We model a Q1 EPS of DKK 6.8 and a ~13% ROE, with revenues set to grow ~1% y/y despite some short-term headwinds while we see EPS down 2% y/y on slightly higher loan losses. We've lifted our medium-term estimates due to higher interest rate expectations and, despite increased uncertainty currently, we see Danske Bank as well placed to continue its positive earnings trajectory. The bank has also said that it will provide an update to its Forward 28 strategy this quarter, and we see scope for a >1 ....
