Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: ING Group N.V. 2024" company profile has been added to ResearchAndMarkets.com's offering. The report offers a comprehensive overview of ING's technology-related activities, highlighting its digital transformation strategies and innovation programs. It provides insights into various technology initiatives undertaken by ING, including partnerships, product launches, investments, and acquisitions that are driving the bank's techn ...

WATE II I LIF II/ IAN II 7 107 U III Ernest Hoffman Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has ...

Core Viewpoint - ING Groep N.V. is facing headwinds in business growth due to changing interest rates, which has impacted its premium valuation and overall investment attractiveness in the European banking sector [2][4][7] Financial Performance - In Q2 2024, ING's net interest income (NII) was €3.8 billion, a decline of 5.7% year-over-year, contributing to an overall revenue decrease of 0.7% to €5.7 billion [5][6] - The bank's net interest margin (NIM) has been declining, dropping to 148 basis points in Q2 2024 from its peak in Q3 2023, reflecting the pressure from a downward interest rate environment [4][5] - Operating expenses increased by 8.5% year-over-year to €2.8 billion, driven by higher staff and marketing costs, leading to a higher cost-to-income ratio of 49.8% in Q2 2024 [5][6] Outlook and Guidance - For the full year 2024, ING has slightly raised its revenue guidance to over €22 billion, indicating confidence in maintaining stable NII while expecting fees and other income to drive growth [5][6] - The bank's return on equity (ROE) declined to 14.5% in Q2 2024, with expectations of further decline to around 10-11% in the coming quarters due to lower revenues and increasing costs [6][7] Capital and Dividend Policy - At the end of Q2 2024, ING's CET1 capital ratio was 14%, allowing for continued capital returns to shareholders through dividends and share buybacks, although the interim dividend remained unchanged at €0.35 per share [6][7] - The total dividend related to 2024 earnings is expected to be around €1.10 per share, maintaining a forward dividend yield of close to 7%, appealing to income-oriented investors [6][7] Valuation - ING is currently trading at 1.02x book value, which is a premium compared to its historical valuation of about 0.75x and higher than peers like ABN AMRO and Lloyds Banking Group, suggesting it may be slightly overvalued [6][7]

>>> (all 105 OOO L anania Dogo COLO PA (9)) arion 635 ((GD) 0 09 - 0 105 ത്തതി anania Dogo a some (SD)DA 100 Ernest Hoffman Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and pr ...

ING Groep N.V. (NYSE:ING) Q2 2024 Earnings Conference Call August 1, 2024 3:00 AM ET Company Participants Steven van Rijswijk - CEO Tanate Phutrakul - CFO Ljiljana Cortan - Chief Risk Officer Conference Call Participants Benoit Petrarque - Kepler Cheuvreux Giulia Miotto - Morgan Stanley Tarik El Mejjad - Bank of America Merrill Lynch Samuel Moran-Smyth - Barclays Benjamin Goy - Deutsche Bank Anke Reingen - RBC Hugh Moorhead - Berenberg Farquhar Murray - Autonomous Operator Good morning, this is Laura welcom ...

Strong results confirming our ability to accelerate growth, increase impact and deliver value 2Q2024 ING Group 1 August 2024 do your thing Recap of our recent Capital Markets Day ING is a highly successful bank, with a unique DNA and a strong track record Operating in attractive markets with enormous untapped potential Continuing to accelerate growth, increase impact and deliver value Aiming to be the best European bank for customers, employees, planet & society, and shareholders 2 Accelerating growth with ...

Below, we take a look at ING Groep (ING) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. Set to Beat the Market? A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pi ...

WATE II I LIF II/ IAN II 7 107 U III Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's de ...

MIAMI and NEW YORK, June 25, 2024 /PRNewswire/ -- Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that it has entered into a new hybrid credit facility with ING Capital LLC ("ING"). The facility will be secured by a combination of Lafayette's Square's portfolio and the unused capital commitments of its investors and will support Lafayette Square's direct lending activities, with a primary focus on first lien senior secured loans. Along with financing, Lafayet ...

▪ Lending growth in line ▪ Full-year impact from accounting asymmetry assumed to be stable ▪ 2024 NII to end up at the upper end of the range 9 Continued strong liability NII in a lower rate environment Interest rates expected to moderate Implied interest rates, end-of-period, in bps | --- | --- | --- | --- | |---------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | Strong commercial performance led to an excellent start of the year | | | | | | | | ...