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INGA ING Groep NV

16.604
0.08 (0.48%)
Last Updated: 10:31:38
Delayed by 15 minutes
Share Name Share Symbol Market Type
ING Groep NV EU:INGA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.08 0.48% 16.604 16.60 16.604 16.656 16.56 16.584 1,030,205 10:31:38

Trending: ING Groep Beats Profit Consensus on High Interest Rates

03/08/2023 3:45pm

Dow Jones News


ING Groep NV (EU:INGA)
Historical Stock Chart


From May 2023 to May 2024

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1415 GMT - ING Groep is among the most mentioned companies across news items over the past nine hours, according to Factiva data, after the Dutch bank reported a market-beating net profit for the second quarter as it benefited from high interest rates. Net profit rose to 2.155 billion euros ($2.36 billion) from EUR1.18 billion a year earlier and exceeding a consensus of EUR1.64 billion. Net interest income rose to EUR4.06 billion from EUR3.39 billion and compares with a consensus of EUR4.13 billion. "The only negative is the fact that [net interest income] misses again, which has to do mainly again with the FX swaps...and is likely to generate commentary and misunderstanding again," Jefferies says in a note. Bank of America writes that ING is likely to increase the size of its annual share buyback given its strong capital position. Its CET1 ratio at 14.9% was 30 basis points ahead of consensus and 10 basis points higher than the previous quarter. Shares are up 1.1% at EUR13.20 Dow Jones & Co. owns Factiva. (ian.walker@wsj.com.)

 

(END) Dow Jones Newswires

August 03, 2023 10:30 ET (14:30 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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1 Year ING Groep NV Chart

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