ING: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on ING shares, increasing its target price for them raised to E16, after raising its EPS expectations for 2023 and 2024, as well as share buybacks for 2023 to 2025.
The broker points out that the Dutch bank reported a better-than-expected Q1 net profit, thanks to better-than-expected revenues, costs and provisions.
Pointing to continued positive trends, Credit Suisse believes net interest income is on track to exceed E16.8bn in 2023, and well above E17bn in 2024, above the consensus.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker points out that the Dutch bank reported a better-than-expected Q1 net profit, thanks to better-than-expected revenues, costs and provisions.
Pointing to continued positive trends, Credit Suisse believes net interest income is on track to exceed E16.8bn in 2023, and well above E17bn in 2024, above the consensus.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.