ING - ING Groep N.V.

NYSE - NYSE Delayed Price. Currency in USD
11.65
-0.01 (-0.09%)
At close: 4:02PM EDT

11.65 0.00 (0.00%)
After hours: 4:17PM EDT

Stock chart is not supported by your current browser
Previous Close11.66
Open11.70
Bid11.63 x 36100
Ask11.64 x 47300
Day's Range11.63 - 11.70
52 Week Range10.21 - 15.36
Volume1,485,384
Avg. Volume3,160,612
Market Cap45.491B
Beta (3Y Monthly)1.28
PE Ratio (TTM)8.77
EPS (TTM)1.33
Earnings DateN/A
Forward Dividend & Yield0.77 (6.57%)
Ex-Dividend Date2019-04-25
1y Target Est19.30
Trade prices are not sourced from all markets
  • Is ING Groep N.V. (AMS:INGA) Potentially Undervalued?
    Simply Wall St.6 days ago

    Is ING Groep N.V. (AMS:INGA) Potentially Undervalued?

    ING Groep N.V. (AMS:INGA) received a lot of attention from a substantial price movement on the ENXTAM over the last...

  • India Surprises by Lowering Budget Gap Despite Weak Growth
    Bloomberg10 days ago

    India Surprises by Lowering Budget Gap Despite Weak Growth

    (Bloomberg) -- India’s new finance minister surprised most analysts by narrowing the budget deficit target even though the economy is in need of a stimulus after slowing to a five-year low.The fiscal gap for the year that began on April 1 is estimated at 3.3% of gross domestic product, down from 3.4% set in February’s interim plan, Finance Minister Nirmala Sitharaman said in her maiden budget in Parliament in New Delhi on Friday.The government plans to increase taxes on the wealthy, sell stakes in state-run companies and increase dividends from the central bank in order to boost revenue and bring down the deficit. It will also sell its first global bond to raise funding for infrastructure spending.“Those in the highest income brackets need to contribute more to the nation’s development,” Sitharaman said. The effective tax rate for individuals with taxable annual income above 20 million rupees ($290,000) will increase by about 3%, and for those earning above 50 million rupees it’ll climb 7%.India’s benchmark 10-year bonds dropped 8 basis points to 6.67% while the rupee gained.Prime Minister Narendra Modi, who returned to office in May following a landslide election victory, is under pressure to revive consumption and investment after latest data showed growth slipping to a five-year low 5.8% in the three months to March.“Clearly India is not loosening the purse and yet there’s all this talk about boosting infrastructure,” said Prakash Sakpal, Asia economist at ING Groep NV in Singapore. “There is a bit of a misplaced assumption about how are we going to get growth going up when there isn’t enough spending.”Sitharaman said the nation needs 20 trillion rupees annual investment on infrastructure, and the government will be tapping the overseas bond market for funds.GDP growth is forecast to rebound to 7% in the current fiscal year from 6.8% last year, the Finance Ministry said in a report on Thursday, mirroring a projection from the Reserve Bank of India. The central bank has cut interest rates three times this year to spur growth.Sitharaman, previously India’s defense minister, exempted some defense equipment from a basic customs levy. She also said the government would allow more foreign investment in the insurance and media industries.Here’s a look at other highlights in the budget:RevenueThe government will receive 1.06 trillion rupees in dividends from the central bank and other lenders, while raising 1.05 trillion rupees from asset sales.ExpenditureTotal spending for the fiscal year is estimated at 33.2 trillion rupees, compared with 34 trillion forecast in the interim plan. The total borrowing plan was left unchanged at 7.1 trillion rupees.The government is providing 750 billion rupees for a new measure to support farmers and 700 billion rupees in capital support to state-run banks.Tax measuresThe customs duty on gold was increased to 12.5% from 10%. The minister also proposed adding an excise duty of 1 rupee per liter each on diesel and gasoline.Companies with revenue of up to 4 billion rupees a year will be taxed at the 25% rate. The GST rate on electric vehicles will be lowered to 5%.(Updates with additional budget details.)\--With assistance from Abhijit Roy Chowdhury, Bibhudatta Pradhan, Upmanyu Trivedi, Siddhartha Singh, Shruti Srivastava, Ronojoy Mazumdar and Shivani Kumaresan.To contact the reporters on this story: Abhijit Roy Chowdhury in New Delhi at achowdhury11@bloomberg.net;Vrishti Beniwal in New Delhi at vbeniwal1@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan SundaramFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is ING Groep N.V.  (ING) A Good Stock To Buy ?
    Insider Monkey16 days ago

    Is ING Groep N.V. (ING) A Good Stock To Buy ?

    The market has been volatile in the last 6 months as the Federal Reserve continued its rate hikes and then abruptly reversed its stance and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF […]

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    New Strong Sell Stocks for June 24th

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  • Japanification of Europe Is Here and Escape Isn't Easy, ING Says
    Bloomberg22 days ago

