The latest announcement is out from ING Groep ( (ING) ).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
ING announced a cash payment of €0.161 per share as part of a €2.5 billion distribution to shareholders, consisting of a €500 million cash payment and a €2 billion share buyback program. This distribution aims to align ING’s CET1 ratio with its target of 12.5%, potentially impacting its market position and shareholder value.
More about ING Groep
ING is a global financial institution with a strong European base, providing retail and wholesale banking services through its operating company, ING Bank, in over 40 countries. Known for its commitment to sustainability, ING is included in major ESG index products and has received a ‘AA’ ESG rating from MSCI.
YTD Price Performance: 0.90%
Average Trading Volume: 2,010,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $48.56B
Learn more about ING stock on TipRanks’ Stock Analysis page.