Jyske Bank A/S (GB:0MGD) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Jyske Bank A/S has raised its profit forecast for 2024, now expecting a net profit of DKK 5.0bn-5.3bn and earnings per share of DKK 75-80, a notable increase from its previous projection. This optimistic outlook is due to strong financial market conditions and a decline in market rates, which have resulted in significant value adjustments in the third quarter. Additionally, the bank has maintained solid credit quality with loan impairment charges resulting in income.
For further insights into GB:0MGD stock, check out TipRanks’ Stock Analysis page.
