ING Stock Recent News

Governments must set tougher rules to aid the decarbonisation of real estate and other sectors, ING's CEO said, warning that the Dutch bank will otherwise struggle to hit its climate targets.

ING, AMRK and GSBD made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 29, 2023.

Worldwide, the estimated amount of annual money laundering is over 2% of GDP, or about $800 billion. The surge of Generative Artificial Intelligence (AI), a particular type of simulated intelligence that can deliver content without any preparation, is now being used worldwide to combat financial fraud.

Investors interested in Banks - Foreign stocks are likely familiar with ING Groep (ING) and Nordea Bank AB (NRDBY). But which of these two stocks presents investors with the better value opportunity right now?

ING Group (AMS: INGA) share price nosedived on Friday, becoming one of the worst-performing European bank stocks. The shares crashed to a low of €12.43, the lowest level it has been since August 2nd.

Gambling isn't legal across the whole of America yet but having lifted a 1992 ban in 2018 many US States are beginning to approve online, in-person and sports betting and companies are starting to make the most of the untapped market. Paddy Power parent group Flutter Entertainment PLC (LSE:FLTR) and Ladbrokes owner Entain PLC (LSE:ENT) both have significant interest in the US, owning sportsbooks FanDuel and BetMGM respectively and according to recent trading updates, both believe it is a market set to boom.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

ProFrac Holding Corp. has experienced a significant drop in share price due to a decrease in active frac spreads and missed earnings. The company's thesis revolves around acquiring market share through acquisitions and participating in major shale plays. The drilling market is expected to pick up, potentially leading to an increase in demand for ProFrac's services and a higher stock price.

Higher Eurozone base rates and stable levels of bad debt have landed ING in a sweet spot after years of chronically low earnings. The bank is now generating a strong double-digit return on tangible equity yet the market continues to price these shares below tangible book value. A return to the levels of earnings power seen in the past decade is something to consider, but even so these shares would remain inexpensive.

Saudi Arabia joining the BRICS bloc poses a challenge to the dollar's domination of global trade, according to ING. Though only in the long term.