2025 Q3 -tulosraportti
56 päivää sitten38 min
24,00 DKK/osake
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2,77 %Tuotto/v
Tarjoustasot
Nasdaq Copenhagen
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Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
-VWAP
Alin
-Vaihto ()
VWAP
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Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 5.2.2026 |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 29.10. | |
| 2025 Q2 -tulosraportti | 19.8. | |
| 2025 Q1 -tulosraportti | 7.5. | |
| 2024 Q4 -tulosraportti | 26.2. | |
| 2024 Q3 -tulosraportti | 29.10.2024 |
Datan lähde: Quartr, FactSet
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·20 t sittenChristmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).
·12 t sittenHave shoveled larger and larger amounts into the stock. Cannot see a better defensive bet than this stock. Maybe other bank stocks, but I am perfectly satisfied here. I am particularly happy with the mortgage credit part, which provides a stable income base. I have no idea where the top is, but as you mentioned, the upcoming earnings should be able to be channeled directly or indirectly into further price increases. However, I could well imagine a slightly larger dividend and slightly fewer buybacks.- ·19.12.What one needs to realize with jyske bank is that the mortgage credit division, home loans, fees here etc. account for almost 50% of all revenues. And with a housing market on speed, we must expect that the revenues from this will rather increase than decrease. Also remember that contribution rates continuously tick in, and they are related to the size of the debt, so the bottom cannot fall out of the turnover - at all. The more one borrows, the more contribution rate to the bank. Interest-only periods also significantly extend the earnings profile ;) And so it goes on. There is therefore a prospect - I believe - that a continued share buyback program will come. Perhaps with a small pause, as it probably needs to be decided at a general meeting or something. If mortgage interest rates fall, it will simply add more fuel to the housing part of the business. The only cloud on the horizon is immediately if both mortgage and ECB interest rates rise. But there will still be good earnings in the very short term anyway, as it doesn't take effect so quickly. Everything indicates that there will be 4-5 billion in profit next year as well. Personally, I believe we will hit a share price of 1,000 around March and then we must hope for a new buyback porgram, but from there the wild linear increases should probably flatten out. In fact, the last month has been a bit exponential.
·20.12.You are right. As long as there is no rising interest rate from ecb, continued employment growth and rising housing prices, Jyskebank will be a stable and positive investment. Their buyback programs are very sensible and good for the shareholders. Jyskebank is a good defensive player in the stock market from a Danish perspective. 
·19.12.Millionærklubben Wednesday 17/12 - Jens Løgstrup on Jyske Bank.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q3 -tulosraportti
56 päivää sitten38 min
24,00 DKK/osake
Viimeisin osinko
2,77 %Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·20 t sittenChristmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).·12 t sittenHave shoveled larger and larger amounts into the stock. Cannot see a better defensive bet than this stock. Maybe other bank stocks, but I am perfectly satisfied here. I am particularly happy with the mortgage credit part, which provides a stable income base. I have no idea where the top is, but as you mentioned, the upcoming earnings should be able to be channeled directly or indirectly into further price increases. However, I could well imagine a slightly larger dividend and slightly fewer buybacks.
- ·19.12.What one needs to realize with jyske bank is that the mortgage credit division, home loans, fees here etc. account for almost 50% of all revenues. And with a housing market on speed, we must expect that the revenues from this will rather increase than decrease. Also remember that contribution rates continuously tick in, and they are related to the size of the debt, so the bottom cannot fall out of the turnover - at all. The more one borrows, the more contribution rate to the bank. Interest-only periods also significantly extend the earnings profile ;) And so it goes on. There is therefore a prospect - I believe - that a continued share buyback program will come. Perhaps with a small pause, as it probably needs to be decided at a general meeting or something. If mortgage interest rates fall, it will simply add more fuel to the housing part of the business. The only cloud on the horizon is immediately if both mortgage and ECB interest rates rise. But there will still be good earnings in the very short term anyway, as it doesn't take effect so quickly. Everything indicates that there will be 4-5 billion in profit next year as well. Personally, I believe we will hit a share price of 1,000 around March and then we must hope for a new buyback porgram, but from there the wild linear increases should probably flatten out. In fact, the last month has been a bit exponential.·20.12.You are right. As long as there is no rising interest rate from ecb, continued employment growth and rising housing prices, Jyskebank will be a stable and positive investment. Their buyback programs are very sensible and good for the shareholders. Jyskebank is a good defensive player in the stock market from a Danish perspective.
