Danske Bank released it Q2 15 earnings results. Total revenues are in line with consensus (DKK10,968m vs DKK10,896m) but profit before tax is 20% higher than expected (DKK5.874m vs DKK4,929m). The net profit target has been revised upwards as management expects 2015 earnings to top DKK16bn. Basel III CET1 is at 13.3% or 30bp higher than in Q1 15.
