1242 GMT - ING Groep is among the most mentioned companies across news items over the past seven hours, according to Factiva data, after the Dutch bank reported market beating first quarter earnings and announced a 1.5 billion-euro ($1.65 billion) share buyback. Net profit for the quarter was EUR1.59 billion compared with a company compiled consensus of EUR1.11 billion. Net interest income came in at EUR4.01 billion against a consensus of EUR3.93 billion. ING's temporary net interest income headwinds should relax when European Central Bank rates normalize, UBS said in a note following the earnings. Jefferies analyst Flora Bocahut and associate Theo Massing wrote that earnings were particularly strong and beat consensus on every line. Shares are up 3.1% at EUR11.41. Dow Jones & Co. owns Factiva. (ian.walker@wsj.com)

(END) Dow Jones Newswires

May 11, 2023 09:00 ET (13:00 GMT)

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