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ING Groep N.V., the leading financial services group in Benelux, has labeled the demands of environmental nonprofit Milieudefensie as "unrealistic." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). By the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
ING Groep has been upgraded from a "neutral" to a "buy" rating by The Goldman Sachs Group. The company's shares opened at $20.06, with a market cap of $70.16 billion and a PE ratio of 9.37. Despite a recent earnings miss, analysts expect ING Groep to post $2.14 earnings per share for the current fiscal year.
ING Groep N.V., the leading financial services group in Benelux, has criticized a Dutch environmental group's climate case claims as "unrealistic" and "unreasonable." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). As of the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
ING Groep announced a semi-annual dividend of $0.65 per share, a significant increase of 291.5% from the previous $0.17. The ex-dividend date is April 25, with payment on May 9, reflecting a yield of 5.1%. Despite a recent stock decline of 1.1%, analysts expect the company to maintain a healthy payout ratio.
ING Group has become the first global bank to have its net-zero targets validated by the Science Based Targets initiative (SBTi), committing to a 44% reduction in absolute scope 1 and 2 emissions by 2030 and covering 67% of its portfolio with scope 3 targets. The bank's sustainability strategy includes phasing out financing for new coal projects by 2025 and halving greenhouse gas emissions from upstream oil and gas companies in its loan portfolio by 2030. This validation marks a significant step in aligning financial institutions with climate science and supporting a low-carbon future.
Goldman Sachs has upgraded ING Groep from Neutral to Buy, signaling a positive outlook for the financial institution. This upgrade reflects confidence in ING's performance and potential in the market. Investors may want to consider this change in rating when evaluating their portfolios.
Analysts have made several notable changes in recommendations, including a downgrade for Arkema by JP Morgan from "neutral" to "underweight," with a price target cut from 92 to 68.50 euros. Additionally, Deutsche Bank has revised its outlook on Air France-KLM, EasyJet, and Ryanair in the transport sector, while Barclays downgraded BMW following new automotive surtaxes announced by Donald Trump.
Charles Schwab Investment Management Inc. increased its stake in ING Groep by 10.5%, owning 234,529 shares valued at $3.68 million. Despite a Moderate Buy rating, top analysts recommend five other stocks over ING Groep, which recently reported a quarterly EPS of $0.39, missing estimates. The company announced a dividend increase to $0.6526 per share, yielding 5.1%, with a payout ratio of 29.91%.
ING Bank N.V. has announced plans to potentially stabilize the bond prices of Schaeffler AG's upcoming euro-denominated securities issuance, which includes 3-year and 6-year bonds. The stabilization period will begin on March 25, 2025, lasting up to 30 days, allowing the bank to support market prices if necessary. However, there is no guarantee that stabilization will occur, and any actions will comply with strict regulations to prevent market abuse.
ING Group forecasts Kazakhstan's GDP to grow by 4.5% in 2025, with quarterly estimates of 5.4%, 4.5%, and 3.5%. The economy showed a strong start in early 2025, growing 5.4% in January-February, driven by industrial production and key sectors like manufacturing and construction. In 2024, GDP growth was 4.8%, bolstered by agriculture and trade.
ING Groep N.V.
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