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J.P. Morgan Remains a Buy on ING GROEP (0RIC)

Tipranks - Tipranks - Tue Feb 3, 7:13AM CST

J.P. Morgan analyst Delphine Lee maintained a Buy rating on ING GROEP today and set a price target of €28.50.

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According to TipRanks, Lee is a 5-star analyst with an average return of 24.1% and a 65.53% success rate. Lee covers the Financial sector, focusing on stocks such as ING GROEP, Credit Agricole, and Intesa Sanpaolo SpA.

In addition to J.P. Morgan, ING GROEP also received a Buy from Citi’s Shrey Srivastava in a report issued on January 30. However, on January 29, RBC Capital maintained a Hold rating on ING GROEP (LSE: 0RIC).

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Based on ING GROEP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €24.26 billion and a net profit of €1.68 billion. In comparison, last year the company earned a revenue of €27.87 billion and had a net profit of €1.78 billion

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