Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.

Välittäjätilasto

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Yhtiötapahtumat

Datan lähde: FactSet, Quartr

Seuraava tapahtuma
2026 Q1 -tulosraportti 6.5.

Menneet tapahtumat
2025 Q4 -tulosraportti 5.2.
2025 Q3 -tulosraportti 29.10.2025
2025 Q2 -tulosraportti 19.8.2025
2025 Q1 -tulosraportti 7.5.2025
2024 Q4 -tulosraportti 26.2.2025

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Shareville

Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.

Kirjaudu

AndersFJ
22 t sitten
·
AndersFJ
22 t sitten
·
I had actually promised myself that you would be spared further input from me – at least until we hit the latter part of May, when the Q1 financial reporting is over. But two major exciting developments have hit the Danish banking world this week: Nykredit's acquisition of BEC and Nordea's financial reporting (or more specifically a special element in the quarterly report). I don't actually have a qualified opinion on the member banks under BEC selling their minority interests to Nykredit. I don't know the details of the agreement well enough for that. But my first impulse was a wonder, however, that they are now putting all their eggs in one basket – both as providers of Totalkredit products – but now also by letting Nykredit be responsible for and own the entire data platform. The revenues, which today have led to upward adjustments at BEC, are by their nature one-off, and these revenues often provide the most benefit in the short term… The detail in Nordea's financial report is, in my view, actually more interesting, as it focuses on one of the two areas that I would pay attention to this reporting season. Nordea chose to reverse the management estimate for losses, which as of 31.12.2025 was 160 million euro, so that as of 31.03.2026 it amounts to 0 euro. The reversal actually only amounted to 0.3% of Nordea's market capitalization, so why is it interesting? Two reasons: (1) In reality, it is an expression that Nordea stands by their ordinary valuation of loans, i.e., there is no need for further action when their ordinary processes are followed. Could other banks be imagined to follow this logic? (2) For the other banks, the provision for losses based on management estimate does not only constitute 0.3% of the market value. I have combed through all annual reports to assess the management estimate as of 31.12.2025 in relation to both the announced expected result for 2026 and the current market value. In other words, if other banks fully or partially follow Nordea's example, will it then also just be a detail for nerds? The answer is a resounding no. Where Nordea's management estimate as of 31.12.2025 amounted to 0.3% of the market value, this is how it looks for some selected other banks (in relation to current market value at close 26.04.2026): - Kreditbanken 9,8% - Føroya Banki 5,2% - Hvidbjerg Bank 4,1% - Djurslands Bank 3,8% - Skjern Bank 3,5% - Jyske Bank 3,1% If one looks at the provision in relation to the median of the announced expectations for the annual result after tax: - Kreditbanken 115,3% - Hvidbjerg Bank 56,4% - Føroya Banki 54,8% In comparison, Nordea's now reversed provision was 3.3% in relation to their realized result for 2025. I acknowledge that different banks have different prerequisites and operate in different markets – but it will be exciting to see if any of the other banks will follow Nordea's example – perhaps later in the year. In that case, the upward adjustments at several Danish banks, which have been announced today as a result of the sale of ownership interests in BEC, will not be the last of the year…
andpou
1 päivä sitten
·
andpou
1 päivä sitten
·
Can we expect a small upward revision when they present the financial report? The guidance was probably on the cautious side.
AndersFJ
11.4.
·
AndersFJ
11.4.
·
