ING Groep NV

NYSE:INGUnited States

Today

Show headlines and story abstract

• Bank Stocks Help Nudge European Equities Traded in the US as American Depositary Receipts Higher in Monday Trading, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: ING, LYG, SNY, TRIB, VRNA, NCNA, AKTX, MREO, BNTX, SLN, EVAX, DBVT, CRH, ASND, CLLS, SAN
  11:14 AM EDT, 06/17/2024 (MT Newswires) -- Bank stocks were helping European equities traded in the US as American depositary receipts nudge marginally higher late Monday morning, rising 0.047% to 1,409.42 on the S&P Europe Select ADR Index. From c...

• DJ ING Groep's New Targets Raise the Bar -- Market Talk, from 7 hours ago by Dow Jones

  7 hours ago by Dow Jones
  Companies Mentioned: ING
  
  0836 GMT - ING Groep's new targets are ambitious and imply a 10% upside to the current consensus, UBS says in a note after the Dutch lender laid out its targets to 2027 ahead of its capital markets day. "The new business plan is focused on further business growth and operational and capital efficiency in focus," analysts Johan Ekblom and Michael Macnaughton write. The bank is aiming for continued profitable growth in its retail banking activities by growing customer numbers, diversifying away from net interest income and developing its business banking and private banking units. The group will reduce risk-weighed assets to 45% from 50% in wholesale banking. Analysts see this as a good strategic shift given that the division has been a recurring drag on profitability. Shares rise 2.4% to EUR15.70. (elena.vardon@wsj.com)
  

• DJ ING Groep's Targets Reflect Step-Up in Ambition -- Market Talk, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: ING
  
  0831 GMT - ING Groep's new targets represent a welcome step-up in ambition, Citi says in a note after the Dutch bank outlined its targets for 2027 ahead of its capital markets day. The plan--which implies higher income growth and return on equity than its previous one--suggest continuity with sensible tweaks such as the capital allocation shift to retail from wholesale as it focuses on growing volumes and fees, analyst Marta Sanchez Romero writes. "ING hints at potential M&A to achieve its vision--and we expect investors to also focus on divestments given ING still features subpar profitability in some markets," she adds. Shares rise 2.6% to EUR15.73. (elena.vardon@wsj.com)
  

• DJ ING Groep's 2027 Targets Point to Upgrades -- Market Talk, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: ING
  
  0632 GMT - ING Groep's new targets to 2027 imply higher revenues and lower loan losses, which should lead to consensus upgrades, RBC Capital Markets says in a note after the Dutch lender set out its mid-term guidance ahead of its capital markets day. It guided for total income to grow between 4% and 5% annually between 2024 and 2027. "ING presented a strategy that is consistent with previous updates driving revenues higher at improved operating leverage," analyst Anke Reingen writes. The bank backed its around 12.5% CET 1 ratio by 2025 target, keeping its message on capital unchanged which should lead to an average total yield above sector average in the newt two years, Reingen adds. (elena.vardon@wsj.com)
  

• ING Capital Markets Day 2024: 'Growing the difference', from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: ING
  
  Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission ('SEC') reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are "green" or "sustainable." Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.