Jyske Bank A/S (GB:0MGD) has released an update.
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Jyske Bank A/S has raised its profit forecast for 2024, now expecting a net profit of DKK 5.0bn-5.3bn and earnings per share of DKK 75-80, a notable increase from its previous projection. This optimistic outlook is due to strong financial market conditions and a decline in market rates, which have resulted in significant value adjustments in the third quarter. Additionally, the bank has maintained solid credit quality with loan impairment charges resulting in income.
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