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ING : Q2 2018 net profit beats forecasts thanks to non-recurring items
>Q2 2018 net profit came to € 1,428m, up 8% y-o-y and above forecasts - Net profit came to € 1,428m, up 8% y-o-y and beating the consensus by 7.6%. The gap with the consensus stems from revenues (+2.6%) and provisions (-39%). At the revenue level, the difference with the consensus stems mainly from fees, which were 3.8% higher than expected, and other revenues, which came in 16% ahead of forecasts. Net interest income rose 2.4% y1eo1ey, a slight 0.7% ahead of the consen...
Underlying
Itau Unibanco Holding S.A. Cedear Pref
Provider
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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