ING Groep N.V.

ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.
  • TickerINGA
  • ISINNL0011821202
  • ExchangeEuronext Amsterdam
  • SectorBanks
  • CountryNetherlands

Analysts

Jean Sassus ...
  • Steven Gould

ODDO : The rerating no longer depends only on the ECB

>Positive decisions but in line with expectations - The ECB's decisions are broadly in line with expectations as regards the banking sector:Lower deposit rates, consistent with forecasts, with a tiering system to limit the impact of the switch from -0.40% to -0.50% but not much more.Improvement in the terms of the TLTRO, with an extension from 2 to 3 years.But the drop in rates could lead investors to fear further pressure on margins.The sector has...

Jean Sassus ...
  • Steven Gould

ODDO : Le rerating ne peut plus reposer uniquement sur la BCE

>Décisions positives mais conformes aux attentes - Les décisions de la BCE sont proches des attentes concernant le secteur bancaire :Baisse des taux de dépôt conforme aux anticipations avec mise en place d’un système de « tiering » limitant l’impact du passage de -0.40% à -0.50% mais pas nettement plus.Amélioration des conditions du TLTRO avec notamment une extension de 2 à 3 ans.En revanche, la baisse des taux peut faire craindre aux investisseurs une ...

Philippe Lamaud ...
  • Steven Gould

ING : Credit Update; Buy ING Group Tier 2

ING continued in 2017 the successful execution of its “Accelerating Think Forward” strategy presented in 2016 and covering the years to 2020. Favourable conditions in the eurozone (where ING generates around 75% of overall group revenues) have further underpinned the group’s financial performance and the economic outlook (particularly in the Netherlands) is sound. ING’s earnings in the first three quarters of 2017 exceeded analysts’ consensus estimates, while key credit metrics improved. - For regulatory reasons and following the designation of ING Group (the holding company) as the group’s r...

Philippe Lamaud ...
  • Steven Gould

ING : Credit Update; Buy ING Group Tier 2

ING continued in 2017 the successful execution of its “Accelerating Think Forward” strategy presented in 2016 and covering the years to 2020. Favourable conditions in the eurozone (where ING generates around 75% of overall group revenues) have further underpinned the group’s financial performance and the economic outlook (particularly in the Netherlands) is sound. ING’s earnings in the first three quarters of 2017 exceeded analysts’ consensus estimates, while key credit metrics improved. - For regulatory reasons and following the designation of ING Group (the holding company) as the group’s r...

Jean Sassus ...
  • Steven Gould

ODDO : The rerating no longer depends only on the ECB

>Positive decisions but in line with expectations - The ECB's decisions are broadly in line with expectations as regards the banking sector:Lower deposit rates, consistent with forecasts, with a tiering system to limit the impact of the switch from -0.40% to -0.50% but not much more.Improvement in the terms of the TLTRO, with an extension from 2 to 3 years.But the drop in rates could lead investors to fear further pressure on margins.The sector has...

Jean Sassus ...
  • Steven Gould

ODDO : Le rerating ne peut plus reposer uniquement sur la BCE

>Décisions positives mais conformes aux attentes - Les décisions de la BCE sont proches des attentes concernant le secteur bancaire :Baisse des taux de dépôt conforme aux anticipations avec mise en place d’un système de « tiering » limitant l’impact du passage de -0.40% à -0.50% mais pas nettement plus.Amélioration des conditions du TLTRO avec notamment une extension de 2 à 3 ans.En revanche, la baisse des taux peut faire craindre aux investisseurs une ...

Christophe Chaput ...
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/03/2019

The de-rating visible since end-September 2018 largely integrates the areas of uncertainty hanging over the stock. It is now time to focus on Thales’ strengths and the levers that the integration of Gemalto will offer. Buy, target price of € 130 vs € 126. - ...

Alain William ...
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/23/2019

...

Alain William ...
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/05/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/03/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/05/2019

...

Antoine Boivin-Champeaux ...
  • Benoit Valleaux
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/26/2019

In theory, the euro has, via the financing of the record twin deficits in the US and the anticipations of a fall in the Fed’s key rates in 2020, solid reasons for appreciating. Moreover, the Fed’s capitulation, on 20 March, had boosted the euro. In reality, further disappointment on European PMI data and the return of the spectre of a hard Brexit have wiped out this rebound. In this context of uncertainty, why not choose from our “strong euro” and “strong dollar” baskets, stocks with...

Thanks to a better fundamental star rating, ING GROEP sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ING GROEP (NL), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 10, 2019, the closing price was EUR 9.57 and its expected value was estimated at EUR 9.11.

Ibrahim Firdaus

ING Groep

Ibrahim Firdaus

ING Groep

Ibrahim Firdaus

ING Groep

Ibrahim Firdaus

ING Groep

MarketLine Department

KAS BANK N.V. - Strategy, SWOT and Corporate Finance Report

Summary KAS BANK N.V. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights KAS BANK N.V. (KAS) is a specialized provider of custody and fund administration services. The company is engaged in providing securities services and risk control and reporting services for professional clients in the pensions and securities industry. It offers traditional custodian services ...

MarketLine Department

Dexia Group - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Dexia Group Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Dexia Group since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights ...

MarketLine Department

Principal Financial Group Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Principal Financial Group Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Principal Financial Group Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its c...

MarketLine Department

BNP Paribas SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's BNP Paribas SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by BNP Paribas SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highl...

MarketLine Department

Svenska Handelsbanken AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Svenska Handelsbanken AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Svenska Handelsbanken AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive a...

Expert Corporate Governance Service (ECGS)

ING Groep - 23 April 2019

In general, ING Group ("ING") is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 4a, discharge of the executive board is sought. In view of the substantial fine and the ongoing investigation into shortcomings in the execution of customer due diligence requirements in Italy (see below), ECGS is unwilling to grant discharge to the members of the executive board. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 4b, discharge of the supervisory board is sought. With reference to comments made under ITEM 4a abov...

Ing Groep – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Matthieu DRIOL

Short term view - ING GROEP NV : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €10.962. The next target is at €9.447, then €8.327. Passing €11.600 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - ING GROEP NV : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 10,962 € prochainement. Le prochain objectif est à 9,447 €, puis 8,327 €. Le franchissement de 11,600 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - ING GROEP NV : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €9.447, then €8.327. Passing €11.600 would question the continuation of the fall.

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