Revenue Update on ING Groep NV (ADR)(NYSE:ING)

ING Groep NV (ADR)(NYSE:ING) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $5.09M. Analysts estimated a revenue of $17.38B. Earnings per share were $0.37.

ING Groep NV (ADR) (ING) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.25% at a volume of 16,40,260. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.84. The peak price level was also seen at $11.84 while the days lowest was $11.74. Finally the shares closed at $11.76. The 52-week high of the shares is $16.281 while the 52-week low is $9.255. According to the latest information available, the market cap of the company is $45,513 M.

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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