ING Beats on Profit, Raises Profitability Outlook for 2027

ING Groep NV reported quarterly profit that beat estimates and it also lifted the profitability guidance for 2027.

The Netherlands’ largest bank expects a return on tangible equity of more than 15% next year, it said in a statement on Thursday. It also said it it anticipates revenue to exceed €25 billion in the period, which will include more than €5 billion in fees.