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

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/01/2019

...

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...

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Ibrahim Firdaus

ING Groep N.V.

Jean Sassus ...
  • Steven Gould

ING : A Q3 2019 which does not exactly reassure

>Operating level: the equation is becoming more complicated - Net profit = € 1.34bn (+1% vs consensus., -11 y-o-y) / underlying PBT = € 1.91bn (+2% vs consensus, -10% y-o-y) – Q3 illustrates, in our view, ING’s growing problem at the operating level, i.e. pressure on the top line (interest rates and on costs (KYC, etc.) in a context of a particularly low cost of risk that cannot be extrapolated in the medium term.‘Core’ revenues (NII + NCI) = € 4.35bn (+3% vs con...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/01/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/11/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/02/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/08/2019

...

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

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

...

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

Rabobank Group - Strategy, SWOT and Corporate Finance Report

Summary Rabobank Group - 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. KeyHighlights Rabobank Group (Rabobank) offers global banking and related financial solutions. It offers a wide range of accounts, deposits, cards, loans, online banking, agriculture and rural advisory, and leasing, among others. Rabobank also offers services such as international payments, capital structur...

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...

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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