Latest news with #INGGroep
Bloomberg
3 days ago
- Business
- Bloomberg
ING CEO Says Capital Plan Could Slow Speed of Buyback
ING Groep NV Chief Executive Officer Steven van Rijswijk said he may slow the pace of share buybacks this year after increasing the amount of money he wants to keep in the bank as safety cushion. 'The speed may be impacted a bit by a temporary higher capital target for this year,' Van Rijswijk said in an interview in Amsterdam this week when asked about future buybacks. Still, 'the rhythm as such hasn't changed, the direction hasn't changed,' he said.
Yahoo
30-05-2025
- Business
- Yahoo
Why ING Groep (ING) is a Top Dividend Stock for Your Portfolio
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Headquartered in Amsterdam, ING Groep (ING) is a Finance stock that has seen a price change of 34.97% so far this year. The financial services provider is paying out a dividend of $0.68 per share at the moment, with a dividend yield of 6.45% compared to the Banks - Foreign industry's yield of 3.7% and the S&P 500's yield of 1.56%. Taking a look at the company's dividend growth, its current annualized dividend of $1.36 is up 33.7% from last year. Over the last 5 years, ING Groep has increased its dividend 3 times on a year-over-year basis for an average annual increase of 45.79%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. ING's current payout ratio is 31%, meaning it paid out 31% of its trailing 12-month EPS as dividend. Looking at this fiscal year, ING expects solid earnings growth. The Zacks Consensus Estimate for 2025 is $2.24 per share, representing a year-over-year earnings growth rate of 4.67%. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, ING is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ING Group, N.V. (ING) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Oil Set for Weekly Drop as OPEC+ Weighs Another Big Supply Hike
(Bloomberg) -- Oil headed for its first weekly decline in three, as OPEC+ weighed another bumper production increase that could add supplies into a market already expected to face a glut. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NYC's War on Trash Gets a Glam Squad NJ Transit Makes Deal With Engineers, Ending Three-Day Strike Brent fell toward $64 a barrel, declining for a fourth session and bringing its weekly loss to about 2%. West Texas Intermediate was below $61. OPEC and its allies discussed another major output-quota increase of 411,000 barrels a day for July, although no agreement has yet been made, delegates said. Crude has shed about 14% this year, hitting the lowest since 2021 last month, as OPEC+ loosened supply curbs at a faster-than-expected pace, just as the US-led trade war posed headwinds for demand. Data this week showed another rise in US commercial oil stockpiles, adding to concerns about a surplus. 'Focus is increasingly turning to OPEC+ and what the group decides to do with July output levels,' said Warren Patterson, head of commodities strategy for ING Groep NV. 'Another large increase for July would cement a shift in policy — from defending prices to defending market share.' Elsewhere, the European Commission's economy chief Valdis Dombrovskis said it would be appropriate to lower the price cap on Russian oil to $50 a barrel. The current $60 cap — a move meant to punish Moscow for its war against Ukraine, yet keep oil flowing — isn't hurting the producer given lower prices for now, he added. Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Oil Set for Weekly Drop as OPEC+ Weighs Another Big Supply Hike
(Bloomberg) -- Oil headed for its first weekly decline in three, as OPEC+ weighed another bumper production increase that could add supplies into a market already expected to face a glut. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NYC's War on Trash Gets a Glam Squad NJ Transit Makes Deal With Engineers, Ending Three-Day Strike Brent fell toward $64 a barrel, declining for a fourth session and bringing its weekly loss to about 2%. West Texas Intermediate was below $61. OPEC and its allies discussed another major output-quota increase of 411,000 barrels a day for July, although no agreement has yet been made, delegates said. Crude has shed about 14% this year, hitting the lowest since 2021 last month, as OPEC+ loosened supply curbs at a faster-than-expected pace, just as the US-led trade war posed headwinds for demand. Data this week showed another rise in US commercial oil stockpiles, adding to concerns about a surplus. 'Focus is increasingly turning to OPEC+ and what the group decides to do with July output levels,' said Warren Patterson, head of commodities strategy for ING Groep NV. 'Another large increase for July would cement a shift in policy — from defending prices to defending market share.' Elsewhere, the European Commission's economy chief Valdis Dombrovskis said it would be appropriate to lower the price cap on Russian oil to $50 a barrel. The current $60 cap — a move meant to punish Moscow for its war against Ukraine, yet keep oil flowing — isn't hurting the producer given lower prices for now, he added. Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Oil Holds Four-Day Gain Spurred by Trade Optimism, Iran Remarks
(Bloomberg) -- Oil held the bulk of its biggest four-day rally since October, spurred by the US-China trade détente and President Donald Trump's increasingly hostile rhetoric on Iranian supply, As Coastline Erodes, One California City Considers 'Retreat Now' A New Central Park Amenity, Tailored to Its East Harlem Neighbors What's Behind the Rise in Serious Injuries on New York City's Streets? How Finland Is Harvesting Waste Heat From Data Centers Lawsuit Challenges Trump Administration Policy on Migrant Children Brent traded near $66 a barrel, after gaining almost 10% over the previous four sessions, while West Texas Intermediate was above $63. Trump said during a visit to Saudi Arabia that the US will exert maximum pressure on Iranian energy exports if an agreement isn't reached on the OPEC member's nuclear program, after the State Department earlier sanctioned a network that helps ship the Islamic Republic's oil to China. The hawkish comments on Iran added to a rebound driven by softer-than-expected US inflation and lingering relief from easing trade tensions between the US and China. Futures have rallied from a four-year low on a closing basis at the beginning of last week, but are still down more than 10% this year. 'Trade optimism and Iranian sanction threats have provided strong tailwinds to the oil market,' said Warren Patterson, Singapore-based head of commodities strategy at ING Groep NV. 'However, as the tariff story fades, attention will likely turn back to OPEC+ supply and whether the group continues with the aggressive supply hikes in July, which is something we are assuming.' Trump is visiting the Middle East this week, hoping to strike deals with countries including Saudi Arabia. The kingdom — the de-facto leader of the Organization of the Petroleum Exporting Countries and its allies — has pushed for the cartel to increase production to punish non-compliant members, with a further boost expected at a June 1 meeting that will exacerbate concerns over a glut. Trump also said the US will lift its sanctions against Syria following the toppling of former President Bashar al-Assad. The Middle Eastern nation pumped almost 400,000 barrels a day of crude before its civil war erupted in 2011, but production has since slumped and many fields are in the hands of Kurdish forces rather than the central government. The American Petroleum Institute said US crude inventories rose by 4.29 million barrels last week. That would be the biggest increase since March if confirmed by official data later Wednesday. Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race Trump Has Already Ruined Christmas Why Obesity Drugs Are Getting Cheaper — and Also More Expensive The Recession Chatter Is Getting Louder. Watch These Metrics ©2025 Bloomberg L.P. Sign in to access your portfolio
