Jyske Bank Boosts 2024 Profit Forecast

Jyske Bank A/S (GB:0MGD) has released an update.

Jyske Bank A/S has raised its net profit forecast for 2024 to DKK 5.0-5.3 billion, translating to a per-share profit of 75-80 DKK, up from the previously expected upper half of DKK 4.3-5.1 billion. This positive adjustment is attributed to favorable financial markets, especially decreasing market interest rates that led to significant adjustments in the third quarter, while maintaining a solid credit quality with loan loss provisions resulting in income. The bank’s Q1-Q3 interim report for 2024 will be published on October 29, 2024.

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