Danske Bank Second Quarter 2024 Earnings: Beats Expectations

Danske Bank (CPH:DANSKE) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr.14.3b (up 8.3% from 2Q 2023).
• Net income: kr.5.84b (up 17% from 2Q 2023).
• Profit margin: 41% (up from 38% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr.6.80 (up from kr.5.84 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Danske Bank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%.

Looking ahead, revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Banks industry in Denmark.

Performance of the Danish Banks industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

Be aware that Danske Bank is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com