RBC Capital Upgrades ING Groep NV (ADR) to Outperform

Brokerage firm RBC Capital Upgrades its rating on ING Groep NV (ADR)(NYSE:ING). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Sep 23, 2016.

ING Groep NV (ADR) (ING) made into the market gainers list on Tuesdays trading session with the shares advancing 0.33% or 0.04 points. Due to strong positive momentum, the stock ended at $12.18, which is also near the day’s high of $12.19. The stock began the session at $11.98 and the volume stood at 22,63,445 shares. The 52-week high of the shares is $14.96 and the 52 week low is $9.255. The company has a current market capitalization of $47,139 M and it has 3,87,01,83,300 shares in outstanding.

ING Groep NV (ADR)(ING) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.09M. Analysts had an estimated revenue of $17.38B. Earnings per share were $0.37.

ING Groep N.V. (ING) is a financial services company active in banking investments life and nonlife insurance and retirement services. The Company’s segments include: Retail Netherlands Retail Belgium Retail Germany and Retail Rest of World which offer current and savings accounts business lending mortgages and other consumer lending and Commercial Banking which offers wholesale banking (a full range of products from cash management to corporate finance) real estate and lease. The Company provides a range of products and services to support its customers’ needs. The Company offers retail banking services to individuals SMEs (small and medium sized enterprises) and mid-corporates in Europe Asia and Australia. The Company operates Qustomer SPRL as a wholly owned subsidiary.

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