Danske Bank stock gains 1.02 percent as BNP Paribas cuts rating

Published on 10/04/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Danske Bank stock faces a DKK 380 target after BNP Paribas resumed coverage on September 21, 2026. Q2 net income reached DKK 6.2 billion, while the 2026 outlook stands at DKK 23-25 billion.

Dokumentarische Schwarzweißaufnahme einer Bankfiliale mit Kunden am Schalter — Schwarzweiß-Reportagefoto einer belebten Bankfiliale, passend zu Danske Bank A/S, ISIN DK0010274414, im dokumentarischen Stil, Illustration mit AI erstellt.

Danske Bank stock (ISIN DK0010274414) closed at DKK 367.80 on Nasdaq Copenhagen on October 2, 2026, gaining 1.02 percent. The latest price leaves the shares 4.14 percent below the 52-week high of DKK 383.70, while a fresh analyst warning sets a more cautious tone.

BNP Paribas sets DKK 380 target

As MarketScreener reported on September 21, 2026, BNP Paribas resumed coverage with an Underperform rating and a DKK 380 price target. The target lies 3.3 percent above the October 2 share price, leaving limited measured upside against the bank's stated rating.

Fintel reported that the same analyst moved Danske Bank from Neutral to Underperform on September 22, 2026. The action contrasts with the stock's 1.02 percent daily gain, making the rating and the earnings trajectory the key points for investors to weigh.

Q2 profit supports raised outlook

According to Quartr in its Q2 2026 presentation summary, Danske Bank delivered net profit of DKK 6.2 billion and return on equity of 14.8 percent. The bank's 2026 net profit outlook was raised to DKK 23-25 billion, while first-half profit reached DKK 11.9 billion.

The latest quarterly comparison also showed adjusted operating strength: Q2 diluted earnings per share came to DKK 7.60, compared with a DKK 7.32 estimate, a DKK 0.28 beat. For the next report, the estimate is DKK 7.51 earnings per share and DKK 14.66 billion of revenue for Q3 2026, according to the TradingView company page.

Next report arrives October 29

TradingView lists October 29, 2026 as the next reporting date for Q3 2026. That date gives the earnings outlook a defined checkpoint after the bank's first-half performance and the recent analyst downgrade.

Danske Bank's investor relations page identifies the half-year report as a July 17, 2026 publication and lists the October 8, 2026 silent period before the Q3 reporting cycle. The combination of a DKK 297.3 billion market capitalization and a DKK 267.60 to DKK 383.70 52-week range places the current price near the upper end of the year's trading band.