NYSE:ING

ING Groep NV (ING)

28.71
-0.56 (1.91%)
as of Jun 10, 2026, 8:00:00 pm Market Open.
129 watching
0
SELL

(Market Call Minute) Going through significant restricting because Dutch government bailed the company out

DON'T BUY
In two very, very difficult lines of business. Banking and Insurance. If he were to look at it, they are primarily a deposit taking institution, which is good. A benign chart speaks well of the business.
BUY
On the watch list. Could potentially buy any time. Owns 5 banks so had a lot in financial right now. If he didn’t, he could see buying it. Key for the economy in Netherlands. Thinks eventually it will prosper again.
DON'T BUY
European insurance companies may be a little bit better than the banks themselves, but they have too much exposure to sovereign debt.
DON'T BUY
Caught up in banking challenges in Europe. Have a good focus on the international retail market. Before he looked he would see what exposure they have to the European sovereign market. Research this stock and its exposure.
DON'T BUY
Got an $8 billion injection from the Dutch government to stay solvent. Have been shedding insurance assets globally as well as some of the banking assets. You would be better served with a more cash flow oriented brand of investing. There will be a lot of volatility over the near-term.
DON'T BUY
Not done badly over the last year. Worst scenario for insurance companies is when stock markets and interest rates go down. Although it’s recovered a little bit since the financial crisis, it has large exposure to the European market.
PAST TOP PICK
(Top Pick Jan 24/11, Up 18.54%) Did get itself in trouble during the collapse. Will be spinning off their two global insurance businesses. Said they would sell ING direct if they get the right price. Trading for less than book value. The breakup value of the company is $25.
TOP PICK
Pure retail bank/insurance company. Made a small mistake during the financial crisis by taking deposits from ING Direct and buying US sub-prime paper. Now completely recovered and profitable. At a $10-$11 share price they will earn $1.80 per share this year. Took a $10 billion loan from the Dutch government and already repaid half. Will spin off 2 IPO’s in the next 12 months of their US and European insurers. Low risk.
HOLD
Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services.
COMMENT
Will be splitting into 2 parts, banking and life insurance. This is probably the right decision, as it will give them a focus. Thinks the insurance business is very strong. European banks are going to have a struggle.
DON'T BUY
Interesting strategy. Trying to be a low-cost producer in global banking by aggressively going after the retail base, which is fairly capital intensive so this is not one he would favour.
BUY
Went through a harrowing experience last fall. Had some issues distressed balance sheets. Sold off their ING Canada holdings. Given the run on pure banks, insurance companies might be better opportunities at this time.
COMMENT
Has been hurt more than any other crisis before. Got caught on the US subprime loans and been forced to sell assets. Have now dealt with a lot of the issues and the Dutch government provided some financial help. Eventually all the banks and institutions will somehow find their way back.
SELL
Wouldn't want to own this one right now as there will be future demands for more capital, which will dilute the earnings per share. This choice would be Banco Bilbao (BFR-N).
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