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Jyske Bank hikes net profit guidance for FY'19

Jyske Bank A/S raised its net profit guidance for 2019 to about 2.4 billion Danish kroner, as it expects to book a pretax profit of just above 1.2 billion kroner in the fourth quarter of 2019.

The revised guidance is 400 million kroner higher than its previous forecast. Pretax profit for the year is expected to be just below 3.1 billion kroner, Jyske Bank noted.

The lender will publish its full-year 2019 results Feb. 25.

As of Jan. 8, US$1 was equivalent to 6.72 Danish kroner.