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  • Today

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    • 9 hours ago by Dow Jones
      Companies Mentioned: ING

      1347 GMT - ING Groep's result reflected weaker-than-expected net interest income but the Dutch bank's so-called other revenue stream came in stronger than expected, RBC Capital Markets analyst Anke Reingen says in a research note. The segment mainly reflects revenue from hedging programs and gains or losses on the sales of group companies. The segment rose 45% on year which helped drive the bank to raise its total income guidance for the year, the analyst says. The company said it expects to achieve more than 22.5 billion euros in total income, up from more than 22 billion euros previously. Though the company increased its guidance for the metric consensus already was at 22.5 billion for the metric ahead of the company's result, the analyst says. Shares trade 1.2% higher to 15.75 euros. (pierre.bertrand@wsj.com)
    • 10 hours ago by MT Newswires
      Companies Mentioned: FAS, FAZ, ING, LPLA, XLF, MA
      09:16 AM EDT, 10/31/2024 (MT Newswires) -- Financial stocks fell premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently declining by 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterp...
    • 11 hours ago by MT Newswires
      Companies Mentioned: ING
      08:56 AM EDT, 10/31/2024 (MT Newswires) -- Financial stocks were steady premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently unchanged. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpa...
    • 12 hours ago by MT Newswires
      Companies Mentioned: ING
      07:24 AM EDT, 10/31/2024 (MT Newswires) -- ING Groep (ING) reported Q3 earnings Thursday of 0.59 euros ($0.64) per share, up from 0.56 euros a year earlier. Three analysts polled by Capital IQ expected 0.51 euros. Revenue for the quarter ended Sept....
    • 13 hours ago by Dow Jones
      Companies Mentioned: ING

      1054 GMT - ING Groep could see consensus forecasts downgrades after it reported third quarter results, UBS analysts Johan Ekblom and Michael Macnaughton write. The Dutch bank reported a pretax result and revenue 10% and 4.2% higher than consensus, respectively, the analysts say in a note. Though the analysts welcome the bank exceeding expectations at the pretax level, they expect consensus estimates to come under pressure. "Expect to see modest downward pressure on consensus forecasts given interest rate expectations and Q3 net interest income," the analysts say. Shares trade 1.2% higher at 15.74 euros. (pierre.bertrand@wsj.com)

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