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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ING Groep NV | NYSE:ING | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.13 | 0.82% | 15.93 | 16.08 | 15.77 | 15.79 | 2,110,352 | 21:00:04 |
From May 2019 to May 2024
By Sabela Ojea
ING Groep NV reported its results for the second quarter on Thursday. Here's what you need to know:
NET PROFIT FORECAST: The Dutch bank posted a net profit of 299 million euros ($354.7 million) for the second quarter of 2020, down from EUR1.44 billion in the year-earlier period. Net profit was anticipated to fall to EUR543.3 million, taken from FactSet and based on the estimates of three analysts.
NET INTEREST INCOME FORECAST: The lender reported a net interest income of EUR3.43 billion, down from EUR3.47 billion a year earlier. Net interest income was expected to fall to EUR3.46 billion, taken from FactSet and based on four analysts' estimates.
WHAT WE WATCHED:
-IMPAIRMENTS: The bank on July 28 said it expected to book around EUR300 million as an impairment on its balance sheet in the second quarter of the year. It actually booked a charge of EUR310 million.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 06, 2020 06:01 ET (10:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year ING Groep NV Chart |
1 Month ING Groep NV Chart |
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