Danske has been through a tumultuous decade, which saw it settle a USD 2 billion lawsuit with the U.S. Department of Justice, left the Baltic countries, refocused on the Nordics, and reduced its exposure to oil and gas borrowers. Now, the bank is finding its footing again supported by a clear strategic focus. As a result, profitability has increased, despite inflated costs due to higher expenses related to improved anti-money-laundering processes.
Danske has turned the page on its anti-money-laundering issue, which should allow for a greater focus on profitability.
After years of cost inflation from higher anti-money-laundering processes costs, the bank is lagging Nordic peers in operational efficiency.
|
Metric
|
DANSKE
|
SHB A
|
NDA SE
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.73 | 7.17 | 5.92 |
Price/Book Value | 0.93 | 1.03 | 1.22 |
Price/Sales | 2.95 | 3.19 | 3.01 |
Price/Cash Flow | 8.04 | 7.46 | 3.94 |
|
Metric
|
DANSKE
|
SHB A
|
NDA SE
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
DANSKE
|
SHB A
|
NDA SE
|
|---|---|---|---|
Return on Assets (Normalized) | 0.60% | 0.75% | 0.87% |
Return on Equity (Normalized) | 13.16% | 13.90% | 17.99% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
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Morningstar Rating for Stocks
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United States