ING and CASA – Beacons in the Dark: Jefferies

During the third quarter, ING Groep NV (ADR) (NYSE:ING) is set to benefit from NIM, while Credit Agricole SA (EPA:ACA) (OTCMKTS:CRARY)’s CET1 will be improved. Accordingly, Jefferies analysts have assigned a ‘Buy’ rating on both banks Omar Fall and the team at Jefferies in their research note dated October 21, 2014, titled: “ING and CASA – Beacons in the Dark” point out all three French banks viz.: Grupo Casa Saba, S.A. (ADR) (OTCMKTS:GCSAY), BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY), and Societe Generale SA (EPA:GLE) (OTCMKTS:SCGLY) have recently experienced sizable gains through their Available for Sale (AFS) portfolio. ING’s NIM would continue…