ING News and Press, ING Group N.V. From 11/03/22

ING Groep N.V. (ING) Q3 2022 Earnings Conference Call November 03, 2022 04:00 AM ET Company Participants Steven van Rijswijk - Chief Executive Officer Tanate Phutrakul - Chief Financial Officer Conference Call Participants Giulia Miotto - Morgan Stanley ...

The following slide deck was published by ING Groep N.V. in conjunction with their 2022 Q3 earnings call. For further details see: ING Groep N.V. 2022 Q3 - Results - Earnings Call Presentation

ING Group ( NYSE: ING ) has announced a share buyback program for up to of €1.5B to reduce share capital. The repurchase program will help ING converge its CET1 ratio towards its target of around 12.5% by 2025. Its CET1 ratio was 14.7% at the end of Q3, above the cu...

Summary Net interest income keeps growing on loans growth, with margins still the same as client rates lag funding rates. NIMs should plateau here but ING not fantastically levered to IRs. In fees and commission income, wholesale banking was the one that declined YoY due to weaker...

Summary We covered banks some time ago with a focus on which ones might benefit from rate hikes by having less exposure to fee and commission income. KBC demonstrates the value of traditional and long eschewed retail/commercial banking in the current environment. Has the full ...

Societe Generale has reported some strong quarters in FY'22, with pre-provision profits well ahead of expectations (and European bank averages), but the shares have weakened further. In addition to exiting its direct Russian operations, SocGen has seen a meaningful turnaround in resul...

Bridgewater Associates, the world's biggest hedge fund, has walked back from its big bet against Europe, slashing its short positions to $845M from as much as $10.5B, Bloomberg reported Wednesday, citing data it compiled from regulatory filings. Ray Dalio's company still has s...

ETF investors are looking for safety, and EPOL already has some complicated exposures. While there could be more to the story, given the typical risk profile of ETF investors, they need to take care around EPOL. Legal risks for major lenders and a decent amount of refining exposur...

Fisher’s 13F portfolio value decreased from ~$165B to ~$141B in Q2 2022. Johnson & Johnson and Capital One Financial were increased while reducing Eli Lilly and Novo Nordisk this quarter. The top three positions are Apple, Microsoft, and Amazon. They add up to ~15% of t...

ING Groep's capital ratios remain strong despite a dividend payment and a share buyback program. The H1 results were light due to some non-recurring items. The underlying EPS was 0.50 EUR (including 1.2B EUR in loan loss provisions). The exposure to Russia is slowly walked down. I...