DNB.OL - DNB ASA

Oslo - Oslo Delayed Price. Currency in NOK
157.75
+1.60 (+1.02%)
As of 2:59PM CEST. Market open.
Stock chart is not supported by your current browser
Previous Close156.15
Open156.10
Bid157.70 x 327700
Ask157.80 x 246400
Day's Range155.90 - 158.80
52 Week Range135.50 - 174.20
Volume1,264,482
Avg. Volume1,454,722
Market Cap250.583B
Beta (3Y Monthly)1.14
PE Ratio (TTM)9.96
EPS (TTM)15.84
Earnings DateJul 11, 2019
Forward Dividend & Yield8.25 (5.32%)
Ex-Dividend Date2019-05-02
1y Target Est169.97
  • Lone Hawk Norges Bank Stuns Markets With Signal on Rates
    Bloomberg4 days ago

    Lone Hawk Norges Bank Stuns Markets With Signal on Rates

    (Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. Norges Bank is busy building a reputation as one of the world’s most hawkish central banks as it delivers its third interest-rate hike since September and signals there’s more to come.Governor Oystein Olsen said that, given the “balance of risks,” the key rate “will most likely be increased further in the course of 2019,” in a statement on Thursday. The deposit rate was raised by a quarter point to 1.25%, as expected.The krone surged 1% against the euro, its strongest gain since March. Against the dollar, the krone was up about 1.5%.Norges Bank is now “the sole hawk in town,” said Kristoffer Lomholt, a senior analyst at Danske Bank. “The next hike more likely than not will come already in September,” while rates markets had priced Thursday’s increase “as the final hike in the cycle,” which explains the “big market reaction,” he said.In an interview after the decision, Olsen said there was a likelihood the bank may raise rates again in September, and that another hike might follow “before the summer” next year. He also stressed that the outlook could change.Norway’s economy, which is backed by the world’s biggest sovereign wealth fund, is starting to show signs of overheating after a surge in oil investments. With the economy running at full speed, the bank has made clear there’s no room for the kind of extreme monetary stimulus that’s dominated since the global crisis of 2008. The message is very different from that of the European Central Bank and the Federal Reserve, which have both embraced continued stimulus.“We are following what’s happening in the major economies very closely, what they are signaling will affect us, and will affect the economy,” Olsen said in an interview on Bloomberg TV. “But I do agree that we are in a better situation. Its a smaller economy, we have this engine in the petroleum sector which provides a boost to growth and overall demand in the next couple of years.”Norges Bank revised up its inflation forecast on Thursday and now sees price growth above the 2% target through 2022. It raised its outlook for mainland economic growth next year to 1.9% after an expansion of 2.6% this year.“While most other central bankers are discussing rate cuts or new quantitative easing programs amid weaker global growth and political uncertainty, Norway’s central bank is raising its rates for the third time within a year!” Frederik Engholm, chief strategist at Nykredit, wrote in a tweet.ECB, FedOn Tuesday, ECB President Mario Draghi sent bond yields plunging across Europe, as he told markets that additional stimulus will be needed “in the absence of any improvement” to the outlook for growth and inflation.On Wednesday, the Federal Open Market Committee said that, in light of increased uncertainties and muted inflation pressures, it “will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion.”In Norway, meanwhile, unemployment has stabilized below 4% and inflation is running above target. And thanks to a weak krone, the central bank has room to raise rates without hurting exports.Olsen said that rates are still very low from a historical perspective and that policy is still expansionary.“And we focus and stress that there is a kind of downside risk in our assessment of international developments, which is also a good reason for being cautious,” he said.Economists at DNB ASA, Norway’s largest bank, on Thursday cast doubt on that the bank will be able to raise again already in September.“We expect the trade war to escalate and still think September is a little early,” said Kyrre Aamdal, an economist at DNB.(Adds comments from Olsen throughout.)\--With assistance from Guy Johnson and Tom Keene.To contact the reporter on this story: Sveinung Sleire in Oslo at ssleire1@bloomberg.netTo contact the editors responsible for this story: Jonas Bergman at jbergman@bloomberg.net, Tasneem Hanfi Brögger, Christian WienbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's21 days ago

    DNB Bank ASA, New York Branch -- Moody's changes rating outlook to stable from negative for seven Norwegian banks and a covered bond company

    Rating Action: Moody's changes rating outlook to stable from negative for seven Norwegian banks and a covered bond company. Global Credit Research- 03 Jun 2019. Outlook change triggered by upcoming MREL ...

