NYSE:ING
11.81
0.04
(0.34%)
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam.
More at Wikipedia
Analysis and Opinions about ING-N
Signal
Opinion
Expert
BUY
BUY
December 18, 2019
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.
Show full opinionHide full opinion
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
DON'T BUY
December 11, 2019
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.
Show full opinionHide full opinionAfter 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
DON'T BUY
November 18, 2019
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.
Show full opinionHide full opinionIt 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
HOLD
October 25, 2019
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%.
Show full opinionHide full opinionING 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
DON'T BUY
October 11, 2019
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.
Show full opinionHide full opinionAn 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
DON'T BUY
October 2, 2019
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.
Show full opinionHide full opinionHe 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
COMMENT
September 26, 2019
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.
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
WEAK BUY
September 6, 2019
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.
Show full opinionHide full opinionContinue 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
SELL
August 29, 2019
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.
Show full opinionHide full opinionA 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
SELL
August 19, 2019
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.
Show full opinionHide full opinionIt 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
PAST TOP PICK
August 15, 2019
(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.
Show full opinionHide full opinion(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
DON'T BUY
August 15, 2019
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
DON'T BUY
August 2, 2019
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.
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
DON'T BUY
August 2, 2019
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.
Show full opinionHide full opinionLike 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.
BUY WEAKNESS
BUY WEAKNESS
July 2, 2019
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.
Show full opinionHide full opinionEU 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.
