DNB Bank Earnings to Decline Further -- Market Talk

Dow Jones
2025/07/14

1235 GMT - DNB Bank reported a weaker-than-expected second quarter with UBS expecting a further 10% earnings decline ahead as rates normalize, analyst Johan Ekblom writes. The company missed consensus pretax expectations by 4.4% on the back of a revenue that was 2% weaker than expected and 18% higher loan losses. Revenue misses were broad-based, in net interest income, fee income and trading. With Norges Bank's recent rate cut not yet reflected in pricing, UBS sees further revenue declines ahead. "We continue to see absolute downside for shares, both on earnings and multiple, and reiterate our sell rating." UBS lowers its price target on the stock to 242 Norwegian kroner from 249 kroner. Shares rise 1.8% to 264.10 kroner. (dominic.chopping@wsj.com)

 

(END) Dow Jones Newswires

July 14, 2025 08:35 ET (12:35 GMT)

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