Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Lending Growth Helps Propel Strong 2Q Results for ING

ING reported strong second-quarter results on the back of consistent net interest income gains, improved performance of its financial markets business, and the sale of its stake in Visa for EUR 200 million. Underlying net profit climbed 27% year over year and 68% from the last quarter to EUR 1.42 billion, thanks to the widespread growth of the firm's core lending franchises. We plan to maintain our $14 and EUR 13 fair value estimates and no-moat rating in light of these good results. Net interes...
Underlying
ING Groep N.V. ADS

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Stephen Ellis

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