ING Q3 Profit Missed Consensus on Lower Other Income, Higher Costs
J.P. Morgan analysts said the Dutch bank's third-quarter results were not as bad as headline figures suggested, despite profit missing consensus expectations. Lower other income, higher costs and higher provisions drove the miss.
ING Groep's third-quarter results aren't as bad as headline figures suggest, J.P. Morgan's Delphine Lee and Kian Abouhossein write. The Dutch bank's results missed consensus profit expectations, mainly due to lower other income, higher costs and higher provisions, JPM notes. However, the bank's ope…