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
Unspecified
It executes well and has prospered over the past few years. It is well capitalized and its cost ratio is down. The dividend is 7.7% which is in line with other European banks.
BUY
Best in its group. There's been an uptick in European banks in the last little bit. With Ukraine, everything's upside down. Watch where the buying is coming from. Banks are off their bottoms, though they're not running away. If there was some sort of truce, he thinks markets would move quickly.
PAST TOP PICK
(A Top Pick Nov 11/21, Down 35%) Down with global banks, nothing more than that. Nothing wrong with the company. Trades at 0.6 of book value, 8x earnings. Well run. Minimal exposure to Russia. Yield is 6-7%.
WAIT
Very forward-thinking, very well run. Europe is being bogged down by the Ukraine situation, and Europe might be slowly sliding into a recession, so banking is not where you want to be.
BUY
European bank stocks have been hammered worse then North American ones because of the Russian war. Valuations now look cheap, like 6x PE with SAN. However, ING is better-run and trades at a similar PE, and pays a 6% dividend, so he prefers it.
BUY
Retail bank that's growing, with 3+% dividend yield. Going to start share buybacks. Plenty of free cashflow. Expect net interest margins to expand and earnings to take off. Compelling and cheap.
PAST TOP PICK
(A Top Pick Jan 15/20, Up 27%) One of the best advanced tech banks in Europe, perhaps the best. Not a Fintech
TOP PICK
Financials will benefit from rising interest rates. Already announced dividend increases and share buybacks. Way over-capitalized. Trades at 10x earnings. Negligible bad loans. Growth in the loan book is well underway with the recovery. Yield is 7.29% (Analysts’ price target is $17.05)
DON'T BUY
He would not buy it. It has does reasonably well over the last little while, but the challenge is the volatility that has been in place. He would need more stability. He prefers another that is not interacting with Northern Europe.
PAST TOP PICK
(A Top Pick Jul 22/20, Up 73%) Remains incredibly cheap on a price to book value. Heavily capitalized. Exclusively a retail bank, so really tied to increased interest rates. Still a long way to run.
PARTIAL SELL

ING and Euro banks have run up, so switch to other banks around the world? For stability, switch to the Canadian banks exposed to the US (TD and BMO) which have lagged but are now catching up The US economy will have a few good quarters, because they're ahead in vaccinations. Even BNS is okay, given exposure to Latin America. The Canadian banks pay a solid dividend and boast strong balance sheets The Canadian banks pay nice dividends and offer quality balance sheets.

TOP PICK
All the European banks had to suspend their dividends this year. It is now trading at half book value and 7 times earnings. A compelling valuation. It operates primary in the Netherlands, Belgium and Germany --- three rock solid economies. He thinks they shares are worth double their current price. Yield 0% (Analysts’ price target is $11.55)
DON'T BUY
He has paired back European banks. He likes ING in isolation. He moved to North American banks. ING-N's problems stem from EU problems in the countries not getting along. Look at other banks that have a sustainable dividend that can grow. You need to get yield if you are in banks.
HOLD
ING is one of Europe's strongest banks that will remain profitable. Solid balance sheet. All Euro banks suspended dividends. ING had a light payout ratio. After this crisis, the dividends should return. Hang on and ride this out.
SELL
Narrative on banks generally is a poor one, because interest rate margins are coming down. Problematic for European banks. If you have a long-term view of 4-5 years, you may want to look at insurers.
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