Hi there, I was wondering why stock shares rise so slowly, and I would like to discuss this by using ING as an example.
So ING is one of the Netherlands' largest banks and they disclosed their Q1 results of 2023 this morning. A summary of the results can be found here .
In short:
Net results rose with 46.1% from 2022Q4
They announced a share purchase program worth 1.5B euros.
ING shares rose with 3.81% today(trading at Euronext Adam is closed off while writing this post)
So I know the stock prices doesn't go up on a 1:1 ratio with the net result of a company, but I find the 3,81% a bit… lackluster? To me with these results it ahould rise higher..
Can you tell me a bit about the driving forces behind the increase of stock share price about ING or in general? Any new insight would be greatly appreciated.
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