- (PLX AI) - Jyske Bank shares rose more than 4% after analysts at Danske Bank upgraded the stock to buy after the acquisition of Handelsbanken's Danish operations.
- • The acquisition of Handelsbanken DK is a game changer for the Jyske investment case, with terms far more favorable than expected, Danske said
- • Jyske Bank is able to finance the acquisition without issuing new shares, with a purchase price DKK 1 billion lower than expected, Danske analysts said
- • The bank's return on equity could increase by more than 40% from the 2019-2020 levels, Danske said