ING : Q3 higher than consensus but for us more in line, commission income good
>Conclusion: The Q3 result was better than (the low) consensus - The 3Q21 net result was better than the (low) consensus by low loan losses and better retail commission income. For us the Q3 results were more in line. No extra capital return comments, but the NII story gradually improving somewhat by rising rates and charging negative rates in Germany. In total somewhat positive for the market.Bottom line earnings higher by low loan loss and better commis...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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