** charts after earnings **
Dutch bank ING Groep NV (ING) Thursday posted a higher-than-expected rise in fourth-quarter earnings, but hinted at a more cautious dividend policy in light of new capital requirements.
- Lender proposes final dividend of 65 cents a share for 2015
- Main retail and commercial banking businesses boosted results
ING jumped as much as 11.2 percent in Amsterdam, the most since December 2011. Net income was 819 million euros ($915 million) the biggest Dutch lender said in a statement on Thursday. That beat 789 million euros, the average of five analyst estimates compiled by Bloomberg. ING proposed a total dividend of 65 cents a share on 2015 earnings.
A strong operational performance, “solid dividend pay-out and outlook, coupled with reassuring message on oil and gas, provides the necessary ingredients for a strong bounce today,” JanWillem Knoll, an analyst at ABN Amro Group NV, said in a note to clients.
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