ING Group released its Q3 20 numbers this morning. The share price is down more than 6% due to a disappointing set of results, especially at the top line and net interest income more precisely. Total expenses were also above expectations, leading to a gross operating income roughly 10% below expectations. Loan losses were the only bright spot in the end but these were mostly expected following ING Group’s European peers earnings releases.
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Disappointing numbers
ING Group released its Q3 20 numbers this morning. The share price is down more than 6% due to a disappointing set of results, especially at the top line and net interest income more precisely. Total expenses were also above expectations, leading to a gross operating income roughly 10% below expectations. Loan losses were the only bright spot in the end but these were mostly expected following ING Group’s European peers earnings releases.