Jyske Bank Cut to Sell at Nordea After Top-Line Earnings Miss Estimates

• (PLX AI) - Jyske Bank was cut to sell from hold at Nordea after first-half net interest income and fee & commission income came in below estimates in today's earnings report.
• • Jyske continues to lose market share in bank and mortgage lending, Nordea said
• • The analysts added they were a lot less optimistic than Jyske on the potential for improved lending in the second half of 2021 and next year
• • Jyske Bank shares extended losses in the afternoon, falling more than 6% after Nordea's downgrade