JP Morgan lowers Danske Bank target price to 185 DKK (190), reiterates neutral stance – BN

Danske Bank A/S is the largest Danish bank. The activity is organized around 4 divisions: – retail banking; – market and investment banking: financial intermediation, mergers and acquisitions advice, portfolio management, etc. ; – insurance (Danica Pension): mainly life insurance and pension fund management; – others: notably investment fund management and wealth management. At the end of 2023, the group manages DKK 1,222.2 billion in outstanding deposits and DKK 928.2 billion in outstanding loans.