ING Groep N.V. Sponsored ADR (ING)
ING first globally important bank to meet climate watchdog standards
ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday.
ING Groep: An Ambitious ROE Target Of Over 14% For 2027
If we exclude the volatile Other income category, ING Groep relies on net interest income for 79% of its revenues - a key concern during ECB monetary policy normalization. Lower NII and a normalizing cost of risk resulted in ING reporting a return on equity of 13% in 2024, below the exceptional 14.8% result in 2023. The bank's ROE is forecast at above 12% in 2025, impacted by higher costs and the ongoing effects of ECB rate cuts on NII.
ING Groep: So-So Q4 Results, But Shares Still Offer An Attractive Total Yield
Shares of ING Groep N.V. have been pretty soft since my last update, trailing the wider European financials space. Fourth quarter net income missed sell-side expectations, with lower Eurozone interest rates weighing on the bank's deposit margin. The core capital returns story remains in place here - with 2025 set to be another bumper year for dividends and buybacks.
Dutch bank ING misses net profit expectations on cost, loan provisions
ING Groep , the largest Dutch bank by assets, reported lower-than-expected fourth-quarter profit on Thursday, weighed by higher operating expenses and loan loss provisions.
ING CEO weighs acquisitions to grow in Germany, Italy and Spain
Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.
ING Groep to sell Russian business to Global Development JSC
Dutch lender ING Groep said on Tuesday it reached an agreement to sell its business in Russia to Global Development JSC, effectively ending all activities in the Russian market.
ING Forecasts More Inflows into Gold ETFs in 2025
Exchange traded funds (ETFs) offer an easy ingress for investors to get gold exposure. With that, research firm ING is forecasting more inflows into gold-focused ETFs in 2025.
Gold rally will continue in 2025, spot price to average $2,800/oz in H1 – ING
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ING Groep: Big Shareholder Yield, Sluggish EPS Growth, Downbeat P/E
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.
Down -6.21% in 4 Weeks, Here's Why You Should You Buy the Dip in ING (ING)
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. (ING) Q3 2024 Earnings Call Transcript
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: Mixed Q3 But Welcome Progress On Capital Returns
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.
