|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||10.36 - 10.50|
|52 Week Range||9.09 - 16.65|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||9.11|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||0.67 (6.63%)|
|1y Target Est||14.41|
MILAN (Reuters) - Deutsche Bank (DBKGn.DE) shares spiked higher in afternoon trading on Wednesday after a Bloomberg report said regulators would prefer the German lender to merge with a European rival ...
The pound may manage to hold its ground if Theresa May’s Brexit deal is defeated in Parliament by 100 votes or less, as the market would then eye the odds of the prime minister seeking a second vote, analysts say.
Since ING Groep N.V. (AMS:INGA) released its earnings in September 2018, analyst consensus outlook appear cautiously subdued, with profits predicted to rise by 14% next year against the higher past Read More...
It has gone from being Asia’s best performer to the worst in two weeks. The rupee “may be leading the divergence within EM Asia and unless oil’s trajectory changes it will be a short,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore. The Bloomberg JPMorgan Asia Dollar Index and almost all regional currencies have strengthened, led by the rupiah and the Thai baht.
There’s not much of Wells Fargo’s operations that the bank's new head of technology won't touch.
Fearing his country's pay-as-you-go pension scheme is unsustainable, a 40-year old French engineer - let's call him Jean Dupont - makes a New Year resolution. Hoping the introduction of the euro the next day will mark a new era of prosperity for the European economy, Dupont decides to invest in the bloc's banking sector every single trading day for the next two decades.
Banks need to step up the fight against money laundering and accept lower profits in return, European Central Bank board member Klaas Knot said, after a year in which investigations into criminal use of accounts implicated several EU lenders. This has its costs, automatically lowering profitability", Knot, also president of Dutch central bank DNB, said in an interview with Dutch newspaper NRC published on Friday. Banks try to minimize compliance costs in order to keep profits up, Knot said in a reference to Dutch bank ING (INGA.AS), which this year paid a record $900 million fine for systematically failing to spot money laundering through its accounts.
The benchmark for stocks in the euro region initially gained as European markets re-opened after the Christmas break, encouraged by the biggest U.S. rally since 2009 on Wednesday. The optimism lasted a mere hour before markets retreated into the red, weighed down by losses in U.S. futures. The benchmark, which flirted with the level last week, closed at 2,937.36, down 21 percent from a peak in November 2017, following other European indexes including Germany’s DAX and Italy’s FTSE MIB which closed in bear territory this year.
Today we're going to take a look at the well-established ING Groep N.V. (AMS:INGA). The company's stock saw significant share price movement during recent months on the ENXTAM, rising to Read More...
Concerns over rising interest rates and expected further rate increases have hit several stocks hard since the end of the third quarter. NASDAQ and Russell 2000 indices are already in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in the first half of […]
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the first 6 weeks of the fourth quarter we observed increased volatility and small-cap stocks underperformed […]
As a €42b market capitalisation company operating in the financial services sector, ING Groep NV (AMS:INGA) has benefited from strong economic growth and improved credit quality as a result of Read More...
ING announced today that Tanate Phutrakul will succeed Koos Timmermans as CFO of ING. As announced on 11 September 2018, in consultation with the Supervisory Board, Koos Timmermans will step down from his position as chief financial officer and member of the Executive Board of ING Group and will leave the company. In order to ensure an orderly transition Tanate Phutrakul will succeed Koos Timmermans, being appointed as CFO and member of the Management Board Banking on 7 February 2019, after the presentation of the 2018 fourth quarter and full year results, which is scheduled for 6 February 2019.
Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market. Commodities trading firms have piloted similar schemes in recent years as blockchain technology has the potential to drastically cut costs in an environment of razor-thin profit margins. London-based platform Vakt is the first of these to go live, with shareholder Gunvor Group saying it was rolled out on Wednesday, although no trades took place that day.
European Union finance ministers are set to delay a reform of money laundering supervision at banks next week because they first want to assess recent alleged cases of financial crime at the bloc's lenders, an EU draft document shows. The text, to be adopted on Dec. 4, backs a need "to strengthen the effectiveness of the current framework" after recent scandals, but does not propose institutional or legislative changes, like the creation of an EU-wide supervisor recommended by the European Central Bank. The document details an action plan that is meant to be the EU response to a series of high-profile cases of alleged money laundering at banks in several EU states, including Denmark, Estonia, Latvia, Luxembourg, Malta, Spain, the Netherlands, Britain and Cyprus.
MILAN/LONDON (Reuters) - With world equity markets set to call time on one of the longest bull markets in history, so-called 'value stocks' - wallflowers during the technology-led boom years - are suddenly back in fashion. European value stocks, defined generally as firms whose fundamental worth is not reflected in their current share price, have outperformed growth stocks since early October as a dramatic sell-off swept across global equity markets unnerved by gradual end of a decade of easy money and rising trade tensions.
JPMorgan Chase & Co. has invested in a startup whose technology can analyze an encrypted dataset without revealing its contents, which could be “materially useful” for the company and its clients, said Samik Chandarana, head of data analytics for the Corporate and Investment Bank division. JPMorgan could use the ‘secret computing’ technology to analyze a customer’s proprietary data on their behalf, using artificial intelligence algorithms without sacrificing privacy, Mr. Chandarana said. “This gives us a technological solution to be able to act on a client’s private data … without them having to worry about the security constraints or giving up all their information to us,” he said.
European Union governments have reached a preliminary deal to clamp down on money-laundering by strengthening bank supervision, but do not address key loopholes, documents show. A series of money-laundering cases at banks in several EU states have forced regulators to act after public outcry. The preliminary deal, which could be finalised before EU finance ministers are due to meet in December, confirms proposals made by the European Commission in September to give more powers to the European Banking Authority (EBA).
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.
ING Group was subject to the 2018 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the De Nederlandsche Bank, the European Central Bank (ECB), and the European Systemic Risk Board (ESRB). ING Group notes the announcements made today by the EBA on the EU-wide stress test and fully acknowledges the outcomes of this exercise. The 2018 EU-wide stress test does not contain a pass fail threshold and instead is designed to be used as an important source of information for the purposes of the SREP.
MILAN/LONDON (Reuters) - European shares hit a two-week high on Thursday as strong results from Dutch bank ING and UK telecoms group BT helped offset a disappointing update from Credit Suisse, and ASM International brought some cheer to chipmakers. The pan-European STOXX 600 (.STOXX) hit a two-week high but then lost steam over the session, ending with a 0.2 percent gain. European shares built on Wednesday's rally when fresh optimism over earnings helped ease worries over economic growth and political risk which sent the pan-European index close to two-year lows in October.
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, ...