2025 Q3 -tulosraportti
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| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
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Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 6.2. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 4.11.2025 | |
| 2025 Q2 -tulosraportti | 14.8.2025 | |
| 2025 Q1 -tulosraportti | 1.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 | |
| 2024 Q3 -tulosraportti | 7.11.2024 |
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Kirjaudu
·23.12.2025The Christmas peace is soon truly settling in, and one can - almost - tie a knot on the year that passed. 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 the ditch. 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 in Q4 2023) • Skjern Bank: Price 143,50 corresponding to P/B of 0,87 and P/E of 5,08 (measured in Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0,66 and P/E of 3,36 (measured in Q4 2023) • Vestjysk Bank: Price 3,89 corresponding to P/B of 0,74 and P/E of 3,36 (measured in 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 banks' lending. All signs point to better credit quality all around. The Danish Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. In contrast to other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is 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 opinion, 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 will, in my assessment, be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid the price 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 there are many other factors at play than share buybacks, but I would advise everyone to draw a graph of the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on 2. April 2025 from). A ruler can almost be placed on top of 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 momentum I will be looking 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 have been met to an even greater extent 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 (continued)
·10 t sittenThanks AndersFJ for a sober and thorough review. It's really great to find such gems here in the jungle of more or less irrelevant Shareville posts. Greetings from someone who came too late into the banks/was one of those who didn't trust the industry, but who nevertheless managed to get a decent profit in Sydbank and Vestjysk Bank - and who has now jumped over to SFJ, Jyske Bank and Danske Bank
·29.10.2025The question now is when will focus come to SJF as well. ??
·18.12.2025I believe that SJF is interesting for more than just Jyske. I can easily see the new version of Danske Bank taking a shine to SJF. But management and shareholders will not be easy to convince…. Considering how little we use branches for anything, it's simply about "buying customers" depending on how much profit they are estimated to be able to generate.- ·15.9.2025Is something going on here? Acquisition, takeover? The share is up about 7% in a week. Other bank shares are more or less flat in the same period. The increase in SJF Bank even comes in a week when Novo announces 5,000 layoffs - and SJF bank is "Novo Land".
·23.6.2025Can you imagine SJF Bank using the funds from the sale of Nordfyns Bank to further buy up Møn and Lollands Bank? They are both priced very low compared to the sale price they received for Nordfyns, and these are probably the banks they have in their sights.
·4.7.2025That could easily be done.·4.7.2025This actually happened when they registered as a major shareholder in Møns Bank on 27/6.
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
Vain PDF
74 päivää sitten
10,00 DKK/osake
Viimeisin osinko
2,58%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
- ·23.12.2025The Christmas peace is soon truly settling in, and one can - almost - tie a knot on the year that passed. 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 the ditch. 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 in Q4 2023) • Skjern Bank: Price 143,50 corresponding to P/B of 0,87 and P/E of 5,08 (measured in Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0,66 and P/E of 3,36 (measured in Q4 2023) • Vestjysk Bank: Price 3,89 corresponding to P/B of 0,74 and P/E of 3,36 (measured in 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 banks' lending. All signs point to better credit quality all around. The Danish Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. In contrast to other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is 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 opinion, 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 will, in my assessment, be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid the price 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 there are many other factors at play than share buybacks, but I would advise everyone to draw a graph of the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on 2. April 2025 from). A ruler can almost be placed on top of 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 momentum I will be looking 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 have been met to an even greater extent 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 (continued)·10 t sittenThanks AndersFJ for a sober and thorough review. It's really great to find such gems here in the jungle of more or less irrelevant Shareville posts. Greetings from someone who came too late into the banks/was one of those who didn't trust the industry, but who nevertheless managed to get a decent profit in Sydbank and Vestjysk Bank - and who has now jumped over to SFJ, Jyske Bank and Danske Bank
- ·29.10.2025The question now is when will focus come to SJF as well. ??·18.12.2025I believe that SJF is interesting for more than just Jyske. I can easily see the new version of Danske Bank taking a shine to SJF. But management and shareholders will not be easy to convince…. Considering how little we use branches for anything, it's simply about "buying customers" depending on how much profit they are estimated to be able to generate.
- ·15.9.2025Is something going on here? Acquisition, takeover? The share is up about 7% in a week. Other bank shares are more or less flat in the same period. The increase in SJF Bank even comes in a week when Novo announces 5,000 layoffs - and SJF bank is "Novo Land".
