Latest news with #INGGroep
Yahoo
03-08-2025
- Business
- Yahoo
ING Groep (AMS:INGA) Will Pay A Dividend Of €0.35
The board of ING Groep N.V. (AMS:INGA) has announced that it will pay a dividend of €0.35 per share on the 11th of August. This means that the annual payment will be 5.4% of the current stock price, which is in line with the average for the industry. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. ING Groep's Payment Expected To Have Solid Earnings Coverage Unless the payments are sustainable, the dividend yield doesn't mean too much. Having distributed dividends for at least 10 years, ING Groep has a long history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 69%, which means that ING Groep would be able to pay its last dividend without pressure on the balance sheet. Over the next 3 years, EPS is forecast to expand by 72.8%. The future payout ratio could be 51% over that time period, according to analyst estimates, which is a good look for the future of the dividend. See our latest analysis for ING Groep Dividend Volatility The company has a long dividend track record, but it doesn't look great with cuts in the past. Since 2015, the dividend has gone from €0.12 total annually to €1.06. This works out to be a compound annual growth rate (CAGR) of approximately 24% a year over that time. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. The Dividend Looks Likely To Grow With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. ING Groep has impressed us by growing EPS at 10% per year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders. We Really Like ING Groep's Dividend Overall, we like to see the dividend staying consistent, and we think ING Groep might even raise payments in the future. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. For example, we've picked out 1 warning sign for ING Groep that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
ING Groep Second Quarter 2025 Earnings: Beats Expectations
ING Groep (AMS:INGA) Second Quarter 2025 Results Key Financial Results Revenue: €9.73b (up 40% from 2Q 2024). Net income: €2.46b (down 14% from 2Q 2024). Profit margin: 25% (down from 42% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: €0.82 (down from €0.88 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period ING Groep Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Europe. Performance of the market in the Netherlands. The company's shares are down 3.1% from a week ago. Risk Analysis Before we wrap up, we've discovered 1 warning sign for ING Groep that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Reuters
31-07-2025
- Business
- Reuters
ING eyes second-half interest income growth after Q2 beat
July 31 (Reuters) - Dutch international lender ING Groep ( opens new tab on Thursday beat expectations with its second-quarter net profit falling less than feared, and the bank forecasting a slow rebound to its commercial net interest income in the second half of the year. "We expect it to stabilise in the third quarter, and start to rise in the fourth quarter ... compared to the first half (of the year)", CFO Tanate Phutrakul told journalists. The expected rebound in commercial net interest income will however be offset by a larger-than-expected forex effect from a strong euro, KBC Securities analysts say, pointing to a 150 million-euro impact that is expected to push full-year interest income into a range of 15.2 billion to 15.3 billion euros. Interest income has been under pressure across the banking sector as lower inflation in the euro zone has prompted the European Central Bank to start cutting its interest rates, ending a period of record-high net profits. The ECB cut its deposit rate to 2% early in June, reaching the middle of the 1.75%-2.25% range it sees as neutral, and has since kept it unchanged. Banks like ING, however, have passed on the lower interest yield to customers through deposit pricing, and focused on increasing earnings from fees, which has aided income stabilisation. ING shares were muted after the results announcement, down 0.3% at 0759 GMT. ING's second-quarter net profit came in at 1.68 billion euros ($1.92 billion) for April-June versus 1.57 billion euros forecast in a company-compiled consensus, supported by resilient income and lower tax rates. Commercial net interest income - a measure of earnings on loans minus deposit costs - was slightly lower compared to a year earlier at 3.77 billion euros, while earnings from fees and commissions rose by more than 12% to 1.12 billion euros. The bank also said it now expects fee income at the higher end of its previously indicated 5%-10% range, with total operating expenses expected at the lower end of its forecast of 12.5 billion to 12.7 billion euros. French peers Societe Generale ( opens new tab and Credit Agricole ( opens new tab also beat second-quarter expectations in results published on Thursday, with shares in Soc Gen rising to their highest level since 2008, when the financial crisis decimated European banks. ($1 = 0.8747 euros)
Yahoo
03-07-2025
- Business
- Yahoo
Oil Declines With Trade Deal Progress, OPEC+ Decision in Focus
(Bloomberg) -- Oil fell after its biggest gain in almost two weeks, with traders monitoring trade talks between the US and its partners and this weekend's OPEC+ meeting. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law Brent traded near $69 a barrel after surging by 3% on Wednesday, with West Texas Intermediate above $67. President Donald Trump said he had struck a trade deal with Vietnam, which would be just the third announced following agreements with the UK and China, before a July 9 deadline to reach accords. Crude has been buffeted in recent weeks, surging and collapsing along with perceived geopolitical risk in the Middle East, although volatility and volumes have fallen in recent days before Friday's US holiday. Focus is returning to trade talks, and the associated tariffs that threaten oil demand, as well as to Sunday's OPEC+ meeting, where the group is widely expected to agree on another bumper increase in supply quotas. 'While trade optimism provided a boost to oil prices, the sustainability of this move will likely be short-lived,' said Warren Patterson, head of commodities strategy for ING Groep NV. 'OPEC+ is set to decide on August output levels this weekend, and so the market will probably be cautious about carrying too much risk into the US long weekend.' In the US, nationwide crude stockpiles rose by 3.8 million barrels, the first weekly increase since May. Inventories at the Cushing, Oklahoma, oil storage hub fell for a fourth week and are at the lowest seasonal level since 2014. Widely watched market metrics point to signs of strength as an ongoing heat wave and the driving season in the US buoys demand. Brent's prompt spread — the gap between the two nearest contracts — was at $1.21 a barrel in backwardation. While that's down from higher levels during last month's war between Israel and Iran, it's up from 69 cents a month ago. SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.
Business Times
30-06-2025
- Business
- Business Times
ING to cut 230 jobs as it has ‘too many' managing directors
[AMSTERDAM] ING Groep announced a round of cuts focused on senior staff saying there are just too many of them. The Dutch lender plans to eliminate 230 roles across its wholesale banking division, according to a statement on Monday (Jun 30). The cuts 'will be focused on Directors and Managing Directors in commercial, front office roles' as the lender has 'too many senior roles,' it said. ING's shares were 1.2 per cent lower at 18.60 euros apiece at 10.17 am in Amsterdam. ING chief executive officer Steven van Rijswijk told Bloomberg News earlier this month that he may slow the pace of share buybacks after increasing the amount of money he wants to keep in the bank as safety cushion. European banks have cited macroeconomic uncertainty and geopolitical tensions as rising risks for their businesses as a result of the global trade war. ING on Monday explained the restructuring by a combination of 'market circumstances' and the goal of 'rebalancing' its staff for growth. The cuts would be split proportionally across its locations, it said. Competitor ABN Amro Bank earlier this year announced a hiring freeze to help meet its full-year cost guidance and a reorganisation of its corporate banking unit in June. ING will continue to hire in areas where it needs to grow 'specialist skills,' it said in the statement. The company also wants to 'increase the size of our pool of junior talent.' It is also exploring the possibility of acquiring a US banking licence, a move that could bolster its access to US dollar liquidity in exchange for greater supervision by US regulator, Bloomberg reported in May. The bank has been bolstering the treasury department of its ING Americas division ahead of the push. BLOOMBERG
