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ABNRY - ING: Steady And Underappreciated Or Boring And Underwhelming?
ABN AMRO Bank N.V. - ADR
The best I can say about ING Groep (ING) and its performance over the past eight months or so is that the shares have at least beaten its European peers … albeit only by a few percentage points and the shares are still down over that time period. For better or worse, the story remains the same – steady execution, but uninspiring growth in a low-rate environment where credit costs probably can’t get much better.
There are certainly areas where ING could look to improve, including fee income, but I think the company’s