While we wait… While Q1 in the Danish banking market in isolation has been quite undramatic, the same period on the geopolitical scene has been the exact opposite. Therefore, most of us have probably also experienced larger ripples in our portfolios than what has been pleasant. And uncertainty will probably be a loyal companion for a while yet. The cherished hope is that reason prevails – if not sooner, then at least in connection with the midterm elections in the USA. It is precisely in these tumultuous periods that the advantage of being a long-term investor shows itself. And I see nothing that – yet – impacts the banks' earnings. Interest rate expectations have shifted a bit – but only in an upward direction as a result of rising inflation. It is only if we start to see entire industries having supply problems, which further down the road can result in losses for the banks, that I will begin to reconsider my clear overweight in banks. We are – in my layman's assessment – far from that yet. But it will be interesting to see if some of the banks in the Q1 quarterly report feel tempted to further increase the discretionary loss buffer. Or if they merely reallocate the existing buffer for the 117th time – this time to “uncertainty regarding the situation in Iran”. Believe me, I am an advocate for a degree of prudence in business management, but in some places, we are starting to approach a level where directors find it hard not to describe the basis for the estimate without smiling. In my world, there will always be risks associated with ordinary operations – and loss provisions on actual loans should reflect that. In my work as an auditor, across all sorts of industries, I have had discussions with various CFOs and CEOs about loss provisions on debtors, which for banks would correspond to loan losses. It is always entertaining to have these discussions when both parties know well that it is one of the items in the financial statements best suited to adjust the annual result with. I do not suspect Danish banks of earnings management – I just hope that the estimated provision has soon reached a level where there is no need to do more. I boldly begin this post by saying that the quarter has been undramatic. This is naturally not how it has been experienced by the employees in the Danish banks who have been affected by the layoffs that were announced and implemented in the quarter. Nevertheless, it is precisely this moment that, for me as an investor, is most crucial in the remainder of 2026: Will we already in the 2026 quarterly reports be able to see the efficiency gains via AI materialize in costs? I am not so naive as to expect to see anything noticeable already in the first half-year – but at the slightest indication that further down the road there could be a 5-10-15% efficiency gain to be had, then we are in a scenario where banks, in my view, need to be repriced – significantly so. So when the first banks later this month publish the results for Q1, the first figure I will look at is operating costs compared to previous periods. The large banks will naturally be the first to move on this agenda – and my expectation/hope is that we, without a magnifying glass, can trace a little already in the Q3 quarterly report. My strength as an investor, however, is patience, so if we have to wait a couple more quarters, it will be fine. Then I will just have to settle for the 10% return on my investment in the meantime… Happy earnings season out there! I would actually have stopped the post here, but from time to time I receive inquiries from you, friends, or colleagues about my current favorite investment, so I can perhaps preempt some of these inquiries by being transparent about my Top 5: 1. Jyske Bank 2. SJF Bank (could something interesting be brewing?) 3. Kreditbanken (how long can it go under the radar?) 4. Dansk Bank 5. AL Sydbank
MrFalk
1 päivä sitten
·
MrFalk
1 päivä sitten
·
I repeatedly experience that people don't understand how simple the Jyske Bank case is compared to many other banks. It's actually strange when the heavyweight Løgstrup explains it again and again. I therefore don't understand why it is falling now. I solely attribute it to the reason that people are chasing faster horses.
MrFalk
8.4.
·
MrFalk
8.4.
·
I'm a bit shocked that jyske isn't rising more. I have a European bank etf that's up 6% today.
Luhanga
8.4.
·
Luhanga
8.4.
·
That sounds a bit like a spoiled comment. Enjoy the case. It's the long trend that is exciting here. And still attractive on multiples. It's probably the best stock on Danish ground in the coming months.
NyPs3
23.3.
NyPs3
23.3.
Tämä julkaisu on poistettu.
Kendo invest
23.3.
·
Kendo invest
23.3.
·
Where do you have those claims from?

