0848 GMT - Nordea, Danske Bank and DNB Bank should be more resilient to further anticipated net interest income pressures than Nordic peers, Deutsche Bank analyst Marlene Eibensteiner writes. Nordic banks on average beat earnings expectations by 5% in the first quarter, with a 4% year-on-year bottom line decline. This was largely attributable to better-than-anticipated net interest income, costs and risk costs, with fees mostly in line. Eibensteiner highlights the region's strong asset quality and solid cost efficiency. Deutsche lifts Danske Bank's target to 270 Danish kroner from 254 kroner, keeping a buy rating. It raises DNB Bank's target to 259 Norwegian kroner from 251 kroner, keeping it at hold; and lifts Handelsbanken's target to 115 Swedish kronor from 111 kronor with a hold rating. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 04:48 ET (08:48 GMT)
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