Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe.
ING Groep Second Quarter 2024 Results
Key Financial Results
Revenue: €6.93b (up 44% from 2Q 2023).
Net income: €2.88b (up 78% from 2Q 2023).
Profit margin: 42% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: €0.88.
You can get ING valuation, here https://www.growthvaluation.com/download-category/evaluations/