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.

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Tuotteita joiden kohde-etuutena tämä arvopaperi

2025 Q4 -tulosraportti

79 päivää sitten

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2,83%Tuotto/v

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Shareville

Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.

Kirjaudu

AndersFJ
22 t sitten
·
AndersFJ
22 t sitten
·
I had actually promised myself that you would be spared further input from me – at least until we hit the latter part of May, when the Q1 financial reporting is over. But two major exciting developments have hit the Danish banking world this week: Nykredit's acquisition of BEC and Nordea's financial reporting (or more specifically a special element in the quarterly report). I don't actually have a qualified opinion on the member banks under BEC selling their minority interests to Nykredit. I don't know the details of the agreement well enough for that. But my first impulse was a wonder, however, that they are now putting all their eggs in one basket – both as providers of Totalkredit products – but now also by letting Nykredit be responsible for and own the entire data platform. The revenues, which today have led to upward adjustments at BEC, are by their nature one-off, and these revenues often provide the most benefit in the short term… The detail in Nordea's financial report is, in my view, actually more interesting, as it focuses on one of the two areas that I would pay attention to this reporting season. Nordea chose to reverse the management estimate for losses, which as of 31.12.2025 was 160 million euro, so that as of 31.03.2026 it amounts to 0 euro. The reversal actually only amounted to 0.3% of Nordea's market capitalization, so why is it interesting? Two reasons: (1) In reality, it is an expression that Nordea stands by their ordinary valuation of loans, i.e., there is no need for further action when their ordinary processes are followed. Could other banks be imagined to follow this logic? (2) For the other banks, the provision for losses based on management estimate does not only constitute 0.3% of the market value. I have combed through all annual reports to assess the management estimate as of 31.12.2025 in relation to both the announced expected result for 2026 and the current market value. In other words, if other banks fully or partially follow Nordea's example, will it then also just be a detail for nerds? The answer is a resounding no. Where Nordea's management estimate as of 31.12.2025 amounted to 0.3% of the market value, this is how it looks for some selected other banks (in relation to current market value at close 26.04.2026): - Kreditbanken 9,8% - Føroya Banki 5,2% - Hvidbjerg Bank 4,1% - Djurslands Bank 3,8% - Skjern Bank 3,5% - Jyske Bank 3,1% If one looks at the provision in relation to the median of the announced expectations for the annual result after tax: - Kreditbanken 115,3% - Hvidbjerg Bank 56,4% - Føroya Banki 54,8% In comparison, Nordea's now reversed provision was 3.3% in relation to their realized result for 2025. I acknowledge that different banks have different prerequisites and operate in different markets – but it will be exciting to see if any of the other banks will follow Nordea's example – perhaps later in the year. In that case, the upward adjustments at several Danish banks, which have been announced today as a result of the sale of ownership interests in BEC, will not be the last of the year…
andpou
1 päivä sitten
·
andpou
1 päivä sitten
·
Can we expect a small upward revision when they present the financial report? The guidance was probably on the cautious side.
AndersFJ
11.4.
·
AndersFJ
11.4.
·
While we wait… While Q1 in the Danish banking market in isolation has been quite undramatic, the same period on the geopolitical scene has been the exact opposite. Therefore, most of us have probably also experienced larger ripples in our portfolios than what has been pleasant. And uncertainty will probably be a loyal companion for a while yet. The cherished hope is that reason prevails – if not sooner, then at least in connection with the midterm elections in the USA. It is precisely in these tumultuous periods that the advantage of being a long-term investor shows itself. And I see nothing that – yet – impacts the banks' earnings. Interest rate expectations have shifted a bit – but only in an upward direction as a result of rising inflation. It is only if we start to see entire industries having supply problems, which further down the road can result in losses for the banks, that I will begin to reconsider my clear overweight in banks. We are – in my layman's assessment – far from that yet. But it will be interesting to see if some of the banks in the Q1 quarterly report feel tempted to further increase the discretionary loss buffer. Or if they merely reallocate the existing buffer for the 117th time – this time to “uncertainty regarding the situation in Iran”. Believe me, I am an advocate for a degree of prudence in business management, but in some places, we are starting to approach a level where directors find it hard not to describe the basis for the estimate without smiling. In my world, there will always be risks associated with ordinary operations – and loss provisions on actual loans should reflect that. In my work as an auditor, across all sorts of industries, I have had discussions with various CFOs and CEOs about loss provisions on debtors, which for banks would correspond to loan losses. It is always entertaining to have these discussions when both parties know well that it is one of the items in the financial statements best suited to adjust the annual result with. I do not suspect Danish banks of earnings management – I just hope that the estimated provision has soon reached a level where there is no need to do more. I boldly begin this post by saying that the quarter has been undramatic. This is naturally not how it has been experienced by the employees in the Danish banks who have been affected by the layoffs that were announced and implemented in the quarter. Nevertheless, it is precisely this moment that, for me as an investor, is most crucial in the remainder of 2026: Will we already in the 2026 quarterly reports be able to see the efficiency gains via AI materialize in costs? I am not so naive as to expect to see anything noticeable already in the first half-year – but at the slightest indication that further down the road there could be a 5-10-15% efficiency gain to be had, then we are in a scenario where banks, in my view, need to be repriced – significantly so. So when the first banks later this month publish the results for Q1, the first figure I will look at is operating costs compared to previous periods. The large banks will naturally be the first to move on this agenda – and my expectation/hope is that we, without a magnifying glass, can trace a little already in the Q3 quarterly report. My strength as an investor, however, is patience, so if we have to wait a couple more quarters, it will be fine. Then I will just have to settle for the 10% return on my investment in the meantime… Happy earnings season out there! I would actually have stopped the post here, but from time to time I receive inquiries from you, friends, or colleagues about my current favorite investment, so I can perhaps preempt some of these inquiries by being transparent about my Top 5: 1. Jyske Bank 2. SJF Bank (could something interesting be brewing?) 3. Kreditbanken (how long can it go under the radar?) 4. Dansk Bank 5. AL Sydbank
MrFalk
1 päivä sitten
·
MrFalk
1 päivä sitten
·
I repeatedly experience that people don't understand how simple the Jyske Bank case is compared to many other banks. It's actually strange when the heavyweight Løgstrup explains it again and again. I therefore don't understand why it is falling now. I solely attribute it to the reason that people are chasing faster horses.
MrFalk
8.4.
·
MrFalk
8.4.
·
I'm a bit shocked that jyske isn't rising more. I have a European bank etf that's up 6% today.
Luhanga
8.4.
·
Luhanga
8.4.
·
That sounds a bit like a spoiled comment. Enjoy the case. It's the long trend that is exciting here. And still attractive on multiples. It's probably the best stock on Danish ground in the coming months.
NyPs3
23.3.
NyPs3
23.3.
Tämä julkaisu on poistettu.
Kendo invest
23.3.
·
Kendo invest
23.3.
·
Where do you have those claims from?