ING Groep NV
INGA: XAMS (NLD)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JM% | LOCK|J%@h | LOCK|nX?<<Bt |
ING Earnings: Increased Shareholder Distributions but Cloudy 2025 Outlook
Narrow-moat ING booked a net profit of EUR 1.9 billion for the third quarter of 2024, 10% ahead of the company-compiled consensus estimate but 5% lower than what ING achieved a year earlier. Earnings per share, however, increased by 6% year on year, illustrating the benefits of ING's substantial prior share repurchases.
