Understanding ING Groep (ING) – Key Fundamentals

By Tamara Parker • Thursday, March 06 15:07 • Permanent Link

Shares of Commercial Banking company ING Groep jumped 2.6% today. With many investors piling into ING without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

ING Groep has moved 32.9% over the last year, and the S&P 500 logged a change of 13.3%
Its trailing earnings per share (EPS) is $2.1
ING Groep has a trailing 12 month Price to Earnings (P/E) ratio of 9.5 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $2.19 and its forward P/E ratio is 9.1
The company has a Price to Book (P/B) ratio of 1.23 in contrast to the S&P 500's average ratio of 4.74
ING Groep is part of the Finance sector, which has an average P/E ratio of 20.04 and an average P/B of 1.86
ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

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