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FINANCIALS: Danske Follows Spar Nord In Upgrading Profit Guidance

FINANCIALS

Danske Bank (DANBNK: A3 pos/A+/AA-) headlines appear to show profit guidance upgrade of c.5% on better credit quality. Positive for Sydbank, Jyske and Nykredit, recall Spar Nord also upgraded guidance last week (19-Jun):

“*DANSKE BANK SEES FY NET DKK21B TO DKK23B, SAW DKK20B TO DKK22B
*DANSKE: PROFIT UPGRADE FOLLOWS 'STRONG' CREDIT QUALITY
*DANSKE BANK RISES AS MUCH AS 2.4% AFTER RAISING GUIDANCE” - BBG

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