The big US bank reported last week 1Q 2012. Summary: business is improving, losses clearly downward, even the mortgage business is stabilized. Still, there remained some weak spots, and they focus on them. The outlook is strong. This year and next excess cash flow expected to go into dividend hike, and share repurchases.
The current metrics: BANK WFC JPM C BAC PE 11.4 9.5 9.4 7.9 PB 1.36 0.94 0.58 0.44
ING is to report in 3 weeks. Currently, PE=6.5, PB=0.45 which is much weaker than any US bank. Its the management, stup.
This is a very poor comparison.. ING is a financial services company that has some banking. You compared them against almost pure banks with store fronts. There primary business is in investments, life insurance, and retirement services.