ING Reports 12% Surge In Q1 Net Profit

ING Groep NV ING reported a 12% rise in its first-quarter net profit on Thursday. The company reported its quarterly net profit at 1.38 billion euros ($2.05 billion), versus the consensus of 1.32 billion euro. The company's underlying pretax profit at its banking division surged 32% to 1.7 billion euros. ING shares gained 0.59% to $13.07 in after-hours trading. Read more from Benzinga's Company news.