ING 1Q18: While Revenue Generation Is Subdued, Lower Loan-Loss Provisions Help Net Income Increase
No-moat and stable trend rated ING reported its first-quarter 2018 results and posted EUR 1.2 billion net profit for the quarter, indicating an increase of over 7% year over year. On the revenue line, while net interest income increased slightly, fee and commission income saw a 3% decline versus the year-ago quarter.However, the boost in the bottom line mainly came from lower provisioning costs, which declined to EUR 85 million versus EUR 133 million last year. While the provisions line is bett...
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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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