  • Nasdaq pulls out of Oslo Bors battle, handing Euronext victory
    Reuters28 days ago

    Nasdaq pulls out of Oslo Bors battle, handing Euronext victory

    Nasdaq withdrew its offer for Oslo Bors on Monday, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle. Euronext secured approval from Norway's Ministry of Finance this month to buy more than 50% of Oslo Bors for 158 Norwegian crowns per share, effectively blocking Nasdaq's bid. Both had valued one of Europe's few independent stock market operators at around 6.8 billion Norwegian crowns (615.81 million pounds).

  • Thomson Reuters StreetEventslast month

    Edited Transcript of DNB.OL earnings conference call or presentation 3-May-19 11:30am GMT

    Q1 2019 DNB ASA Earnings Call

  • Reuterslast month

    Norway paves way for Euronext takeover of Oslo Bors

    OSLO (Reuters) - Norway will allow Euronext to take a majority stake in Oslo Bors VPS, the country's finance ministry said on Monday, confirming an earlier statement by Euronext. The decision effectively ...

  • Reuterslast month

    Nordic banks pool resources to fight money laundering

    The Nordic region's six major banks are joining forces to set up a customer checking centre to crack down on money launderers, part of efforts to recover from a scandal that has shaken confidence in the finance industry. Danske Bank and Swedbank have lost billions from their market value after becoming embroiled in a money laundering scandal involving their businesses in the Baltics. The banks have promised to take steps to rectify shortcomings, such as their planned joint venture with rivals Handelsbanken, Nordea, SEB and DNB to perform common customer checks.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of DNB.OL earnings conference call or presentation 3-May-19 7:30am GMT

    Q1 2019 DNB ASA Earnings Presentation

  • Reuters2 months ago

    Norway's DNB faces compensation bill for overcharging fund investors

    Norwegian banking group DNB's asset management arm has overcharged fund investors and must compensate around 180,000 customers, an appeals court ruled on Thursday, in what was billed as a test case for the industry. Based on the judges' guidelines, DNB will have to pay out a total of around 345 million Norwegian crowns (30.4 million pounds)in compensation, according to calculations by Norway's Consumer Council, which pursued the case on behalf of investors. DNB was not immediately available to comment on the level of compensation.

  • Reuters2 months ago

    DNB posts first-quarter top-line growth below expectations

    DNB, Norway's largest bank, reported a smaller-than-expected top-line growth for the first quarter on Friday, but said a recent rate hike by the central bank would have a positive impact from the second quarter onwards. "The Norwegian economy has got off to a flying start in 2019.

  • DNB ASA (OB:DNB) Will Pay øre8.25 In Dividends
    Simply Wall St.2 months ago

    DNB ASA (OB:DNB) Will Pay øre8.25 In Dividends

    Attention dividend hunters! DNB ASA (OB:DNB) will be distributing its dividend of øre8.25 per share on the 10 May 2019, and will start trading ex-dividend in 3 days time on the 02 May 2019. What does this mean for current sharehold...

  • Reuters2 months ago

    Norway says no plans to cap rates on short-term consumer loans

    The Norwegian government does not currently plan to introduce maximum interest rate levels for small, short-term consumer loans, it said in an annual review of the banking industry on Friday. "This ...

  • Nasdaq, Euronext deemed fit and proper owners of Oslo Bors
    Reuters3 months ago

    Nasdaq, Euronext deemed fit and proper owners of Oslo Bors

    PARIS/OSLO (Reuters) - Stock market operators Euronext and Nasdaq, both vying for the control of Norway's Oslo Bors, have been deemed fit and proper owners by the Norwegian financial supervisory authority, the finance ministry said. The verdict leaves it to the government to decide the outcome of the battle for control of one of the last independent stock market operators in northern Europe, which began when Euronext made a first, unsolicited move in December. The Norwegian bourse's response was to seek new bidders, encouraging U.S.-based Nasdaq to make a rival offer.

