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ING Groep ADR Rep 1 Ord Shs ING

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.


NYSE:ING - Post by User

Post by prestedon Nov 03, 2021 8:19pm
167 Views
Post# 34084751

Monthly buy-back continues

Monthly buy-back continuesSpending about 1.7 Euros a month on buybacks, and the SP reflects it. $16 by end of November IMO, and no stopping in buyback until we get to $20, which is where it was in 2018. 
   ING has learned, as many companies have to  their chagrin before, that cuts to dividends are deadly, so I don't see them doing much until the dividend(currently 4.5%) become dwarfed by the  SP to the extent that they start to lose institutional support. 
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