Investing.com - ING Groep (AS:INGA) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ING Groep announced earnings per share of €0.19 on revenue of €4.17B. Analysts polled by Investing.com anticipated EPS of €0.1335 on revenue of €4.22B.
ING Groep shares are up 7% from the beginning of the year and are trading at €8.20 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 4.16% from the start of the year.
ING Groep shares gained 4.84% in intra-day trade following the report.
ING Groep follows other major Financial sector earnings this month
ING Groep's report follows an earnings missed by Aegon on Thursday, who reported EPS of €-0.08 on revenue of €10.62B, compared to forecasts EPS of €0.11 on revenue of €10.95B.
ABN AMRO had missed expectations on Wednesday with fourth quarter EPS of €0.03 on revenue of €1.8B, compared to forecast for EPS of €0.0664 on revenue of €1.82B.
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