Stock market view: ING underlying slightly better than expected


ING (17:17)

EUR 6,467

(ABM FN-Dow Jones) Underlying, ING performed slightly better than expected last quarter. Analysts at Morgan Stanley concluded this on Thursday.

According to Morgan Stanley, this small windfall was mainly due to the higher income that ING generated. The fees did well, but the interest income was somewhat disappointing, according to the analysts.

Morgan Stanley’s provisions for loan losses were also disappointing. It probably also contained a post for the German Wirecard. However, it is expected that the commission in the second half of the year will be lower than the 2.0 billion euro in the first six months.

Morgan Stanley has a Equal Weighted opinion on ING with a price target of 7.00 euros.

ABMFNABM Financial News; [email protected]; Redactie: +31(0)20 26 28 999.
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