Finance
Danske Bank Shares Decline After Net Interest Income Miss
- Shares decline after some earnings metrics miss estimates
- Danske is moving on from a large money laundering scandal
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Danske Bank A/S shares declined after Denmark’s largest lender reported slightly weaker-than-forecast net interest income, worrying investors over the pace of its recovery after its money laundering scandal.
The Copenhagen-based bank’s net interest income — or the difference Danske earns from lending and pays for deposits — rose 14% from a year earlier to 9.14 billion kroner ($1.32 billion).