Danske Bank A/S Sponsored ADR (DNKEY)
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Danske Bank: Attractive Income Profile, But Upside Potential Seems Limited
Danske Bank shows strong fundamentals and attractive income potential, but declining profitability limits further valuation re-rating, shifting my recommendation from 'Buy' to 'Hold'. Despite resolving past AML issues and resuming dividends, Danske trades at a discount to peers, offering a forward dividend yield of 7.5%. Danske's revenues and earnings likely peaked, with limited growth ahead, making it a stable income play rather than a growth investment.
Danske Bank third-quarter net profit tops forecast
Denmark's biggest lender Danske Bank reported on Thursday third-quarter earnings above market expectations and raised its guidance for the full year.
Selling AUD: Danske Bank's Strategy Amid US Soft Landing Expectations
Danske Bank has issued a new strategic note suggesting that it's time to sell the Australian dollar (AUD, Financial) as the market has fully priced in a U.S. soft landing. A soft landing refers to the Federal Reserve's ability to lower inflation while avoiding a significant economic downturn.
Danske Bank reaches settlement in France after money laundering probe
Denmark's Danske Bank said on Wednesday it had reached an agreement with French authorities that in 2019 launched a probe into suspected money laundering by the bank in Estonia.
Danske Bank: Significant Capital Returns Ahead
Danske Bank reports positive Q2 earnings, exceeding market expectations and announcing higher capital returns, leading to a 7% share price increase. Strong financial performance in H1 2024 with increased net interest income and fee income, resulting in a 13% YoY increase in net income. With excess capital and plans to distribute significant dividends, Danske offers a sustainable high-dividend yield of 7% and an attractive valuation in the European banking sector.
Danske Bank: An Overdue Update, But Still A 'Hold'
Despite the recovery, Danske Bank's yield of 3.66% is below the Nordic bank average, impacting its overall attractiveness as an investment. Danske Bank has outperformed since the last article, generating a 4-year total TSR of ~145%. The bank has made significant changes to its fundamentals, resulting in improved financials and accelerated momentum in various sectors.
Danske Bank raises 2024 profit forecast
Danske Bank on Wednesday raised its net profit forecast for 2024 to a range of 21 billion to 23 billion Danish crowns ($3.01 billion-$3.30 billion) from between 20 billion and 22 billion crowns seen previously, citing strong credit quality.