    Japanification of Europe Is Here and Escape Isn't Easy, ING Says

    (Bloomberg) -- The euro area’s anemic growth and inflation mean it’s probably already experiencing its own Japanification, and escape could prove hard if the Asian nation’s track record is any guide, according to ING Group.Europe’s situation has long left it open to comparisons with Japan in the 1990s. In a report on Monday, ING lists similarities including an increase in government debt, a buildup of bad loans at banks, an aging population and huge monetary policy loosening.While Japan’s policy response to its crisis was slow, it also fell victim to bad timing, according to ING. Various chances of recovery were snuffed out by the 1997-98 Asian financial crisis, then the bursting of the dot-com bubble and later the global financial crisis.That may well be the fate of the euro area, too, which last year appeared to be on the verge of unwinding stimulus only to be pushed back in the other direction. With global trade tensions weighing on sentiment and inflation expectations near a record low, the European Central Bank is facing the prospect of interest rate cuts or re-starting quantitative easing.“Without a strong recovery, it is difficult to escape the low growth, low inflation and subsequently low rates environment,” said Carsten Brzeski and Inga Fechner, economists at ING. “An economic upturn could quickly be over and monetary policy might not have enough ammunition up its sleeve, with interest rates remaining stuck at the zero lower bound for years to come.”The parallels mean Europe could be facing a ballooning of its central bank balance sheet in the years to come, and a major fiscal package could be needed. There’s also the prospect of higher retirement ages to keep prevent the labor force from shrinking.“For the euro zone, the most important lesson is probably not so much the root cause of Japanification but the desperate attempts to get out of it,” ING said. “There will not be much room for rate hikes in the coming years.”To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.netTo contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian SwintFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's27 days ago

    Odea Bank A.S. -- Moody's downgrades 18 Turkish banks; outlooks remain negative

    Rating Action: Moody's downgrades 18 Turkish banks; outlooks remain negative. Global Credit Research- 18 Jun 2019. London, 18 June 2019-- Moody's Investors Service has today downgraded 18 banks in Turkey....

  • ING will not pursue Commerzbank tie-up - Handelsblatt
    Reuterslast month

    ING will not pursue Commerzbank tie-up - Handelsblatt

    Dutch lender ING Groep has decided against a tie-up with Germany's Commerzbank, German business daily Handelsblatt said in a pre-released report on Monday, citing financial sources. ING's management opted not to pursue the merger a month and a half ago, Handelsblatt reported, after Commerzbank chief executive Martin Zielke and ING boss Ralph Hamers met twice to discuss a potential deal.

  • What to Expect From Bank of Montreal (BMO) in Q2 Earnings?
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    Dismal non-interest income performance and higher expenses are expected to hurt Bank of Montreal's (BMO) fiscal Q2 earnings.

  • Here's What ING Groep N.V.'s (AMS:INGA) P/E Ratio Is Telling Us
    Simply Wall St.2 months ago

    Here's What ING Groep N.V.'s (AMS:INGA) P/E Ratio Is Telling Us

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...

  • Moody's2 months ago

    ING-DiBa AG -- Moody's affirms ING-DiBa AG's A2 deposit ratings with stable outlook

    Moody's Investors Service (Moody's) today affirmed the A2 deposit ratings of ING-DiBa AG (ING-DiBa), with a stable outlook. At the same time, the rating agency upgraded the bank's Counterparty Risk Assessment (CR Assessment) to Aa2(cr) from Aa3(cr) and the Counterparty Risk Ratings (CRRs) to Aa3 from A1.

  • Should Value Investors Consider ING Group (ING) Stock Now?
    Zacks2 months ago

    Should Value Investors Consider ING Group (ING) Stock Now?

    Let's see if ING Group (ING) stock is a good choice for value-oriented investors right now from multiple angles.

  • Reuters2 months ago

    Merkel on Commerzbank - German government has no fixed position on mergers

    Chancellor Angela Merkel, when asked about Commerzbank, said on Thursday that the German government has no fixed position on mergers. "There is no precedent from the German government for anything that develops in this area," Merkel told a news conference with Dutch Prime Minister Mark Rutte, adding that there were no bans on international cooperation. The organisation that defends shareholder interests in the Netherlands on Wednesday called on ING Groep to clarify whether it is interested in acquiring German rival Commerzbank.

  • Reuters2 months ago

    Merkel on Commerzbank: German govt has no fixed position on mergers

    Chancellor Angela Merkel, when asked about Commerzbank, said on Thursday that the German government has no fixed position on mergers. "There is no precedent from the German government for anything that develops in this area," Merkel told a news conference with Dutch Prime Minister Mark Rutte, adding that there were no bans on international cooperation. The organisation that defends shareholder interests in the Netherlands on Wednesday called on ING Groep to clarify whether it is interested in acquiring German rival Commerzbank.

  • Bond Traders Need to Up Their Game as AI Systems Get Smarter
    Bloomberg2 months ago

    Bond Traders Need to Up Their Game as AI Systems Get Smarter

    Dutch bank ING Groep NV is improving systems to help traders buy and sell bonds, while AllianceBernstein Holding LP advanced its virtual assistant to identify notes that people miss. After taking over stocks, computers are slowly overcoming resistance in one of the most technology-averse corners of financial markets. Bond traders are wary of a one-size-fits-all approach coming from equity markets, which are now largely automated.

  • Despite Its High P/E Ratio, Is ING Bank Slaski S.A. (WSE:ING) Still Undervalued?
    Simply Wall St.2 months ago

    Despite Its High P/E Ratio, Is ING Bank Slaski S.A. (WSE:ING) Still Undervalued?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • ING Groep N.V. (ING) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    ING Groep N.V. (ING) Q1 2019 Earnings Call Transcript

    ING earnings call for the period ending March 31, 2019.

  • Associated Press2 months ago

    ING: 1Q Earnings Snapshot

    The Amsterdam-based bank said it had earnings of 33 cents per share. The financial services provider posted revenue of $5.2 billion in the period. Its revenue net of interest expense was $5.2 billion, ...