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Danske Bank beats fourth-quarter net profit expectations

Published 02/05/2020, 02:13 AM
Updated 02/05/2020, 02:16 AM
Danske Bank beats fourth-quarter net profit expectations

COPENHAGEN (Reuters) - Danske Bank (CO:DANSKE) beat fourth quarter net profit expectations on Wednesday and said it expects to earn a net profit of 8-10 billion Danish crowns in 2020.

Denmark's biggest lender reported a net profit of 5.0 billion Danish crowns ($738.5 million), topping the 4.4 billion forecast by analysts on average, Refinitiv Eikon data showed.

It said it would pay a dividend of 8.5 per share for 2019, above the 7.29 crowns forecast by analysts, and corresponding to 49% of reported net profit.

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