ING Group : Outlook and Q4 in line with expectations, as expected a SBB later in the year
>Conclusion: Outlook and Q4 in line with expectations, SBB later in the year - The by ING provided new and updated net revenue, cost and tax guidance for 2023 and 2025 is not resulting in any material estimate changes from our side. The 4Q22 earnings were in line with expectations. We increase our expected SBB for 2023 somewhat to € 2bn (was € 1.5bn), which is expected to be announced at the Q1/Q2/Q3 results. In 2023 we expect a new CLA agreement for the NL, but ING’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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