2026 Q3 - tulosraportti
16 päivää sitten
‧38 min
3,50 DKK/osake
Viimeisin osinko
0,85%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 15 | ||
| 10 | ||
| 4 | ||
| 8 | ||
| 13 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 5.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 14.8. | ||
2026 Q1 - tulosraportti 7.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 30.10.2025 |
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
·31.10.Q3 BANK REPORTS - WHAT TRENDS CAN BE SPOTTED? This is neither a recommendation nor a complete analysis - rather just some observations based on the reported Q3 bank reports for Danske Bank, Nordea, Jyske Bank and Skjern Bank. The observations are made at a time when tech stocks are falling sharply - and the doomsday prophets have started to appear. I may well have an opinion on this dimension, but it is no more qualified than your own, so the below is solely based on the Q3 reports of the mentioned banks. Despite all market participants emphasizing the fierce competition among banks at the moment (and I have no basis to doubt this), it surprisingly appears that net interest income has bottomed out for this time. Danske Bank's net interest income is all-time high, Skjern Bank has historically only had one quarter that was better (Q4 2023), while the turnaround is also clear at Jyske Bank. Nordea's development is lagging slightly behind, but the turnaround has happened. With continued rising lending (though stagnating at Jyske Bank), it must be expected that the coming quarters will be quite favorable for us bank investors on the top line of the income statement. The interest rate hike that has already taken place is expected to begin hitting harder in the coming period. Note by the way that the analysis published by Danske Bank last Thursday on SJF Bank (which resulted in a nice increase for SJF Bank) has built-in an estimate with an increase in net interest income of 23.7% from 2026 to 2027. We naturally cannot use isolated analyses to conclude on the entire industry - but I believe there is consensus on higher top lines. Here it is worth noting a single factor: While high interest rates are intuitively favorable for the result, the movement from low interest rates to high interest rates costs in the banks' income statements. The banks' fair value adjustments of interest-bearing assets thus weigh heavily down in a quarter where interest rates have been rising. For Jyske Bank, the fair value adjustments have "cost" approx. 300 million DKK on the result in Q3 2026 compared to Q2 2026 or Q3 2025. This is therefore not an insignificant factor when the total profit of 1,727 million DKK for Q3 is assessed. Even though the value adjustment is real enough, it is one of the factors that I would like to have normalized in my calculations of expected future earnings. As you might know, one of my favorite topics is management judgement ("post-model adjustments"), which the managements of the Danish banks have approached quite differently - and not surprisingly, as the concept itself is fluffy. It is the dummy variable that managements have to adjust for Corona, Ukraine, agricultural packages or... As an analyst (and auditor) and investor, it is frustrating that this opportunity is given without us getting further insight into how the amount is determined. Furthermore, we typically really have to scrutinize the reports to get the figure established. Currently, Jyske Bank, for example, in Q3 has provisioned an additional 119 million DKK for losses in "post-model adjustments" with the justification "reflecting among other things, risks involved in the expected economic development". This is not an accusation against Jyske Bank, as they are neither worse nor better than the other banks, but it is again clear that management judgement is a black box for us investors and owners. However, in my attempt to deduce a normalized earnings for Jyske Bank, I can conclude again that I must adjust for the 119 million DKK in Q3. So when I adjust for the fair value adjustments and the increased loss provisions due to management judgements, I will actually almost be disappointed if the profit before tax in Q4 does not exceed 2 billion DKK. "All other things being equal" (and I know this is a heavy assumption in a changing world), I look forward with confidence to the coming quarters as a bank investor.
·22.10.It is quite wild that it is falling almost 5%, what is the reason for that?
It is quite wild that it is rising almost 5%. I wonder what is causing that? Let's just hope there isn't a nervous investor considering buying/selling due to confusion.