- ·23.6.2025Can you imagine SJF Bank using the funds from the sale of Nordfyns Bank to further buy up Møn and Lollands Bank? They are both priced very low compared to the sale price they received for Nordfyns, and these are probably the banks they have in their sights.·4.7.2025That could easily be done.·4.7.2025This actually happened when they registered as a major shareholder in Møns Bank on 27/6.
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
616
Myynti
Määrä
576
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 13 | - | - | ||
| 5 | - | - | ||
| 4 | - | - | ||
| 42 | - | - |
Ylin
387,5VWAP
Alin
381VaihtoMäärä
10,3 26 789
VWAP
Ylin
387,5Alin
381VaihtoMäärä
10,3 26 789
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 6.2. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 4.11.2025 | |
| 2025 Q2 -tulosraportti | 14.8.2025 | |
| 2025 Q1 -tulosraportti | 1.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 | |
| 2024 Q3 -tulosraportti | 7.11.2024 |
2025 Q3 -tulosraportti
Vain PDF
74 päivää sitten
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
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 6.2. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 4.11.2025 | |
| 2025 Q2 -tulosraportti | 14.8.2025 | |
| 2025 Q1 -tulosraportti | 1.5.2025 | |
| 2024 Q4 -tulosraportti | 7.2.2025 | |
| 2024 Q3 -tulosraportti | 7.11.2024 |
10,00 DKK/osake
Viimeisin osinko
2,58%Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·23.12.2025The Christmas peace is soon truly settling in, and one can - almost - tie a knot on the year that passed. 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 the ditch. 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 in Q4 2023) • Skjern Bank: Price 143,50 corresponding to P/B of 0,87 and P/E of 5,08 (measured in Q4 2023) • Nordfyns Bank: Price 274 corresponding to P/B of 0,66 and P/E of 3,36 (measured in Q4 2023) • Vestjysk Bank: Price 3,89 corresponding to P/B of 0,74 and P/E of 3,36 (measured in 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 banks' lending. All signs point to better credit quality all around. The Danish Financial Supervisory Authority's scenario analyses on robustness also confirm that this is a solid industry. In contrast to other industries, we as bank shareholders have been favored in recent years by the fact that the market's valuation is 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 opinion, 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 will, in my assessment, be a high valuation, which is best achieved through a shareholder-friendly strategy. Nordfyns Bank's management chose the opposite strategy – and paid the price 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 there are many other factors at play than share buybacks, but I would advise everyone to draw a graph of the price of Jyske Bank shares over the past year (and subtract the temporary consequence of Trump's “Liberation Day” on 2. April 2025 from). A ruler can almost be placed on top of 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 momentum I will be looking 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 have been met to an even greater extent 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 (continued)·10 t sittenThanks AndersFJ for a sober and thorough review. It's really great to find such gems here in the jungle of more or less irrelevant Shareville posts. Greetings from someone who came too late into the banks/was one of those who didn't trust the industry, but who nevertheless managed to get a decent profit in Sydbank and Vestjysk Bank - and who has now jumped over to SFJ, Jyske Bank and Danske Bank
- ·29.10.2025The question now is when will focus come to SJF as well. ??·18.12.2025I believe that SJF is interesting for more than just Jyske. I can easily see the new version of Danske Bank taking a shine to SJF. But management and shareholders will not be easy to convince…. Considering how little we use branches for anything, it's simply about "buying customers" depending on how much profit they are estimated to be able to generate.
- ·15.9.2025Is something going on here? Acquisition, takeover? The share is up about 7% in a week. Other bank shares are more or less flat in the same period. The increase in SJF Bank even comes in a week when Novo announces 5,000 layoffs - and SJF bank is "Novo Land".
- ·23.6.2025Can you imagine SJF Bank using the funds from the sale of Nordfyns Bank to further buy up Møn and Lollands Bank? They are both priced very low compared to the sale price they received for Nordfyns, and these are probably the banks they have in their sights.·4.7.2025That could easily be done.·4.7.2025This actually happened when they registered as a major shareholder in Møns Bank on 27/6.
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
616
Myynti
Määrä
576
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 13 | - | - | ||
| 5 | - | - | ||
| 4 | - | - | ||
| 42 | - | - |
Ylin
387,5VWAP
Alin
381VaihtoMäärä
10,3 26 789
VWAP
Ylin
387,5Alin
381VaihtoMäärä
10,3 26 789
Välittäjätilasto
Dataa ei löytynyt