ING Groep ADR Rep 1 Ord Shs ING

Financial Services

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.

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ING Groep ADR Rep 1 Ord Shs

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Post by prestedon Jan 16, 2024 11:19am

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Post# 35829086

Buying op again

No sound reason for the recent drop IMO. The buy-back. January saw an additional 4million+ shares repurchased and an intention of afurther 20% of total O/S shares yet to go. Given todays price the yield is 6.5%.
Weakness in the European countries is the major cause for dips, but (A) The dividend is more secure than ever (B) The capitalization is one of the best of any bank in the world. And finally;

The 21 analysts offering 12-month price forecasts for ING Groep NV have a median target of 17.92, with a high estimate of 19.11 and a low estimate of 13.71. The median estimate represents a +27.17% increase from the last price of 14.09.
GLTAL