Investing.com - ING Groep (AS:INGA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ING Groep announced earnings per share of €0.31 on revenue of €4.68B. Analysts polled by Investing.com anticipated EPS of €0.2968 on revenue of €4.53B.
ING Groep shares are up 22% from the beginning of the year, still down 33.56% from its 52 week high of €14.00 set on February 9. They are outperforming the DAX which is down 13.45% from the start of the year.
ING Groep shares lost 2.74% in intra-day trade following the report.
ING Groep follows other major Financial sector earnings this month
ING Groep's report follows an earnings matched by Flow Traders NV on July 22, who reported EPS of €0.26 on revenue of €83.45M, compared to forecasts EPS of €0.26 on revenue of €83.5M.
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