Trending: ING Reports Market-Beating 1Q Earnings, Plans EUR1.5 Billion Share Buyback
11 Maggio 2023 - 3:15PM
Dow Jones News
1242 GMT - ING Groep is among the most mentioned companies
across news items over the past seven hours, according to Factiva
data, after the Dutch bank reported market beating first quarter
earnings and announced a 1.5 billion-euro ($1.65 billion) share
buyback. Net profit for the quarter was EUR1.59 billion compared
with a company compiled consensus of EUR1.11 billion. Net interest
income came in at EUR4.01 billion against a consensus of EUR3.93
billion. ING's temporary net interest income headwinds should relax
when European Central Bank rates normalize, UBS said in a note
following the earnings. Jefferies analyst Flora Bocahut and
associate Theo Massing wrote that earnings were particularly strong
and beat consensus on every line. Shares are up 3.1% at EUR11.41.
Dow Jones & Co. owns Factiva. (ian.walker@wsj.com)
(END) Dow Jones Newswires
May 11, 2023 09:00 ET (13:00 GMT)
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