ING's Posts Better-Than-Expected Fourth-Quarter Results
February 04 2016 - 1:08AM
Dow Jones News
By Maarten van Tartwijk
Dutch bank ING Groep NV on Thursday posted a
bigger-than-expected rise in fourth-quarter earnings, driven by a
robust performance in its retail and wholesale divisions.
Underlying pretax profit, which excludes special items and
divestments, was EUR1.2 billion ($1.3 billion) for the last three
months of 2015, a 54% rise compared with the same period of the
previous year. Analysts polled by The Wall Street Journal had
predicted an underlying pretax profit of EUR1 billion.
Net profit was EUR819 million, a 30% drop from the year-earlier
period when the results still included income from ING's insurance
businesses.
ING said it would pay a full-year dividend of EUR2.5 billion, or
EUR0.65 a share.
Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com
(END) Dow Jones Newswires
February 04, 2016 01:53 ET (06:53 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
ING Groep NV (NYSE:ING)
Historical Stock Chart
From Apr 2024 to May 2024
ING Groep NV (NYSE:ING)
Historical Stock Chart
From May 2023 to May 2024