ING is more than merely a play on European interest rates. We believe ING's strong deposit franchises in its core markets is its greatest competitive advantage. Ultra low interest rates over much of the preceding decade completely obscured the benefits that come with having a constant source of cheap funding.
Dutch banking system is an oligopoly with the three main banks holding more than 90% of Dutch current accounts.
ING relies on net interest income for the bulk of its revenue making it even more sensitive to lower interest rates than the average European bank.
|
Metric
|
INGA
|
ABN
|
KBC
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.91 | 4.82 | 8.63 |
Price/Book Value | 0.98 | 0.58 | 1.19 |
Price/Sales | 2.44 | 1.49 | 2.51 |
Price/Cash Flow | 8.52 | 3.20 | 4.66 |
|
Metric
|
INGA
|
ABN
|
KBC
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
INGA
|
ABN
|
KBC
|
|---|---|---|---|
Return on Assets (Normalized) | 0.75% | 0.74% | 0.90% |
Return on Equity (Normalized) | 14.76% | 13.54% | 14.78% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co
JPM
| Wslzrwyxv | Zzyp | $559.9 Bil | |||
| Bank of America Corp
BAC
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| Wells Fargo & Co
WFC
| Jpnmxck | Qywz | $203.0 Bil | |||
| HSBC Holdings PLC ADR
HSBC
| Ddtxnyd | Hpzpx | $161.8 Bil | |||
| Royal Bank of Canada
RY
| Ntmljsrtx | Qyv | $146.6 Bil | |||
| Mitsubishi UFJ Financial Group Inc ADR
MUFG
| Rvpvmqbzb | Zkrq | $115.0 Bil | |||
| Citigroup Inc
C
| Kstzprdss | Mmwc | $114.6 Bil | |||
| UBS Group AG
UBS
| Hbxjkyfbw | Jkvjrb | $99.0 Bil | |||
| The Toronto-Dominion Bank
TD
| Ngpfhcptx | Gdkm | $94.6 Bil | |||
| Banco Santander SA ADR
SAN
| Lsj | Djzzrz | $73.2 Bil |
