Report
Derya Guzel
EUR 101.80 For Business Accounts Only

Jyske is a pure Danish play with exposure to the mortgage market and a diversified client base.

We maintain our no-moat and stable moat trend ratings for Jyske, along with our fair value estimate of DKK 380 per share. With 9% upside potential, shares currently trade in the 3-star category. The firm saw a DKK 453 million provision reversal during the year, which represented a threefold increase compared with the prior year and significantly boosted net income of DKK 3.1 billion.
On the revenue side, in line with our estimate, operating profit was stable versus last year. Within revenue-gene...
Underlying
Jyske Bank A/S

Jyske Bank is a commercial bank. Co. operates in four segments: banking activities, which comprise personal advisory service in relation to financial solutions including lease and financing activities; mortgage activities, which comprise financial solutions for the financing of real property; Trading and investment, which targets Danish and international investors and includes investment advisory service and asset management including money-market transactions and trading in foreign exchange, bonds, equities, commodities and derivatives; and other.As of Dec. 31, 2014, total assets and total deposits were DKK541,679,000,000 and DKK152,693,000,000 respectively.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Derya Guzel

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