Jyske Full-Year Profit In Line: While Net Interest Income Generation Was Weak, Fees Were Supportive
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...
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