·12.10.Question: The 20-day and 50-day SMA (Simple Moving Average) charts change values (trajectory) depending on how long a period is used. For example, the trajectory of the last month on the 3-month charts is completely different than on the 1-month chart. Why?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
16 päivää sitten
‧38 min
3,50 DKK/osake
Viimeisin osinko
0,85%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.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·31.10.Q3 BANK REPORTS - WHAT TRENDS CAN BE SPOTTED? This is neither a recommendation nor a complete analysis - rather just some observations based on the reported Q3 bank reports for Danske Bank, Nordea, Jyske Bank and Skjern Bank. The observations are made at a time when tech stocks are falling sharply - and the doomsday prophets have started to appear. I may well have an opinion on this dimension, but it is no more qualified than your own, so the below is solely based on the Q3 reports of the mentioned banks. Despite all market participants emphasizing the fierce competition among banks at the moment (and I have no basis to doubt this), it surprisingly appears that net interest income has bottomed out for this time. Danske Bank's net interest income is all-time high, Skjern Bank has historically only had one quarter that was better (Q4 2023), while the turnaround is also clear at Jyske Bank. Nordea's development is lagging slightly behind, but the turnaround has happened. With continued rising lending (though stagnating at Jyske Bank), it must be expected that the coming quarters will be quite favorable for us bank investors on the top line of the income statement. The interest rate hike that has already taken place is expected to begin hitting harder in the coming period. Note by the way that the analysis published by Danske Bank last Thursday on SJF Bank (which resulted in a nice increase for SJF Bank) has built-in an estimate with an increase in net interest income of 23.7% from 2026 to 2027. We naturally cannot use isolated analyses to conclude on the entire industry - but I believe there is consensus on higher top lines. Here it is worth noting a single factor: While high interest rates are intuitively favorable for the result, the movement from low interest rates to high interest rates costs in the banks' income statements. The banks' fair value adjustments of interest-bearing assets thus weigh heavily down in a quarter where interest rates have been rising. For Jyske Bank, the fair value adjustments have "cost" approx. 300 million DKK on the result in Q3 2026 compared to Q2 2026 or Q3 2025. This is therefore not an insignificant factor when the total profit of 1,727 million DKK for Q3 is assessed. Even though the value adjustment is real enough, it is one of the factors that I would like to have normalized in my calculations of expected future earnings. As you might know, one of my favorite topics is management judgement ("post-model adjustments"), which the managements of the Danish banks have approached quite differently - and not surprisingly, as the concept itself is fluffy. It is the dummy variable that managements have to adjust for Corona, Ukraine, agricultural packages or... As an analyst (and auditor) and investor, it is frustrating that this opportunity is given without us getting further insight into how the amount is determined. Furthermore, we typically really have to scrutinize the reports to get the figure established. Currently, Jyske Bank, for example, in Q3 has provisioned an additional 119 million DKK for losses in "post-model adjustments" with the justification "reflecting among other things, risks involved in the expected economic development". This is not an accusation against Jyske Bank, as they are neither worse nor better than the other banks, but it is again clear that management judgement is a black box for us investors and owners. However, in my attempt to deduce a normalized earnings for Jyske Bank, I can conclude again that I must adjust for the 119 million DKK in Q3. So when I adjust for the fair value adjustments and the increased loss provisions due to management judgements, I will actually almost be disappointed if the profit before tax in Q4 does not exceed 2 billion DKK. "All other things being equal" (and I know this is a heavy assumption in a changing world), I look forward with confidence to the coming quarters as a bank investor.
- ·22.10.It is quite wild that it is falling almost 5%, what is the reason for that?It is quite wild that it is rising almost 5%. I wonder what is causing that? Let's just hope there isn't a nervous investor considering buying/selling due to confusion.
