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ING Direct

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  1. Capital One Is Cheap, But Earnings Growth Is Uncertain

    Headlines

    Mon, 18 Aug 2014

    sixth largest depository institution in the US with ~$200B in loans as of CYE 2013. The firm's acquisition of the US ING Direct business made it a real player in the loan space by bolstering its ability to use low cost depositor funding to make

  2. Capital One Still Generates Good Capital Returns Even During a Cyclicly Down Fourth Quarter

    Commentary

    Fri, 17 Jan 2014

    quarter. However, with the sale of the Best Buy portfolio along with the planned runoff of home mortgages acquired in the ING Direct deal, total loans declined compared with a year ago. Although net charge-offs were slightly higher, as we anticipated

  3. From Barron’s, December 2, 2013 (Part 2)

    Commentary

    Sat, 30 Nov 2013

    stories: Capital One [ COF ; 4 th largest credit card issuer; 9 th largest bank; biggest online bank when it took over ING Direct ; +25% YTD vs. +43% for regional bank KRE ; pg 19]; turnaround plays [ DAL, GM, HPQ, OI, PBI, SWY ; pg 21

  4. Bank of Nova Scotia Reports Improved Results Across All Business Segments in the Third Quarter

    Commentary

    Tue, 27 Aug 2013

    and net income increases during the quarter because of strong earning asset growth largely due to the acquisition of ING Direct , which closed in first-quarter 2013. In addition, the provision for credit losses was lower compared with a year

  5. What's in Your Wallet? Maybe It Should Be Capital One

    Headlines

    Mon, 29 Jul 2013

    In 2012, Capital One acquired ING Direct 's U.S. operations, at the time ..... especially those acquired in the ING Direct acquisition, to run off. Given ..... beginning with the acquisition of ING Direct and its mortgage portfolio in the

  6. Lower Credit Costs and Improved Margin Help Capital One Financial to a Strong First Quarter

    Commentary

    Fri, 19 Apr 2013

    net income for first-quarter 2012 included a bargain purchase gain of approximately $600 million related to the ING Direct acquisition. Without the purchase gain, net income for first-quarter 2012 would have equaled $809 million, or

  7. Lower Credit Costs and Improved Margin Help Capital One Financial to a Strong First Quarter

    Commentary

    Fri, 19 Apr 2013

    net income for first-quarter 2012 included a bargain purchase gain of approximately $600 million related to the ING Direct acquisition. Without the purchase gain, net income for first-quarter 2012 would have equaled $809 million or $1

  8. Acquisition of ING Direct Canada helps boost Bank of Nova Scotia's first-quarter earnings

    Commentary

    Tue, 5 Mar 2013

    2013 compared with CAD 1.4 billion, or CAD 1.20 per diluted share, for first-quarter 2012. With the addition of ING Direct , the Canadian banking segment produced strong results during the quarter. Scotiabank's international segment showed

  9. Capital One Disappoints with Fourth-Quarter Results

    Commentary

    Tue, 22 Jan 2013

    With the integration of HSBC's card business and ING Direct , Capital One is nearly one third larger than it was ..... completion of the HSBC credit card acquisition and the ING Direct purchase, Capital One is expecting about $12 billion

  10. Capital One Impresses with Strong Earnings in 3Q

    Commentary

    Fri, 19 Oct 2012

    All in, we are now more positive on the firm's prospects following the integration of HSBC's card business and ING Direct . While we still think there is more integration risk down the road, the strong financial showing in the quarter proved

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