DNSKF - Danske Bank: Significant Capital Returns Ahead
2024-07-21 02:36:44 ET
Summary
- Danske Bank reports positive Q2 earnings, exceeding market expectations and announcing higher capital returns, leading to a 7% share price increase.
- Strong financial performance in H1 2024 with increased net interest income and fee income, resulting in a 13% YoY increase in net income.
- With excess capital and plans to distribute significant dividends, Danske offers a sustainable high-dividend yield of 7% and an attractive valuation in the European banking sector.
Danske Bank A/S ( OTCPK:DNSKF ) has reported a positive operating performance in Q2, plus its excess capital position allows it to distribute significant dividends over the next couple of years....
Danske Bank: Significant Capital Returns Ahead