ING Group : Ambitious cost target for 2025, path for capital returns until end 2025
>Conclusion: Ambitious cost target 2025, no change net profit estimates - ING presented targets for 2025, and we believe that its revenue target is realistic, but the cost target is somewhat ambitious. We feel comfortable with our current net profit earnings estimates for 2024 and 2025, so no changes. As they provided a path for the return of excess capital we have put in a € 1.5bn SBB (4% of current market cap) for each year 2023, 2024, and 2025 (and keep a € 0.6bn S...ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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