1347 GMT - ING Groep's result reflected weaker-than-expected net interest income but the Dutch bank's so-called other revenue stream came in stronger than expected, RBC Capital Markets analyst Anke Reingen says in a research note. The segment mainly reflects revenue from hedging programs and gains or losses on the sales of group companies. The segment rose 45% on year which helped drive the bank to raise its total income guidance for the year, the analyst says. The company said it expects to achieve more than 22.5 billion euros in total income, up from more than 22 billion euros previously. Though the company increased its guidance for the metric consensus already was at 22.5 billion for the metric ahead of the company's result, the analyst says. Shares trade 1.2% higher to 15.75 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
October 31, 2024 10:01 ET (14:01 GMT)
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