- ING +6.1% in premarket trade after the bank's underlying profit rose 14% Y/Y to €1.15B, beating analysts' estimates
- The numbers suggest the company's restructuring plan - cutting expenses by €1B by 2015 - is on track, and the bank says today it's studying ways of expanding the cost-cutting regime.
- Following the sale of ING US (VOYA) and other divestitures, the company has completed about 70% of its EU-mandated plan to trim its balance sheet by 45%.
- The good results don't stop outgoing CEO Jan Hommen from complaining about the domestic economy: "We are having a tough time in the Netherlands ... There are some bright spots, and we see a bit more activity in some places. But this is mainly outside of the Netherlands."
From other sites
at Zacks.com (Mar 5, 2015)
at Benzinga.com (Jan 5, 2015)
at Nasdaq.com (Nov 17, 2014)
at CNBC.com (Nov 11, 2014)
at CNBC.com (Nov 4, 2014)
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