Full Steam Ahead for ING’s Digital Transformation; Good 2017 Results Backed by Healthy Core Revenue
ING posted total underlying income of EUR 17.7 billion and net income of EUR 4.9 billion for full-year 2017, indicating an increase of 1.4% and 6% compared with last year. While net results were slightly below our estimate, we deem the results good, as the bank is full steam ahead with its digital transformation efforts and cost-reduction plans. Where we stand, we believe ING is well ahead of some of the European peers when it comes to its fintech and digitalisation efforts. While 2017’s cost/in...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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