Danske Bank Confirms 2025 Guidance as NII Beats Forecasts
Danske Bank A/S, the largest lender in Denmark, confirmed its full-year guidance following a solid first quarter, driven by better-than-expected net interest income and strong credit quality.
The Copenhagen-based bank reported net interest income — or the difference Danske earns from lending and pays for deposits — of 9.02 billion kroner ($1.4 billion), compared with an average analyst estimate of 8.9 billion kroner.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Nasdaq, S&P 500 close higher on trade hopes
Both the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) closed slightly higher on Monday; the Dow Jones Industrial Average (^DJI) was flat. Trade talks between the US and China have investors hopeful that a deal could be struck between the two nations. Learn more about today's trading in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Musk's feud with Trump reveals one ugly truth about Tesla stock
You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The very public spat that has erupted between Tesla (TSLA) CEO Elon Musk and president Donald Trump has sent shares of the EV maker on a wild, wild ride. Shares are off by 15% over the last five sessions as investors fear Trump will take aim at Musk's various lines of business. Musk also being out of Trump's inner circle also runs counter to the bull thesis that circled Tesla's stock post election. But the dustup between the two powerbrokers brings to light a major problem for Tesla's stock as Musk tries to jumpstart a sagging EV business. There is a big disconnect between Tesla's valuation and what's happening underneath the surface. For example, Tesla's stock is up 12% since October 2022 – yet, consensus EPS estimates for 2025, 2026 and 2027 have plunged 77%, 70% and 71% since then according to new research from JP Morgan auto analyst Ryan Brinkman. Further, the stock is valued at a significant premium to the broader market despite Trump likely doing away with EV tax credits soon. The tax credit has been a driver of Tesla's sales and profits. EV subsidies represent about 52% of Tesla's current profits, Brinkman estimates. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms All right. Welcome to a new episode of The Opening Bid Podcast. I'm Yahoo! Finance executive editor, Brian Sozzi. And this is our stock of the day. Let's get a minute on that clock. Uh, of course, we're going to start with the Elon Musk feud with President Trump, continuing to unfold, has quieted down a little bit, but nonetheless, it's something to be following because it has impacted Tesla stock. Uh, shares are down by 15% over the last five sessions. Uh, of course, when the president, uh, won the presidency, there was this thought that Elon would help, uh, you know, his closeness or proximity to the president would help get auto taxis approved, and everybody would be using robots. Now that thesis has unwound, as Musk is clearly not in the Trump inner circle. But this is highlighted, uh, this feud has highlighted really two problems with Tesla stock. First, uh, the valuation of the stock versus reality. Uh, have to give a shout out to Ryan Brinkman at JP Morgan. Uh, he notes that, uh, Tesla stock is up 12% since October 22. Yet, consensus EPS estimates, I mean, these are shocking to clients, for 2025, next year and 2027 have plunged by 77%, 70%, and 71%, respectively. These are huge declines at a time where Tesla stock is still high. And the problem number two, as I mentioned, is in fact the valuation. Tesla stock valued about 140 times forward estimated earnings. Uh, the S&P 500 is about 22 times. And if President Trump rolls back those EV tax credits, like, uh, it is expected because of his big beautiful bill, um, Tesla could lose a lot of profits. Brinkman estimates EV subsidies represent about 52% of Tesla's core profits, uh, and theoretically, all those profits would go up in smoke. That's our stock of the day on The Opening Bid Podcast.
Yahoo
18 minutes ago
- Yahoo
How major US stock indexes fared Monday, 6/9/2025
U.S. stocks drifted closer to their record as the world's two largest economies begin talks on trade that could help avoid a recession. The S&P 500 rose 0.1% Monday and is 2.3% below the record it reached in February. The Dow Jones Industrial Average was flat, and the Nasdaq composite rose 0.3%. Markets are waiting to hear what comes of trade talks between the United States and China taking place in London. Treasury yields slipped after a survey suggested consumers' expectations for coming inflation eased. Chinese stocks rose, while indexes were mixed across the rest of Asia and Europe. On Monday: The S&P 500 rose 5.52 points, or 0.1%, to 6,005.88. The Dow Jones Industrial Average fell 1.11 points, or less than 0.1%, to 42,761.76. The Nasdaq composite rose 61.28 points, or 0.3%, to 19,591.24. The Russell 2000 index of smaller companies rose 12.20 points, or 0.6%, to 2,144.45. For the year: The S&P 500 is up 124.25 points, or 2.1%. The Dow is up 217.54 points, or 0.5%. The Nasdaq is up 280.44 points, or 1.5%. The Russell 2000 is down 85.71 points, or 3.8%. Sign in to access your portfolio
