, 60 basis points ahead of consensus. Net profit of 5.76 billion Danish kroner was 9% ahead of consensus. Jefferies rates Danske Bank at hold with a 234 kroner price target. Shares rise 4% to 238.80 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 06:58 ET (10:58 GMT)
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