ING Groep: Attractive At 0.7x Tangible Book And A 6.4% Yield

Apr. 24, 2022 9:21 AM ETING Groep N.V. (ING) StockING32 Comments
Mark Dockray
1.9K Followers

Summary

  • Like many of its continental peers, Dutch bank ING has sold off considerably since the Russian invasion of Ukraine.
  • ING's ultra-profitable domestic retail banking business helps to support higher group-wide profitability versus its peer group.
  • The bank has struggled under an unfavorable operating environment, and 2021 results were again a bit so-so.
  • At 0.7x tangible book value, yielding in excess of 6% as a dividend, and with significant capital returns on the horizon, these shares look attractive.

ING (ING-DiBa) Bank in Frankfurt, Germany

Philiphotographer/iStock Unreleased via Getty Images

European financials have struggled year-to-date, with the area's banks dragging the sector down following the Russian invasion of Ukraine in February. Dutch multinational player ING (NYSE:ING) has been one of the names caught

This article was written by

1.9K Followers
I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on 'The UK Income Investor'.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ING either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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