- ·19.12.Millionærklubben Wednesday 17/12 - Jens Løgstrup on Jyske Bank.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
-VWAP
Alin
-Vaihto ()
VWAP
Ylin
-Alin
-Vaihto ()
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 5.2.2026 |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 29.10. | |
| 2025 Q2 -tulosraportti | 19.8. | |
| 2025 Q1 -tulosraportti | 7.5. | |
| 2024 Q4 -tulosraportti | 26.2. | |
| 2024 Q3 -tulosraportti | 29.10.2024 |
Datan lähde: Quartr, FactSet
2025 Q3 -tulosraportti
56 päivää sitten38 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 5.2.2026 |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 29.10. | |
| 2025 Q2 -tulosraportti | 19.8. | |
| 2025 Q1 -tulosraportti | 7.5. | |
| 2024 Q4 -tulosraportti | 26.2. | |
| 2024 Q3 -tulosraportti | 29.10.2024 |
Datan lähde: Quartr, FactSet
24,00 DKK/osake
Viimeisin osinko
2,77 %Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·20 t sittenChristmas peace is truly starting to settle, and one can - almost - tie a knot on the past year. Personally, I heavily invested in financial stocks about five years ago with the expectation that there would be a re-pricing of the sector. It took a little longer than I had imagined, but 2025 truly became the year when the market realized that banks should no longer be traded significantly below intrinsic value and at P/E ratios that are really only reserved for companies heading for bankruptcy. Just a few examples of how the market looked as of 31.12.2023: • Jyske Bank: Price 484 corresponding to P/B of 0.73 and P/E 4.33 (measured on Q4 2023) • Skjern Bank: Price 143.50 corresponding to P/B of 0.87 and P/E of 5.08 (measured on Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0.66 and P/E of 3.36 (measured on Q4 2023) • Vestjysk Bank: Price 3.89 corresponding to P/B of 0.74 and P/E of 3.36 (measured on Q4 2023) And one could continue like this for all the listed banks. The interesting question is whether bank stocks were undervalued then, or if they are overvalued today, two years later. My conclusion is quite clear: Bank stocks were treated as high-risk securities due to their checkered past during the financial crisis, even though there are no indications of significant losses on the banks' loans. All signs point to better credit quality all around. The Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. Unlike other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is being litmus-tested by the industry itself. Here, it has repeatedly shown that the multiples at which competitors are willing to trade a bank have been at a significant premium compared to the market. The market has naturally reacted with a re-pricing. Also to an extent that several of the banks, in my view, are now fairly valued. I have previously described the paradox that everyone believes the consolidation wave will continue, but no one sees themselves as the bank that will be acquired. I have also previously mentioned the FOMO that must exist in some executive corridors, where the choices one faces, simplified, must be “eat or be eaten.” At the same time, the boards are facing the “problem” that we could see coming several years ago: The otherwise ever-increasing capital requirements have now - broadly across the industry – been met. Therefore, the boards must decide how the ongoing profit should be distributed: To shareholders in the form of (1) dividends and/or (2) share buybacks or consolidation (possibly to prepare for an acquisition). The best defense against an acquisition, in my assessment, will be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid for it. The very best signal of a shareholder-friendly strategy is share buybacks. Jyske Bank has had the relatively largest buyback program in 2025. I know that many other factors are at play than share buybacks, but I would advise everyone to graph the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on April 2, 2025). A ruler can almost be placed on the price. I believe that the share buyback has had a huge influence on this. When we get to the annual reports and the banks' announcements of expectations for 2026, we know that from a historical perspective, they will announce conservatively. But the aspect I will look for most when the annual reports are presented is the distribution of the 2025 profit, and thus whether, and if so how much, the banks will allocate to buyback programs. Danske Bank, Jyske Bank, Ringkjøbing Landbobank, Sparekassen Sjælland-Fyn, Skjern Bank, and Djurslands Bank have all been well underway in 2025. The same was true for Sydbank before the merger with Arbejdernes Landbank and Vestjysk Bank. But now that capital requirements are even more met by all banks, it will be interesting to see if other managements and boards will join the buyback wave. My own expectations for 2026 are: Stabilized or slightly increasing net interest and fee income (based on larger lending) for most banks. Unchanged losses. And then I believe it will become increasingly clear that size - in this area - matters. The large banks will continue to distance themselves from the small ones in terms of cost management (to be continued).·12 t sittenHave shoveled larger and larger amounts into the stock. Cannot see a better defensive bet than this stock. Maybe other bank stocks, but I am perfectly satisfied here. I am particularly happy with the mortgage credit part, which provides a stable income base. I have no idea where the top is, but as you mentioned, the upcoming earnings should be able to be channeled directly or indirectly into further price increases. However, I could well imagine a slightly larger dividend and slightly fewer buybacks.
- ·19.12.What one needs to realize with jyske bank is that the mortgage credit division, home loans, fees here etc. account for almost 50% of all revenues. And with a housing market on speed, we must expect that the revenues from this will rather increase than decrease. Also remember that contribution rates continuously tick in, and they are related to the size of the debt, so the bottom cannot fall out of the turnover - at all. The more one borrows, the more contribution rate to the bank. Interest-only periods also significantly extend the earnings profile ;) And so it goes on. There is therefore a prospect - I believe - that a continued share buyback program will come. Perhaps with a small pause, as it probably needs to be decided at a general meeting or something. If mortgage interest rates fall, it will simply add more fuel to the housing part of the business. The only cloud on the horizon is immediately if both mortgage and ECB interest rates rise. But there will still be good earnings in the very short term anyway, as it doesn't take effect so quickly. Everything indicates that there will be 4-5 billion in profit next year as well. Personally, I believe we will hit a share price of 1,000 around March and then we must hope for a new buyback porgram, but from there the wild linear increases should probably flatten out. In fact, the last month has been a bit exponential.·20.12.You are right. As long as there is no rising interest rate from ecb, continued employment growth and rising housing prices, Jyskebank will be a stable and positive investment. Their buyback programs are very sensible and good for the shareholders. Jyskebank is a good defensive player in the stock market from a Danish perspective.
- ·19.12.Millionærklubben Wednesday 17/12 - Jens Løgstrup on Jyske Bank.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Copenhagen
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
-VWAP
Alin
-Vaihto ()
VWAP
Ylin
-Alin
-Vaihto ()
Välittäjätilasto
Dataa ei löytynyt