  • Read This Before Selling DNB ASA (OB:DNB) Shares
    Simply Wall St.3 months ago

    Read This Before Selling DNB ASA (OB:DNB) Shares

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not...

  • Reuters3 months ago

    Norway's FSA finds gaps in banks' anti-money laundering measures

    Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country's Financial Supervisory Authority (FSA) said in its annual report on Friday. While the FSA listed the banks that had been inspected, its report did not say which were found to have shortcomings. Last November, the FSA criticised DNB, Norway's largest bank, for not having sufficient systems in place to combat money laundering.

  • Reuters3 months ago

    Norway FSA found insufficient anti-money laundering assessments at banks

    Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country's Financial Supervisory Authority said in its annual report on Friday. While the FSA listed ...

  • Should DNB (OB:DNB) Be Disappointed With Their 59% Profit?
    Simply Wall St.3 months ago

    Should DNB (OB:DNB) Be Disappointed With Their 59% Profit?

    One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed theRead More...

  • Nordea handled about 700 million euros in suspicious transactions - Finnish TV
    Reuters4 months ago

    Nordea handled about 700 million euros in suspicious transactions - Finnish TV

    Nordea, the Nordic region's largest bank, handled 700 million euros (£602.3 million) in suspicious transactions between 2005 and 2017, Finnish broadcaster Yle reported on Monday, citing leaked documents. Yle, part of a group of media companies working on wider allegations of money laundering in the Baltics linked to Russia, said the money originated from companies registered in tax havens such as the British Virgin Islands, Panama or Belize. The leak did not reveal if Nordea, whose Nordic rivals Swedbank and Danske Bank face allegations over a money-laundering scandal in Estonia, had reported the alleged suspicious transactions to authorities, Yle said.

  • What Should Investors Know About The Future Of DNB ASA’s (OB:DNB)?
    Simply Wall St.4 months ago

    What Should Investors Know About The Future Of DNB ASA’s (OB:DNB)?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! DNB ASA's (OB:DNB) most recent earnings announcement in December 2018Read More...

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of DNB.OL earnings conference call or presentation 7-Feb-19 10:30am GMT

    Q4 2018 DNB ASA Earnings Presentation and Capital Markets Day

  • Reuters4 months ago

    DNB reiterates plan to sell Oslo Bors stake to Nasdaq

    OSLO (Reuters) - Norwegian bank DNB still plans to sell its 20-percent stake in stock market operator Oslo Bors VPS to Nasdaq, despite a higher bid by Euronext, the bank said on Monday. "We've committed ...

  • Reuters4 months ago

    Oslo Bors CEO prefers takeover by Nasdaq

    OSLO (Reuters) - Oslo Bors VPS remains convinced that Nasdaq would be the best owner of the Norwegian stock market operator, despite Euronext's higher bid, Oslo Bors Chief Executive Bente Landsnes told ...

  • Reuters5 months ago

    Bank DNB fourth-quarter earnings lag forecast, dividend higher than expected

    DNB, Norway's largest bank, reported lower-than-expected fourth-quarter earnings on Thursday while boosting its full-year dividend. The company's pre-tax profit before impairments rose to 7.32 billion Norwegian crowns (£662.4 million) from 7.26 billion a year ago, lagging the average forecast of 7.58 billion in a Reuters poll of analysts. DNB plans to pay a 2018 dividend of 8.25 crowns per share, up from 7.10 crowns the previous year, while analysts on average had expected a payout of 7.90 crowns.

  • Reuters5 months ago

    Nordea disappoints on revenues, Handelsbanken on dividend

    HELSINKI/STOCKHOLM (Reuters) - Nordea, the Nordic region's biggest bank, reported a 6 percent drop in fourth-quarter revenue on Wednesday, dashing analysts' hopes of an improvement and overshadowing a smaller-than-expected fall in operating profit thanks to cost cutting. Interest income, the bank's most important income line, has been under pressure over the past year due to fierce competition in mortgages and household loans across the region, while Nordea has been preoccupied with bringing down spending. Nordea shares were down 2.0 percent at 0832 GMT while those of rival Handelsbanken, which separately proposed a much lower dividend than expected, tumbled 4.8 percent, with both stocks underperforming the European banking index.