0656 GMT - Danske Bank shares should react positively to first-quarter earnings, JPMorgan analysts Sofie Peterzens and Kian Abouhossein write. The bank reported first quarter net income of 5.76 billion kroner, 8% ahead of Infront consensus. Delivery on net interest income, fees and costs is solid, with all lines coming in slightly better than expected, they say. Danske reiterates its targets and guidance of net income of 21 billion-23 billion kroner in 2025 versus consensus of 21.4 billion kroner. "Given the slightly better-than-expected core revenues and low loan loss provisions, we could see low single-digit upgrades to consensus estimates." JPMorgan expects the results to be taken well, especially the capital beat, and expects a positive share-price reaction. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 02:56 ET (06:56 GMT)
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