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Danske Banks nedjustering overrasker ikke

Selvom ledelsen har nedjusteret forventningerne, regner vi med at bundlinjen bliver endnu tyndere i 2019. Alligevel ser vi dog Danske Bank som stærkt undervurderet i forhold til aktiens fair værdi, der i vores øjne er 210 kroner per aktie.

Morningstar Equity Analysts 02/05/2019

Danske Bank

Af Niklas Kammer, Aktieanalytiker hos Morningstar

Danske Banks resultat i første kvartal landede på 3 milliarder kroner - 35 procent lavere end samme kvartal sidste år. Det har fået ledelsen til at sænke forventningerne til 2019. Deres målsætning om et nettoresultat mellem 14 og 16 millarder kroner i 2019 er godt nok uændret, men det er nu inklusive en forventet gevinst på 1,3 milliarder kroner fra salget af Danica Pension i Sverige.

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