ING Groep NV

ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending. The Retail Belgium segment provides banking, life and non-life insurance, and asset management products and services. The Retail Germany segment deals with retail and private banking, which offers current and savings accounts, mortgages, and customer lending. The Retail Other segment covers income from retail banking activities. The Wholesale Banking segment includes cash management to corporate finance, real estate, and lease. The Corporate Line segment represents capital management activities and certain income and expense items. The company was founded on March 4, 1991 and is headquartered in Amsterdam, the Netherlands.

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I maintain a buy rating on ING Groep due to its undervaluation, despite technical risks and modest earnings growth expectations. ING's Q3 2024 performance showed strong ROE, CET1 ratio, and a 17% shareholder return, with a forward dividend yield of 7.8%. The bank's revenue and EPS growth are forecasted to be modest, justifying a low P/E multiple, but shares trade below book value.

ING Groep: Big Shareholder Yield, Sluggish EPS Growth, Downbeat P/E

ING (ING) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -6.21% in 4 Weeks, Here's Why You Should You Buy the Dip in ING (ING)

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ING Groep N.V. (NYSE:ING ) Q3 2024 Earnings Conference Call October 31, 2024 4:00 AM ET Company Participants Steven van Rijswijk - Chief Executive Officer Tanate Phutrakul - Chief Financial Officer Ljiljana Cortan - Chief Risk Officer Conference Call Participants Benjamin Goy - Deutsche Bank AG Guillaume Tiberghien - BNP Paribas Exane Tarik El Mejjad - Bank of America Merrill Lynch Farquhar Murray - Autonomous Research LLP Kirishanthan Vijayarajah - HSBC Samuel Moran-Smyth - Barclays Bank Giulia Miotto - Morgan Stanley Benoit Petrarque - Kepler Cheuvreux Anke Reingen - RBC Capital Markets Matthew Clark - Mediobanca Operator Good morning, this is Laura welcoming you to ING's 3Q 2024 Conference Call.

ING Groep N.V. (ING) Q3 2024 Earnings Call Transcript

ING Groep N.V. reported third quarter earnings today, beating consensus on the bottom line. The bank announced an extra €2.5 billion in capital returns to shareholders, with its capital ratio slowly working its way towards management's 2025 target. The stock has dipped back below tangible book value. With the bank's return on tangible equity still comfortably in the double-digits, the valuation remains attractive.

ING Groep: Mixed Q3 But Welcome Progress On Capital Returns

ING Groep announced on Thursday next tranche of profit distribution consisting of share buyback and dividend totalling up to 2.5 billion euros ($2.71 billion), as it reported a lower-than expected third-quarter net interest income (NII), as slight increase in earnings from lending was offset by a decline from liabilities, and treasury-related income.

ING plans share buyback, cash dividend of up to 2.5 billion euros

ING announces shareholder distribution of up to €2.5 billion ING announced today an additional shareholder distribution of up to €2.5 billion. The distribution consists of a share buyback programme for a maximum total amount of €2 billion and a cash dividend payment of €500 million.

ING announces shareholder distribution of up to €2.5 billion

Launched in June 2024, the sustainability-linked revolving credit facility was designed to support working-class communities. MIAMI and NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year.

Lafayette Square Announces ING's Expanded Commitment to Revolving Credit Facility

Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: ING Group N.V. 2024" company profile has been added to ResearchAndMarkets.com's offering.

ING Group Digital Transformation Analysis Report 2024: Accelerators, Incubators, and Innovation Programs

Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank's chief executive told Reuters.

ING bank tightens restrictions on oil and gas lending

ING Groep N.V. reported Q2 earnings showing rates are now a headwind for growth, leading to a premium valuation. Despite strong fundamentals and high dividend yield, ING's revenue decline and cost pressures make it less attractive for investment. ING's profitability is expected to decline in the near future, with uncertain macroeconomic conditions potentially impacting earnings growth.

ING Groep: There Are Better Income Alternatives In The European Banking Sector

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Dutch bank ING Groep is looking for more local mergers and acquisitions focused on targets with a developed digital offering, its CEO said on Thursday, adding that Germany's Commerzbank did not fit the bill.

ING CEO favours smaller M&A deals, Commerzbank not sufficiently digital

ING Groep N.V. (NYSE:ING ) Q2 2024 Earnings Conference Call August 1, 2024 3:00 AM ET Company Participants Steven van Rijswijk - CEO Tanate Phutrakul - CFO Ljiljana Cortan - Chief Risk Officer Conference Call Participants Benoit Petrarque - Kepler Cheuvreux Giulia Miotto - Morgan Stanley Tarik El Mejjad - Bank of America Merrill Lynch Samuel Moran-Smyth - Barclays Benjamin Goy - Deutsche Bank Anke Reingen - RBC Hugh Moorhead - Berenberg Farquhar Murray - Autonomous Operator Good morning, this is Laura welcoming you to ING's 2Q 2024 conference call.

ING Groep N.V. (ING) Q2 2024 Earnings Call Transcript

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Does ING Groep (ING) have what it takes to be a top stock pick for momentum investors? Let's find out.

ING Groep (ING) is a Great Momentum Stock: Should You Buy?

MIAMI and NEW YORK , June 25, 2024 /PRNewswire/ -- Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that it has entered into a new hybrid credit facility with ING Capital LLC ("ING"). The facility will be secured by a combination of Lafayette's Square's portfolio and the unused capital commitments of its investors and will support Lafayette Square's direct lending activities, with a primary focus on first lien senior secured loans.

ING to Provide Sustainability Linked Revolving Credit Facility for Lafayette Square

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ING and BPRN made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 21, 2024.

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ING (ING) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

ING (ING) Upgraded to Strong Buy: What Does It Mean for the Stock?

ING is targeting total income growth of between 4% and 5% per year in 2024 to 2027, the largest Dutch lender by assets said in a statement on Monday ahead of its capital markets day event.

ING targets annual total income growth at 4%-5% from 2024-2027

Dutch bank ING plans to set up its new investment banking unit's European headquarters in Madrid, Spanish daily Cinco Dias reported on Wednesday.

ING to set up European investment bank hub in Madrid, Cinco Dias says

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ING shares rose after the Dutch lender said it plans to buy back up to €2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates.

ING Continues Buybacks to Boost Captial Ratio

News for ING Groep NV Stock (ING)