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
BUY ON WEAKNESS
EU lower rates? He is not as bearish on Europe as others. The unemployment rate is low. ING-N seems a little expensive now to him, but it does make money every year. He would watch an look to buy it on weakness. If there is a recession next year, it would be a good time to pick it up. Analyst outlook is 13 Euros.
WAIT
He does own some right now, but he is challenged as to whether to add more. He is concerned about European Central Bank policy that is not creating a profitable long term yield curve. There is no rush to be buying these financials at the moment.
DON'T BUY
It's now-smaller company. A good, well-positioned bank, but his concern with the Dutch market are 30-year mortages they offer. So, it's tought for a bank to make money if it takes 30 years to roll-over a mortgage. Near-term this will be fine, because interest rates will be flat. However, there are better European opportunities.
HOLD
It bottomed last December at $10.21 and has now made a higher low, which is a good sign. If it rises above $13, it will see momentum, which has been lacking for quite a while. If it can rise above $13, it will signal momentum, which has been lacking lately. That breakout means it will reach $16 easily. Hold onto it.
DON'T BUY
He does not recommend European banks because of BREXIT. It means as Britain exits, ING-N have to send capital to their UK branches. And now they have to fund their US branches also.
BUY
Dutch banking company, they were a very large bank and insurance company, they owned ING Direct here before they had to spin it all out because of financial issues. Banking business has been restructured and thinks it's a great opportunity. The general environment in Europe has been difficult for banks. Very well run business. Buying it around these levels you should do well over the next several years. Not an insurance business anymore.
DON'T BUY
An horrendous chart. One challenge for ING is that in Holland you can get a 30-year mortgage. So, how do you increase net interest margins for banks when mortgage don't re-rate for 25 years or so? Their footprint is much smaller these days, too, after they sold off their insurance business. Other European banks offer more upside and better balance sheets, like HSBC and Santander.
COMMENT
It's been selling off. Watch sentiment about Europe with Germany and Italy in recession and Italy may leave Europe. ING has done well, but not better than 10 years ago. This is fine if you hold for 3-5 years and collect the yield.
BUY
Suffering from European malaise, plus flat or inverted yield curve. Earnings are very strong, dividend is very attractive, north of 5%, and well covered. Tends to stay out of trouble, retail bank. Great stock with a great dividend. Time to buy is now, when it has a single digit multiple. Solving Brexit should be a positive for European stocks in general.
DON'T BUY
Straggling now with growth. The dividend is not growing. Yield is attractive but not able to grow earnings. Free cash flow has to go up.
PAST TOP PICK
(A Top Pick Aug 22/18, Down 11%) A nice dividend is coming. It pays a 5% dividend yield. Generates over 1 billion Euros a quarter in profit that easily covers the dividend and could benefit with rising interest rates. not giving up on this name.
PARTIAL BUY
Trades at 9x earnings and below book value. Pays a 6.5% dividend. It's primarily a retail bank now. It's shown good numbers recently, like net-interest margins. It's a good retail bank in Europe with opportunity to grow. They're very tech-driven. This is a good buy in European banking long-term.
PAST TOP PICK
(A Top Pick Oct 23/17, Down 35%) He wanted to see more movement with central banks. If you look at European banks they have had a slide all year long. The dividends are back and internals are quite good. He has stuck with it. Once rates are normalized over there there will be quite a lift.
SHORT
Balance sheet is improving, but interest rates are still low in Europe and all European banks are waiting to rise. If you can wait, then you can buy these banks now.
PAST TOP PICK
(A Top Pick Oct 17/18, Down 15%) This was a play on the European yield curve. Interest rates will rise in Europe and he'd get a 5% yield. What happened was the complete opposite way, because the ECB has been overly accomodative. ING earns nearly 1 billion euros per quarter, but the stock is declining becuse the yield curve isn't doing anything.
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