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ING Groep N.V. Message Board

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  • jpomper jpomper Jan 6, 2012 6:16 AM Flag

    Once Europe gets their s&&t together

    "The analysts of WGZ Bank confirmed the recommendation for HOLDING the shares of ING. The target price has been left at 6.00 €.

    The company has bought back bonds/exchanged. The acceptance rate is around 60 percent, and ING was able to record an after-tax profit of around € 745 million (cca. $1B). As result the hard core Tier1 Capital Ratio should grow from 9.6 percent to 9.8 percent. The analysts consider this step an attractive plus, as ING's capitalization become more solid.
    However, despite the experts recognize ING's merits, currently see no significant upside potential in absence of significant catalyst for the stock."

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14.46+0.19(+1.33%)Oct 2 4:03 PMEDT