ING Groep: There Are Better Income Alternatives In The European Banking Sector
INGING Groep(ING) Seeking Alpha·2024-08-21 23:50

Imladris01 ING Groep N.V. (NYSE:ING) has reported recently its Q2 earnings, showing that rates have turned now into a headwind for business growth. This is yet reflected in its premium valuation. Thus, I'm not particularly bullish on its shares, and from an income perspective, there are better options in the European banking sector. As I've covered in previous articles, I see ING as a quality bank in Europe due to its strong fundamentals and high-dividend yield. This has led to a strong share price rally ov ...