Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
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 (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.
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. 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.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
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.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
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.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
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.