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ING (ING) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Amsterdam, 10 April 2025 ING CHAIRMAN KARL GUHA NOMINATED TO JOIN EXOR BOARD Exor nominates ING Chairman Karl Guha as a non-executive member of its Board of Directors, subject to approval at the Company's next Annual General Meeting on 22 May 2025. Karl is an international banker with over three decades of experience across the United States, Europe, Australia and Asia.
ING Groep met with Italy's Banca Popolare di Sondrio in recent weeks as it seeks to grow in Europe through takeovers, a person with knowledge of the matter said.
ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday.
STAMFORD, Conn. , March 17, 2025 /PRNewswire/ -- Freepoint Eco-Systems LLC ("Freepoint Eco-Systems") is pleased to announce the closing of a $50 million non-recourse project finance facility for its plastic waste upcycling facility located in Hebron, Ohio.
If we exclude the volatile Other income category, ING Groep relies on net interest income for 79% of its revenues - a key concern during ECB monetary policy normalization. Lower NII and a normalizing cost of risk resulted in ING reporting a return on equity of 13% in 2024, below the exceptional 14.8% result in 2023. The bank's ROE is forecast at above 12% in 2025, impacted by higher costs and the ongoing effects of ECB rate cuts on NII.
Shares of ING Groep N.V. have been pretty soft since my last update, trailing the wider European financials space. Fourth quarter net income missed sell-side expectations, with lower Eurozone interest rates weighing on the bank's deposit margin. The core capital returns story remains in place here - with 2025 set to be another bumper year for dividends and buybacks.
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- ING Capital LLC today announced the closing of $424 million in credit facilities for International Transportation Service (ITS), to support a significant terminal redevelopment that will expand yard capacity by 50% and electrify its current fleet. ITS is a container terminal operator owned by a Macquarie Asset Management (MAM) managed vehicle at the Port of Long Beach within the San Pedro Bay complex in Southern California.
ING Groep , the largest Dutch bank by assets, reported lower-than-expected fourth-quarter profit on Thursday, weighed by higher operating expenses and loan loss provisions.
Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.