Danske Bank beats fourth-quarter net profit expectations

Reuters

Published Feb 05, 2020 02:13AM ET

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.