Danske Bank announced this morning its numbers for Q2 18. Total income at DKK10.9bn is 7% short of expectations (10% below our expectations) driven by a weak quarter in terms of trading as well as a disappointing level of net interest income (-3% versus expectations). Total expenses were also higher than expected at DKK5.8bn (+2% above expectations). Profit before loan losses was therefore 15% below expectations. The CET1 ratio at 15.9% is 40bp lower qoq (but in line with expectations). Regar
18 Jul 2018
Disappointing P&L numbers...the Estonian matter won't help...
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Disappointing P&L numbers...the Estonian matter won't help...
Danske Bank A/S (DANS:WBO) | 0 0 0.7% | Mkt Cap: 232,052m
- Published:
18 Jul 2018 -
Author:
Farhad Moshiri -
Pages:
3
Danske Bank announced this morning its numbers for Q2 18. Total income at DKK10.9bn is 7% short of expectations (10% below our expectations) driven by a weak quarter in terms of trading as well as a disappointing level of net interest income (-3% versus expectations). Total expenses were also higher than expected at DKK5.8bn (+2% above expectations). Profit before loan losses was therefore 15% below expectations. The CET1 ratio at 15.9% is 40bp lower qoq (but in line with expectations). Regar