0719 GMT - DNB Bank's reported total net profit for the third quarter beat consensus expectations by 15% while pre-provision profit was 12% ahead, Jefferies analysts Alexander Demetriou and Joseph Dickerson write. The Norwegian bank's pre-provision beat was driven by 8% revenue growth and record third-quarter commissions and fees, the analysts add. Net interest income was 1% ahead of consensus and up 2% on quarter, driven by lending growth and customer activity, they say. Shares trade 4.2% higher at 233.20 Norwegian kroner. In the year to date, the shares are up 7.9%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
October 22, 2024 03:19 ET (07:19 GMT)
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