- ING’s net income for the first quarter was €1.46 billion, surpassing the estimated €1.34 billion.
- Total income reached €5.64 billion, slightly above the expected €5.57 billion.
- Net interest income fell short, reported at €3.62 billion compared to the projected €3.71 billion.
- Net fee and commission income came in at €1.09 billion, higher than the expected €1.06 billion.
- Pretax profit stood at €2.12 billion, exceeding the estimation of €2 billion.
- The net interest margin was reported at 1.36%, lower than the anticipated 1.41%.
- Risk-weighted assets amounted to €337.2 billion, slightly above the estimate of €336.73 billion.
- Common Equity Tier 1 ratio was reported at 13.6%.
- The cost-to-income ratio was 56.8%, better than the expected 58.2%.
- Provision for loan losses was €313 million, lower than the forecasted €350.9 million.
- The stock has 12 buy recommendations, 10 holds, and 2 sells from analysts.
A look at ING Groep NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, ING Groep NV seems to have a positive long-term outlook. With a strong score for Dividend and solid scores for Value, Growth, and Momentum, the company appears to be well-positioned to deliver returns to investors over time. While its Resilience score is slightly lower, the overall positive ratings indicate that ING Groep NV is performing well across key factors.
As a multinational financial services company, ING Groep NV offers a range of services to individuals, corporations, and institutions worldwide. The company’s focus on value, dividends, growth, and momentum suggests a robust business model that may attract investors seeking stable returns and potential for growth in the financial sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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