Novo Nordisk, Eli Lilly fall after Trump comments on weight loss drug pricing
COPENHAGEN - Jyske Bank has raised its earnings forecast for 2025, now expecting a net profit of 4.9-5.3 billion Danish kroner, equivalent to earnings per share of 77-84 kroner, the Danish lender announced Thursday.
The upgraded outlook represents a significant increase from the bank’s previous guidance, which projected net profit at the upper end of a 3.8-4.6 billion kroner range, with earnings per share at the upper end of 60-73 kroner.
Jyske Bank reported that its net profit for the first nine months of 2025 reached 3.99 billion kroner, demonstrating strong financial performance that contributed to the revised forecast.
The bank attributed the improved outlook to "broadly based positive development," citing favorable financial markets, strong credit quality, high activity levels in asset management, and customer growth in priority segments.
Financial data from the first three quarters showed net interest income of 6.63 billion kroner, down 9% from the same period in 2024. However, net fee and commission income increased by 13% to 2.07 billion kroner, while trading income rose 7% to 956 million kroner.
The bank’s loan portfolio stood at 572.9 billion kroner at the end of the third quarter, with mortgage loans accounting for 375.9 billion kroner of the total. Deposits amounted to 201.3 billion kroner, slightly down from 209.4 billion kroner a year earlier.
Jyske Bank’s full third-quarter report is scheduled for release on October 29, according to the press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.