- ·12.10.Question: The 20-day and 50-day SMA (Simple Moving Average) charts change values (trajectory) depending on how long a period is used. For example, the trajectory of the last month on the 3-month charts is completely different than on the 1-month chart. Why?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 15 | ||
| 10 | ||
| 4 | ||
| 8 | ||
| 13 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 5.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 14.8. | ||
2026 Q1 - tulosraportti 7.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 30.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
16 päivää sitten
‧38 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
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 5.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 14.8. | ||
2026 Q1 - tulosraportti 7.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 30.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
3,50 DKK/osake
Viimeisin osinko
0,85%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·31.10.Q3 BANK REPORTS - WHAT TRENDS CAN BE SPOTTED? This is neither a recommendation nor a complete analysis - rather just some observations based on the reported Q3 bank reports for Danske Bank, Nordea, Jyske Bank and Skjern Bank. The observations are made at a time when tech stocks are falling sharply - and the doomsday prophets have started to appear. I may well have an opinion on this dimension, but it is no more qualified than your own, so the below is solely based on the Q3 reports of the mentioned banks. Despite all market participants emphasizing the fierce competition among banks at the moment (and I have no basis to doubt this), it surprisingly appears that net interest income has bottomed out for this time. Danske Bank's net interest income is all-time high, Skjern Bank has historically only had one quarter that was better (Q4 2023), while the turnaround is also clear at Jyske Bank. Nordea's development is lagging slightly behind, but the turnaround has happened. With continued rising lending (though stagnating at Jyske Bank), it must be expected that the coming quarters will be quite favorable for us bank investors on the top line of the income statement. The interest rate hike that has already taken place is expected to begin hitting harder in the coming period. Note by the way that the analysis published by Danske Bank last Thursday on SJF Bank (which resulted in a nice increase for SJF Bank) has built-in an estimate with an increase in net interest income of 23.7% from 2026 to 2027. We naturally cannot use isolated analyses to conclude on the entire industry - but I believe there is consensus on higher top lines. Here it is worth noting a single factor: While high interest rates are intuitively favorable for the result, the movement from low interest rates to high interest rates costs in the banks' income statements. The banks' fair value adjustments of interest-bearing assets thus weigh heavily down in a quarter where interest rates have been rising. For Jyske Bank, the fair value adjustments have "cost" approx. 300 million DKK on the result in Q3 2026 compared to Q2 2026 or Q3 2025. This is therefore not an insignificant factor when the total profit of 1,727 million DKK for Q3 is assessed. Even though the value adjustment is real enough, it is one of the factors that I would like to have normalized in my calculations of expected future earnings. As you might know, one of my favorite topics is management judgement ("post-model adjustments"), which the managements of the Danish banks have approached quite differently - and not surprisingly, as the concept itself is fluffy. It is the dummy variable that managements have to adjust for Corona, Ukraine, agricultural packages or... As an analyst (and auditor) and investor, it is frustrating that this opportunity is given without us getting further insight into how the amount is determined. Furthermore, we typically really have to scrutinize the reports to get the figure established. Currently, Jyske Bank, for example, in Q3 has provisioned an additional 119 million DKK for losses in "post-model adjustments" with the justification "reflecting among other things, risks involved in the expected economic development". This is not an accusation against Jyske Bank, as they are neither worse nor better than the other banks, but it is again clear that management judgement is a black box for us investors and owners. However, in my attempt to deduce a normalized earnings for Jyske Bank, I can conclude again that I must adjust for the 119 million DKK in Q3. So when I adjust for the fair value adjustments and the increased loss provisions due to management judgements, I will actually almost be disappointed if the profit before tax in Q4 does not exceed 2 billion DKK. "All other things being equal" (and I know this is a heavy assumption in a changing world), I look forward with confidence to the coming quarters as a bank investor.
- ·22.10.It is quite wild that it is falling almost 5%, what is the reason for that?It is quite wild that it is rising almost 5%. I wonder what is causing that? Let's just hope there isn't a nervous investor considering buying/selling due to confusion.
- ·12.10.Question: The 20-day and 50-day SMA (Simple Moving Average) charts change values (trajectory) depending on how long a period is used. For example, the trajectory of the last month on the 3-month charts is completely different than on the 1-month chart. Why?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 15 | ||
| 10 | ||
| 4 | ||
| 8 | ||
| 13 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Dataa ei löytynyt