ING Groep NV
ING-N
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About ING Groep NV (ING-N)
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam.
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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.
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.
investment companies/funds
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.
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.
investment companies/funds
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.
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.
investment companies/funds
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
$9.420
Unknown
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.
(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.
investment companies/funds
DON'T BUY
DON'T BUY
August 15, 2019
investment companies/funds
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.
investment companies/funds
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.
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.
investment companies/funds
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.
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.
investment companies/funds
WAIT
WAIT
June 25, 2019
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.
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.
investment companies/funds
DON'T BUY
DON'T BUY
June 11, 2019
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.
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.
investment companies/funds
HOLD
HOLD
June 7, 2019
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.
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.
investment companies/funds
DON'T BUY
DON'T BUY
May 27, 2019
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.
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.
investment companies/funds
BUY
BUY
May 21, 2019
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.
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.
investment companies/funds
DON'T BUY
DON'T BUY
April 25, 2019
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.
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.
investment companies/funds
COMMENT
COMMENT
March 27, 2019
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.
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.
investment companies/funds
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