|Bid||18.08 x 100|
|Ask||18.09 x 9400|
|Day's range||18.29 - 18.50|
|52-week range||13.63 - 20.58|
|PE ratio (TTM)||11.70|
|Forward dividend & yield||0.57 (3.08%)|
|1y target est||23.80|
The Amsterdam-based bank said it had earnings of 31 cents per share. The financial services provider posted revenue of $5.14 billion in the period. For the year, the company reported profit of $5.54 billion, ...
ING Groep NV (INGA.AS), the largest Dutch bank, on Wednesday reported a quarterly underlying pretax profit of 1.56 billion euros (1.37 billion pounds) that fell short of estimates, due to higher tax and investment costs, and a loss at its financial markets division. Analysts polled by Reuters had seen an underlying pretax profit at 1.67 billion euros for the fourth quarter, compared with 1.96 billion euros in the same period a year ago. CEO Ralph Hamers said the company had grown its loan book by 6.8 billion euros on higher margins and won half a million new customers.
ING Groep NV, the biggest Dutch lender, saw expenses increase as a proportion of income last year as Chief Executive Officer Ralph Hamers said the bank increased spending on measures that will help it ...
"Our commitment to our customers and progress in accelerating our Think Forward strategy are evident in the good results and continued customer growth we posted for both the fourth quarter and full year 2017," said Ralph Hamers, CEO of ING. "Our global customer base grew to 37.4 million over the year, including a 900,000 increase in the number of primary customers to 10.8 million.
ING has reached an agreement to acquire a 75% stake in Payvision, a fast-growing, leading international omnichannel payments service provider. Payvision has a total value of EUR 360 million. The transaction will enable ING to strengthen its footprint in omnichannel payments services and expand its merchant services for its business customers, in particular in the fast-growing e-commerce segment.
Payvision, a global merchant acquirer and omnichannel payment provider, announced today a strategic partnership with ING, one of the largest European banks, with a strong international network. Payvision has agreed to sell a majority stake of 75%, creating a new synergy that will accelerate its ambitious growth plans within the dynamic payments market, extend its global network and broaden its payment product portfolio. Payvision is valued at €360 million.
Europe's banking sector must resolve its ongoing problems with non-performing loans, according to Ralph Hamers.
Toronto-Dominion Bank (TD) expects first-quarter fiscal 2018 results to be affected by the recent changes in the U.S. tax rate.
As announced on 25 April 2017, ING has participated in the private placement by Bank of Beijing (BoB) which has closed today. ING participated in the offering for an aggregate amount of RMB 1.89 billion (around EUR 240 million) representing 265 million shares. ING maintains its position as the largest shareholder in BoB with a stake of 13.0%, down from 13.6%.
Brazil's watchdog has been advised by Cade's superintendent to give conditional approval to Itau Unibanco (ITUB) for XP Holding deal.
ING Group has been notified of the European Central Bank (ECB) decision on the 2017 Supervisory Review and Evaluation Process (SREP), which will set the capital requirements for 2018. The common equity Tier 1 requirement for ING Group will be 10.4% in 2018.
Deutsche Bank's (DB) rebranding strategy might help Cryan raise high amounts from the impending capital raise next year. Also, control over operations is likely to enable him to achieve the objectives.
AMSTERDAM (Reuters) - ING Groep NV(INGA.AS), the largest Dutch financial services firm, on Thursday reported a better-than-expected net profit for the third quarter of 1.38 billion euros (1.21 billion ...
Jan.31 -- ING Groep CFO Koos Timmermans discusses the company's earnings and performance. He speaks on "Bloomberg Daybreak: Europe." (Video edited to remove incorrect graphic and corrects guest's company name in headline and description.)