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Danske Bank A/S DANSKE Stock Quote

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Morningstar‘s Stock Analysis DANSKE

Currency in DKK
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Capital Allocation


Danske Misses Consensus Due to Market Volatility; Maintain Fair Value Estimate

Niklas Kammer, CFA Equity Analyst

Business Strategy and Outlook

| Niklas Kammer, CFA |

Danske Bank is a stable and conservatively run bank that follows a sound expansion strategy in the Nordics. However, uncertainties about fines related to the EUR 200 billion of potentially fraudulent transactions that flowed through its Estonian branch from 2007 to 2015 put significant pressure on its share price. We think the market largely overacts as there is little information to go on, which is typically not liked by investors. We expect fines by European regulators to be about DKK 3 billion, which Danske can absorb with excess capital of about DKK 9.5 billion on hand. Fines by U.S. regulators are potentially more severe, but also less likely.

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Key Statistics DANSKE

Company Profile DANSKE

Business Description

Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.

Holmens Kanal 2-12
Copenhagen, DK-1092, Denmark
T +45 33440000
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 21,663