Danske Bank: shares fall after outlook for 2018 cut
(CercleFinance.com) - The shares of Danske Bank fell on Friday, after the Danish bank cut its full-year forecasts, citing challenging conditions in the financial markets.
Danske shares were down 3.4% at 124.8 Danish kronor this morning on the Nasdaq Copenhagen market. Their value has crumbled 48% in 2018.
This morning, the bank reduced its forecast for net profit for 2018 to around 15 billion Danish kronor, down from a previous forecast of 16 billion to 17 billion Danish kronor.
"The outlook remains subject to uncertainty," it wrote in its statement.
The warning adds to the significant woes that Danske Bank has had in the last few months, with the bank being charged with violating anti-money laundering laws, due to its business in Estonia.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Danske shares were down 3.4% at 124.8 Danish kronor this morning on the Nasdaq Copenhagen market. Their value has crumbled 48% in 2018.
This morning, the bank reduced its forecast for net profit for 2018 to around 15 billion Danish kronor, down from a previous forecast of 16 billion to 17 billion Danish kronor.
"The outlook remains subject to uncertainty," it wrote in its statement.
The warning adds to the significant woes that Danske Bank has had in the last few months, with the bank being charged with violating anti-money laundering laws, due to its business in Estonia.
Copyright (c) 2018 CercleFinance.com. All rights reserved.