Breakouts Proliferate; Bullish Outlook Intact The S&P 500, Nasdaq 100, and DJI are breaking out to new all-time highs following 3-week consolidations, while the small-cap Russell 2000 (IWM), mid-cap S&P 400 (IJH), Vanguard Extended Market ETF (VXF), and countless other Sectors/industries are breaking out from 3-week bullish falling wedge/flag patterns. This is classic bull market behavior. Considering market dynamics remain healthy, this is all evidence that supports our ongoing bullish outlook...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
ING's first-quarter results came in at EUR 1,119 million, down 9% compared with the same period last year. Although these results look weak at the first glance, underlying operations were not as downbeat. Net interest income and fee and commission income both increased little more than 2% vis-Ã -vis last year driven by higher volumes in customer lending, improved mortgage margins, and higher fee income in Germany and the Netherlands more than offsetting lower fees from Turkey and Belgium. Operat...
ING's first-quarter results came in at EUR 1,119 million, down 9% compared with the same period last year. Although these results look weak at the first glance, underlying operations were not as downbeat. Net interest income and fee and commission income both increased little more than 2% vis-Ã -vis last year driven by higher volumes in customer lending, improved mortgage margins, and higher fee income in Germany and the Netherlands more than offsetting lower fees from Turkey and Belgium. Operat...
Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in ...
Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in ...
ING reported net profit of EUR 4.7 billion, down 4% from last year, impacted by the EUR 775 million penalty paid to Dutch authorities related to money laundering cases. Underlying net results, however, which do not include these one-off charges, give a better picture of ING's business development through the year. Underlying results increased 9% to EUR 5.4 billion as income generation outpaced higher expenses. Loan loss provisions of EUR 656 million were again low in a historical context, while ...
ING reported net profit of EUR 4.7 billion, down 4% from last year, impacted by the EUR 775 million penalty paid to Dutch authorities related to money laundering cases. Underlying net results, however, which do not include these one-off charges, give a better picture of ING's business development through the year. Underlying results increased 9% to EUR 5.4 billion as income generation outpaced higher expenses. Loan loss provisions of EUR 656 million were again low in a historical context, while ...
ING reported net profit of EUR 4.7 billion, down 4% from last year, impacted by the EUR 775 million penalty paid to Dutch authorities related to money laundering cases. Underlying net results, however, which do not include these one-off charges, give a better picture of ING's business development through the year. Underlying results increased 9% to EUR 5.4 billion as income generation outpaced higher expenses. Loan loss provisions of EUR 656 million were again low in a historical context, while ...
We don't believe ING's management had this scenario in mind when it chose "Think Forward" as the title of its strategic plan in 2014, although it fits its third-quarter results surprisingly well. Net results in the quarter came in at EUR 776 million, down 44% compared with last year, as the bank booked EUR 775 million in settlement charges with the Dutch Public Prosecution Service related to its money laundering misconduct. Excluding these charges, however, ING showed good underlying performance...
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