Insg stock news

ING Group (ING) is a Dutch multinational banking and financial services corporation. Here are some recent news and updates about ING:

Recent News:

  1. ING reports strong Q1 results: ING Group reported a strong set of first-quarter results, with net profit rising 14% to €1.3 billion. The bank's core business performed well, with a 5% increase in net interest income and a 12% rise in fee income. (Source: Reuters, April 2022)
  2. ING to sell €1.5 billion of non-core assets: ING has announced plans to sell €1.5 billion of non-core assets, including a portfolio of commercial mortgages and a stake in a Dutch real estate company. The sale is part of the bank's efforts to simplify its balance sheet and focus on its core businesses. (Source: Financial Times, March 2022)
  3. ING launches new digital banking platform: ING has launched a new digital banking platform in the Netherlands, which offers customers a range of digital services, including mobile payments, online banking, and investment products. The platform is designed to provide customers with a more seamless and personalized banking experience. (Source: Banking Technology, February 2022)
  4. ING to cut 3,000 jobs in cost-cutting drive: ING has announced plans to cut 3,000 jobs as part of a cost-cutting drive aimed at reducing costs by €1.5 billion. The job cuts will affect employees in various countries, including the Netherlands, Germany, and Belgium. (Source: Bloomberg, January 2022)

Analyst Estimates:

  1. ING's Q2 earnings expected to rise: Analysts are expecting ING's second-quarter earnings to rise 10% year-on-year, driven by strong growth in its core business and a favorable interest rate environment. (Source: Bloomberg, May 2022)
  2. ING's dividend yield attractive: ING's dividend yield is currently around 4.5%, which is considered attractive by many analysts. The bank has a history of paying consistent dividends and has increased its dividend payout in recent years. (Source: The Motley Fool, April 2022)

Stock Performance:

  1. ING's stock price rises: ING's stock price has risen around 10% over the past year, driven by strong earnings growth and a favorable interest rate environment. The stock is currently trading around €12.50 per share. (Source: Yahoo Finance, June 2022)

Please note that the information provided is subject to change and may not be up-to-date. It's always a good idea to check with a financial advisor or a reliable news source for the latest information on ING stock news and performance.