Danske bank announced its Q4 16 earnings results this morning: Total income at DKK12.9bn was 7% above expectations and still 3.7% above when adjusted for total revenues for volatile trading and other income. Total expenses were 2.4% higher than expected but loan losses were a bit lower. All in all, profit before tax at DKK7.04bn was 35% higher than forecasts and 11% higher when stripping out trading and other revenues. The CET1 ratio at 16.3% is 50bp higher qoq (above management’s requi
02 Feb 2017
Strong set of results (P&L and capital)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong set of results (P&L and capital)
Danske Bank A/S (DANS:WBO) | 0 0 0.7% | Mkt Cap: 232,052m
- Published:
02 Feb 2017 -
Author:
Farhad Moshiri -
Pages:
3
Danske bank announced its Q4 16 earnings results this morning: Total income at DKK12.9bn was 7% above expectations and still 3.7% above when adjusted for total revenues for volatile trading and other income. Total expenses were 2.4% higher than expected but loan losses were a bit lower. All in all, profit before tax at DKK7.04bn was 35% higher than forecasts and 11% higher when stripping out trading and other revenues. The CET1 ratio at 16.3% is 50bp higher qoq (above management’s requi