0654 GMT - DNB Bank's lower-than-expected net interest income and fees--its core revenue drivers--could be taken negatively by the market, Jefferies says in a research note. The Norwegian lender's third-quarter top line was dented by lower money market rates due to softer rates and partial repricing effects as well as the decline in investment banking fees due to seasonality and a lighter contribution from M&A, analysts Alexander Demetriou and Joseph Dickerson write. However, total revenue was 1% ahead of views as these effects were offset by stronger trading which led to a slightly better-than-expected net profit due to lighter costs and despite higher impairments, they add. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
October 22, 2025 02:56 ET (06:56 GMT)
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