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ING - ABN AMRO - Are We Headed For Another Dividend Disappointment?
ING Group N.V.
ABN has struggled this year
The share price has failed to participate in the broader bank sector rally we've seen recently, being -5% YTD and -20% on a 1-year view. This is a conspicuously worse performance than northern European commercial banking peers like BNP Paribas (OTCQX: BNPQF, OTCQX: BNPQY), which is +15% YTD or ING (NYSE: ING), +7%.
Source: FT markets data
The underperformance can be traced back to the full-year 2018 results in February and to the surprise announcement that the dividend was to being held flat at the 2017 level