ING: 4Q Earnings Snapshot

ING: 4Q Earnings Snapshot

Associated Press
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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.

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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

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