Enthusiastic about the third quarter figures

– We expect net interest income to rise, and hence the top line, due to the high interest rate climate. However, we also believe in higher loss provisions to achieve the end result. Unless there are big surprises, we expect Danish banks to fare relatively well for the rest of the year, says eToro market analyst Jakob Westh Christensen.

He is excited to see if Danish banks will make it through the season as well as American ones.

– Of the American banks only Morgan Stanley has disappointed. Rivals had to settle for a slightly lower profit, but all saw that the top line rose significantly, which gave positive reactions to stock prices, says Christensen.

– They raise interest rates and go straight to the margins of the banks. However, it will be interesting to follow the evolution of the credit quality of loans if we enter a deep recession, says Christensen.

Carlsberg runs until Thursday and is one of the six largest breweries in the world.

– It will be particularly interesting to follow up on whether they meet their guidance on sales figures. If there are any surprises here, it could affect the stock price. Brewery costs are expected to rise and squeeze margins, especially if energy and commodity hedges don’t produce a return, says Christensen.

It especially encourages people to keep an eye on whether Carlsberg is able to pass on rising commodity and energy prices to consumers and to keep an eye on devaluations.

– In the first quarter, Carlsberg depreciated values ​​of NOK 9,600 million due to activities in Russia. This is a one-off effect in the accounts, but it will still be interesting to follow further liquidation in Russia, as further write-downs or write-downs can affect the share price in either direction, says Christensen.