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ING: 4Q Earnings Snapshot

AMSTERDAM (AP) _ ING Groep NV (ING) on Wednesday reported net income of $1.45 billion in its fourth quarter.

The Amsterdam-based bank said it had earnings of 38 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.

The financial services provider posted revenue of $5.14 billion in the period. Its revenue net of interest expense was $5.14 billion, topping Street forecasts.

For the year, the company reported profit of $5.55 billion, or $1.43 per share. Revenue was reported as $21.36 billion.

ING shares have increased 12 percent since the beginning of the year. The stock has fallen 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ING at https://www.zacks.com/ap/ING