ING Climbs Most in Three Months After Earnings Beat Estimates
- Rising deposits and lending boost net interest income
- CEO Hamers sees pressure from interest rates continuing
ING's Flynn Confident Lender Can Grow Further
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ING Groep NV, the largest Dutch lender, climbed the most in three months in Amsterdam trading after third-quarter profit beat estimates.
ING jumped as much as 4.2 percent in Amsterdam trading, the biggest gain since Aug. 3, and was priced at 12.02 euros as of 9:44 a.m. Net income rose 22 percent in the quarter as investment gains climbed and increasing deposits boosted interest income.