Report

ING : Lacking triggers

>Still in the investment phase - ING’s results beat the consensus mainly because of lower-than-expected provisions. Following this earnings report, we do not expect any upward revision to consensus forecasts. Our 2018 EPS estimates are broadly unchanged, but we have revised down our 2019e EPS forecasts by 6.3% mainly to take account of lower revenue growth and a higher cost of risk, although it should remain at a low level. With its negative operating leverage, owing ...
Underlying
Itau Unibanco Holding S.A. Cedear Pref

Provider
Oddo BHF
Oddo BHF

​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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