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home / news releases / ing signals the worst is over and the shares remain

ING - ING Signals The Worst Is Over And The Shares Remain Undervalued

ING Group N.V.
  • ING's fourth quarter included a modest pre-provision profit beat on an adjusted basis, though lower provisioning drove the large majority of the beat.
  • Loans declined in 2020 and the recovery back to ING's former loan growth rate of around 4% is likely to take a couple of years.
  • Spreads will remain a headwind in 2021, but credit is improving and the worst is likely behind the bank; there will be charge-offs from here, but provisioning should normalize.
  • ING shares remain meaningfully undervalued even if the company only generates long-term profit growth in the low single-digits.

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ING Signals The Worst Is Over, And The Shares Remain Undervalued
Stock Information
Company Name: ING Group N.V.
Stock Symbol: ING
Market: NYSE
Website: ing.com
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