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
TOP PICK

ING trades below book value and pays a solid 6.3 per cent dividend.

BUY
European banks are on sale. ING pays out 50% of its earnings and paying a high dividend. You can buy here--it's come off the bottom--but be patient. Low interest rates hurt these banks. Collect the fat return and wait.
DON'T BUY
After the 2008 crisis, they sold off a lot of assets, including insurance, banking and other areas. Mortgages can be 30 years in Europe and the margins are very weak. Further interest rate cuts there could make it even more challenging. He thinks there are betting opportunities.
DON'T BUY
It was in a long-term downtrend all through 2018, then based this year. If it breaks out above current levels (possibly), it could test past high levels. For whatever reason, the market has put ING in the penalty box. He isn't positive about ING, based on the chart.
HOLD
ING was very large, prior to the global banking crisis. Now they have reduced quite a lot. The most interesting part of the Dutch banking market is the 30-year mortgage. This means there will be a challenge for Dutch banks to grow earnings due to money being locked in. It is a great bank and earnings will work. The dividend is attractive and he would hold. Yield of 6.5%.
DON'T BUY
An ethical issue with all the anti-money laundering issues in Russian and eastern European countries. They aren't growing revenues to offset costs. There are other European banks that are clean with a much higher rate. There are also negative interest rates in Europe right now so it's difficult for them to grow business.
DON'T BUY
He does not care for European banks. They have the lowest interest rates in the world and an economy on the verge of recession. They are not well positioned.
COMMENT

ING vs. HSBC Banking has a had a tough year, especially in Europe with negative interest rates. The Euro economy hurts the banks. HSBC has an Asian franchise, which is a plus. ING has become much more of a retail bank with a good ROE. They trade at below book value and pay reasonable dividends, but you will do well only with a long-term horizon. Their cost structures look much better now.

WEAK BUY
Continue to hold? The challenge is the negative interest rates in Europe. Globally banks have turned into utilities. He does not expect the negative interest rates to last -- you can't continue to pay people to have a mortgage. The bank has a good balance sheet. You may look to put more money in here to average down -- especially with the Euro being so weak. A good hold longer term.
SELL
A tough one. Affected by uncertainty in Europe. Making lower highs and lower lows. Downtrend is not over. Could rally, but inclined to get rid of it. Avoid it if you don't own it.
SELL
It was consolidating for a while. Everyone has lost money on this. There's some volume now and is bouncing back slightly. Not enough buyers are coming in. It''s been in free-fall since $11. It isn't recovering. Bite the bullet and sell at a loss. Buy a small position if this returns to $10.
PAST TOP PICK
(A Top Pick Aug 01/18, Down 33%) It is suffering by like every European financial. The dividend is 8% even paying out only half their earnings. 7 times multiple. Negative interest rates mean they charge depositors to hold cash. Their earnings have not been impacted.
DON'T BUY

ING vs. HSBC. HSBC is a global bank, strong in Asia and the UK. ING is already restructured, more of a retail bank. Neither is expensive. But you can buy US banks at cheap multiples today. US banks are in better shape, more capital, fewer issues to worry about like negative interest rates.

DON'T BUY

ING vs. HSBC Neither. He won't touch any European bank given negative interest rates. Period. HSBC does a lot of international lending and international flows aren't well-received by regulators; and they lend to the Far East. HSBC isn't a leader in many categories. ING, at least, leads in online banking in Europe, but they have loaned heavily to energy.

DON'T BUY
Like other European banks, interest rates are negative, so can't make money off net interest margin. Has an overhang of compliance and has been caught in the Russian money laundering scandal.
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