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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 Aug 30, 2022 3:48pm
139 Views
Post# 34930512

Volume says it all

Volume says it all3.5 million shares today, so the big guys are backing up their trucks at these prices and getting a (wait for it!) 15% yields based on today's SP. the N.American banks are taiking a bit of a shellacking because the interest rate hikes usually lead to higher loan defaults and not all of them are well reserved. European banks are no different, but ING has the best reserves of any bank anywhere, so they are way less prone to the bad debt threat. I am seriously thinking of selling some O&G stocks to buy more here. GLTAL
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