[ad_1]
Tuesday there was It is time for Jyske Bank to present its latest quarterly figures. Net interest income amounted to DKK 1,407 million, which is 2% lower than analysts 'forecasts, at DKK 1,438 million, according to Infront Datas' compilation of at least three estimates.
The turnover amounted to DKK 2 135 million, which is higher than the forecast at KD 1 996 million. The pre-tax profit however reached 762 million DKK, or 800 million DKK more than expected, according to the compilation Infront Datas.
They predicted credit losses in turn, it went from DKK 27 million in the second quarter to DKK 104 million in the third quarter.
"The increase is mainly due to write-downs within the business sector," writes Jyske Bank.
In a quick comment The big bank Citi wrote that Jyske's quarterly figures were generally weaker than expected and therefore they were counting on a downward revision of earnings estimates pulled by the net lower interest rate.
The report was received with terror on the Copenhagen Stock Exchange and shortly before 11 am, the stock had declined by 9.5%. Since the beginning of the year, the stock has now lost nearly 25%.
Source link
