Danske Bank
Danske Bank A/S
Danske Bank is Denmark's largest bank, headquartered in Copenhagen. Its Danske Bank Equity Research unit publishes research on Nordic listed companies.
Company history
Danske Bank traces its origins to Den Danske Landmandsbank, founded in Copenhagen in 1871 to finance farmers. It was renamed Den Danske Bank in 1976, merged with Kjøbenhavns Handelsbank and Provinsbanken in 1990 and adopted its current name in 2000. Acquisitions in Sweden, Norway, Northern Ireland and Finland built its footprint; its Estonian branch was at the center of a money-laundering case investigated in 2017–2018.
- 1871Founded as Den Danske Landmandsbank in Copenhagen
- 1976Renamed Den Danske Bank
- 1990Merges with Kjøbenhavns Handelsbank and Provinsbanken
- 2000Adopts the name Danske Bank
- 2006Acquires Sampo Bank in Finland and the Baltics
- 2018Publishes findings of Estonian branch money-laundering investigation
Research
Danske ranked first for domestic equity in Denmark in Kantar Prospera's client surveys for 2025. Its ratings are absolute: Buy (expected total return above 10%), Hold (0–10%) and Sell (below 0%) over 12 months.
Coverage12M
- Stocks
- 14
- Ratings
- 14
- Price targets
- 0
- Upgrades
- 10
- Downgrades
- 4
- Initiations
- 0
- Reiterations
- 0
- Positive57%8
- Neutral29%4
- Negative14%2
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
| AMAMBFF | Sell | — |
| AXAXFOF | Buy | — |
| ELELMUF | Buy | — |
 ERICTelefonaktiebolaget LM Ericsson (publ) | Buy | — |
| FLFLIDY | Hold | — |
| FOFOJCY | Hold | — |
 FROFrontline Ltd. | Sell | — |
| ISISSDY | Buy | — |
| LYLYSFY | Buy | — |
 NOKNokia Oyj | Buy | — |
Recent actions
| Stock | Rating action | Rating | Date |
|---|---|---|---|
| ISISSDY | Upgrade | Buy | Sep 16 |
| FOFOJCY | Upgrade | Buy →Hold | Sep 10 |
| FLFLIDY | Downgrade | Buy →Hold | Aug 27 |
| Frontline Ltd.FRO | Downgrade | Hold →Sell | Aug 21 |
| AXAXFOF | Upgrade | Buy | Aug 20 |
| WIWILYY | Downgrade | Hold | Aug 6 |
| NWNWARF | Upgrade | Hold | Jul 23 |
| ELELMUF | Upgrade | Hold →Buy | Jul 16 |
| Telefonaktiebolaget LM Ericsson (publ)ERIC | Upgrade | Hold →Buy | Jul 15 |
| SKSKBSY | Upgrade | Buy | Jul 3 |
| LYLYSFY | Upgrade | Buy | Jul 2 |
| Nokia OyjNOK | Upgrade | Hold →Buy | Jul 1 |
References
- Our history – Danske Bankdanskebank.com
- Who we are – Danske Bankdanskebank.com
- Management – Danske Bankdanskebank.com
- Danske Bank Equity Research recommendation structuredanskeci.com
- Danske Bank once again ranked number 1 by major Nordic corporations and institutional clients (Feb 2026)danskebank.com