(VIANEWS) – Shares of ING Group (NYSE: ING) slid by a staggering 22.42% in 10 sessions from $14.32 to $11.11 at 11:52 EST on Friday, following the last session’s upward trend. NYSE is sliding 1.62% to $14,591.28, following the last session’s upward trend.
ING Group’s last close was $11.83, 19.63% under its 52-week high of $14.72.
About ING Group
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
Earnings Per Share
As for profitability, ING Group has a trailing twelve months EPS of $0.77.
PE Ratio
ING Group has a trailing twelve months price to earnings ratio of 14.47. Meaning, the purchaser of the share is investing $14.47 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.19%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.4%, now sitting on 16.7B for the twelve trailing months.
Moving Average
ING Group’s value is way under its 50-day moving average of $13.63 and higher than its 200-day moving average of $10.99.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 12, 2023, the estimated forward annual dividend rate is 0.26 and the estimated forward annual dividend yield is 1.96%.
Yearly Top and Bottom Value
ING Group’s stock is valued at $11.11 at 11:52 EST, way below its 52-week high of $14.72 and way higher than its 52-week low of $8.14.
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