ING : Q3 commission income better, SBB three months later, future EPS +3%
>Conclusion: future EPS +3%, SBB three months later, TP up - The recurring P&L items in 3Q21 were marginally better due to a higher than expected commission income. The Q3 NII and expenses were in line. The higher commission income level and the lower future tax rate guidance is in total about +3% positive for the future EPS. As the potential extra capital return will be announced somewhat later than expected, in May 2022, this has an offsetting small negative effect ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.