ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

INGA ING Groep NV

16.524
0.298 (1.84%)
17 May 2024 - Closed
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
  0.298 1.84% 16.524 17.00 16.53 16.524 16.22 16.22 10,816,361 16:40:00

Trending: ING Groep Posts 3Q Beat, Launches EUR2.5 Billion Buyback

02/11/2023 1:38pm

Dow Jones News


ING Groep NV (EU:INGA)
Historical Stock Chart


From May 2023 to May 2024

Click Here for more ING Groep NV Charts.

1308 GMT - ING Groep is among the most mentioned companies across news items over the past six hours, according to Factiva data. The Dutch lender posted a better-than-expected net profit for its third quarter and announced a EUR2.5 billion share buyback, which was bigger than anticipated. "We think expectations into the quarter were high," UBS analysts say in a note. Analysts note that investors were already expecting a program of this magnitude even though estimates on average penciled in a EUR1.95 billion buyback. The confirmation shows that the bank is moving faster on capital distribution, RBC Capital Markets analysts write. The bank's net profit more than doubled on year and was ahead of expectations. Total income rose 32% on year as its retail-banking division benefited from the current interest-rate environment, along with strong performance in its wholesale banking arm. Some see the better-than-expected result as low or mixed quality given it was driven by higher other income and lower impairments making up for weaker net interest income on treasury and financial markets as well as heavier costs. Shares trade around 2.8% lower at EUR11.67, their lowest price since June, while Amsterdam's blue-chip index gains 1.7%. Dow Jones & Co. owns Factiva. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

November 02, 2023 09:23 ET (13:23 GMT)

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

1 Year ING Groep NV Chart

1 Year ING Groep NV Chart

1 Month ING Groep NV Chart

1 Month ING Groep NV Chart

Your Recent History

Delayed Upgrade Clock