ING beat Q1 forecasts with earnings growth of 7.2% driven by loan book growth and stable margins.

The company is targeting customer growth of 25% over the next 2 years plus cost cuts of c.€900 million that alone could boost earnings by 15%.

Valuation looks reasonable with a TTM PE of 9.9 with a yield of 3.3%.

This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.

file:///C:/Users/6nations/Downloads/ING_Analyst_Presentation_1Q2018.pdf

Submitted May 28, 2018 at 01:52PM by InterestingNews1 https://ift.tt/2slR1gI