|Bid||12.66 x 45100|
|Ask||12.67 x 900|
|Day's Range||12.56 - 12.68|
|52 Week Range||11.47 - 20.58|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||8.43|
|Forward Dividend & Yield||0.71 (5.52%)|
|1y Target Est||N/A|
ING Groep N.V. (ING) soared 7.96% to $12.75 per share on the New York Stock Exchange on Thursday after posting financial results for the third quarter. The company reported strong growth in both primary customers and core lending. The Dutch bank saw its primary customers base increase 1.7% to 12.2 million, closing the third quarter with a total retail customer base of 38 million.
The bank, based in Amsterdam, said it had earnings of 23 cents per share. The financial services provider posted revenue of $5.4 billion in the period. Its revenue net of interest expense was $5.4 billion, ...
Disappointing results from Credit Suisse and Royal Dutch Shell set a slightly negative tone in European markets on another busy day of corporate news.
The Stoxx Europe 600 Index was down less than 0.1 percent after losing 5.6 percent last month. ING Groep NV surged 4.2 percent after third-quarter underlying pretax profit beat estimates. BP Plc and Total SA declined as oil extended losses after the worst month in more than two years on lingering concern over a supply glut.
ING Groep (INGA.AS), the largest Dutch bank, on Thursday reported a profit of 776 million euros (£683 million), better than expected as it continued to grow on an underlying basis despite being fined for failures to prevent money laundering. Prosecutors fined ING 775 million euros in September for inadequate supervision of suspicious client transactions. Despite public anger over the bank's wrongdoing, ING said it gained 200,000 new "primary" customers in the quarter, defined as customers that use ING for more than one produce, bringing the total to 12.2 million.
Goldman Sachs (GS) shows operational efficiency by undertaking growth strategies with support from its strong capital position.
MILAN/AMSTERDAM (Reuters) - Dutch bank ING Groep NV (INGA.AS) plans to sell its remaining Italian real estate leasing portfolio to Goldman Sachs (GS.N) as it continues to cut leasing activities outside its home markets, a document reviewed by Reuters showed. A letter ING sent to unions in Italy said the group expected to sign the deal by early December and close it in the first quarter of next year. The portfolio comprises both performing and non-performing real estate leasing contracts, ING said, adding that the disposal would make 31 people in Italy redundant and inviting unions to discuss possible measures to reduce staff.
MILAN/AMSTERDAM, Oct 30 (Reuters) - Dutch bank ING Groep NV plans to sell its remaining Italian real estate leasing portfolio to Goldman Sachs as it continues to cut leasing activities outside its home markets, a document reviewed by Reuters showed. A letter ING sent to unions in Italy said the group expected to sign the deal by early December and close it in the first quarter of next year. The portfolio comprises both performing and non-performing real estate leasing contracts, ING said, adding that the disposal would make 31 people in Italy redundant and inviting unions to discuss possible measures to reduce staff.
While the Russian central bank governor’s interest-rate decision on Friday created barely a ripple in the currency market, U.S. National Security Adviser John Bolton gave ruble traders a case of whiplash two days earlier. Merely the appearance that Bolton was striking a conciliatory tone on sanctions was enough to catapult the ruble on Wednesday from losses to an intraday gain of almost 1 percent. As central bankers filed into Friday’s meeting in Moscow, the ruble’s sensitivity also raises the question of just how much the measures of support deployed at the last gathering have accomplished.
The currency, which was down throughout most of the Asian trading day, has fallen 9 percent in the past six months, pressured by China’s trade dispute with the U.S. and expectations of further easing by the central bank. Earlier in the day, the currency only pared some losses after People’s Bank of China Deputy Governor Pan Gongsheng told a briefing that the central bank would continue taking measures to stabilize sentiment. Pan also said the yuan is stable compared with other currencies and that its recent weakness has been driven by factors including U.S. rate hikes, trade tension and a stronger dollar.
The money is part of the plan the People’s Bank of China announced late on Monday to support private firms issuing debt. The central bank didn’t provide any details on how the plan would work, its size, or when it would begin. China’s announcements on Monday of fresh measures to ease the funding strains of private companies came after top officials commented repeatedly in an attempt to restore confidence in the world’s second-largest economy.
ING is also releasing a customer-facing version of the technology to help clients trade bonds, Santiago Braje, the bank’s global head of credit trading, said at an AI conference in Amsterdam Wednesday. In its first full year of deployment, the software -- which ING calls Katana Edge -- has allowed traders to make pricing decisions faster, improving the number of market-making trades the firm wins by 20 percent, Braje said. The firm now plans to roll it out to other areas of its credit trading practice, Braje said in an interview on the sidelines of World Summit AI.
Moody's has upgraded ING Bank (Australia) Limited's short-term Counterparty Risk Assessment (CR Assessment) to P-1 (cr) from P-2(cr). "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Big UK shareholder in Unilever to fight headquarters shift ...
Every investor in ING Groep NV (AMS:INGA) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders oftenRead More...
As the sell-offs in Turkey and Argentina spread to other emerging markets, doubts that developed markets can retain their immunity are getting louder. JPMorgan Chase & Co. says the vulnerability of mature markets to contagion emanating from developing nations hinges on Asia’s economic resilience. At ING Groep NV the risk is that monetary tightening in many emerging economies could eventually crimp growth and have a knock-on impact for advanced economies.
is stepping down, a week after the Dutch lender agreed to pay a record penalty to settle an investigation on the failure of its money-laundering controls. Mr. Timmermans was a member of ING’s management board and in charge of its operations in the Netherlands for much of the period covered by the investigation, ING said. Last week, the bank agreed to pay €775 million ($897.2 million) to settle the investigation by Dutch authorities on the shortcomings in its customer due-diligence policies between 2010 and 2016.
ING Groep's (INGA.AS) Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro (690.61 million pounds) settlement with prosecutors. The decision to remove CFO Koos Timmermans, 58, comes after criticism of the bank by Dutch Prime Minister Mark Rutte, and after shareholder interest group VEB called for a more thorough vetting of CEO Ralph Hamers' role in the affair. ING's fine comes as European regulators consider whether to tighten controls on financial crime.
ING Group Chief Financial Officer Koos Timmermans will step down following a money laundering settlement at the Dutch Bank. ING agreed last week to pay about $900 million to settle a Dutch investigation ...
ING Groep NV sacrificed one of Chief Executive Officer Ralph Hamers’s top deputies as the Dutch lender seeks to restore public trust in the wake of a money-laundering scandal. Chief Financial Officer Koos Timmermans will step down when a successor is found, the bank said. While ING said it fully backs the CEO, its supervisory board has already bowed to political pressure and reversed its earlier opposition to any board members resigning in connection with the investigation, which led to one of the biggest fines ever paid by a Dutch lender.
NV said Wednesday that U.S. regulators have closed their investigation into the bank after it reached a record settlement with local authorities. The bank in a regulatory filing said it received a formal notification from the U.S. Securities and Exchange Commission that the agency had concluded its investigation, and that it wouldn’t bring an enforcement action “based on information as of this date.” The SEC declined to comment. The news comes a day after ING agreed to pay a record European fine of €775 million ($897.3 million) to settle an investigation by Dutch prosecutors into money-laundering control failures.
SEOUL (Reuters) - South Korea's Shinhan Financial Group said on Wednesday that it has decided to buy a 59.15 percent stake in Orange Life Insurance, a former unit of ING Groep (INGA.AS) for 2.2989 trillion ...