stocks and review of ING bank

  

ING shares are held by a number of well-known institutes; together, these institutes control 4.19 percent of the company's stock, and 4.19 percent of the company's shares are held by institutions. In this Fisher Asset Management, LLC Holds the most, which is 1.43 percent, whilst other institutions such as MUFG Securities EMEA PLC, Goldman Sachs Group Inc., and Morgan Stanley Hold 0.20 percent apiece. The Royal Bank of Canada and FMR, LLC each possess a 0.13 percent stake in the company. In addition, financial institutions such as Aristotle Capital Management, LLC, Bank of America Corporation, Capital International Investors, and Blackrock Inc. each hold 0.18 percent, 0.13 percent, 0.11 percent, 0.09 percent, and 0.08 percent correspondingly of the company's shares.

While other leading businesses in the mutual fund industry, such as Avantis International Equity ETF, Wasatch Global Value Fund, and DFA International Core Equity Portfolio, hold 0.02 percent, 0.01 percent, and 0.01 percent correspondingly of the total assets in their international equity funds.

 

Source – Yahoo Finance

Despite challenges such as the conflict in Ukraine and the unpredictability of the oil and gas business, ING has managed to provide a solid financial performance for the year 2022. This achievement comes despite the ongoing financial crisis. The ING stock market is doing quite well. When trading for the day came to a close on March 15, 2023, the price of one share of ING groep NV stock was $11.59 per share. After one month, the ING group N.V. had a return of -17.92 percent, while the value of its shares had climbed by 9.75 percent over the course of the preceding 52 weeks. As of now, the total value of ING Group N.V.'s stock on the market is calculated to be $46.219 billion.

Source – Yahoo Finance, the hare price for ING for the last 52 Weeks

ING N.V. currently has a forward P/E ratio of 7.42, likewise, ING has a PEG ratio of 0.27, and ING has a P/B ratio of 0.81. If I were a trading investor, I would BUY the shares of ING N.V. since the company is doing well even in the midst of the financial crisis. When compared to other equities, investing in ING is a prudent choice.

 

Source – Yahoo Finance

over the years Revenue and earnings have skyrocketed, so if I was a customer who wanted to open an account then I would go for ING bank as the bank is globalized, has spread over the globe and offer all the banking services. In 2019 Australia, Austria, Belgium, France, Germany, Italy, Poland, and Spain were among the eight nations where Forbes lists ING as a high performer. Among the characteristics examined by Statista, it excelled in digital services and trust.

So what made ING one of the best banks in the world right now?

The customer-centric approach

References

The World's Best Banks: ING And Citibank Lead The Way, Available at https://www.forbes.com/sites/kurtbadenhausen/2019/03/04/the-worlds-best-banks-ing-and-citibank-lead-the-way/?sh=1b30ad2f5314 ( Accessed on 25 march 2023 )

ING financial performance, available at https://finance.yahoo.com/quote/ING/holders?p=ING (accessed on 25 march 2023)

Rising Interest Rate Helped ING Groep N.V. (ING) in 2022, Available at https://finance.yahoo.com/news/rising-interest-rate-helped-ing-131039344.html (accessed on 25 march 2023)