We believe ING's strong deposit franchises in its core markets are 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) | 10.76 | 5.37 | 9.31 |
Price/Book Value | 1.03 | 0.59 | 1.32 |
Price/Sales | 2.41 | 1.54 | 2.65 |
Price/Cash Flow | 5.37 | 4.15 | 6.77 |
|
Metric
|
INGA
|
ABN
|
KBC
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
INGA
|
ABN
|
KBC
|
|---|---|---|---|
Return on Assets (Normalized) | 0.72% | 0.68% | 0.88% |
Return on Equity (Normalized) | 14.21% | 12.31% | 14.59% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co
JPM
| Mtzlvlbq | Qngp | $589.8 Bil | |||
| Bank of America Corp
BAC
| Zpcmvgn | Kygt | $304.4 Bil | |||
| Wells Fargo & Co
WFC
| Tztgzhz | Qprnk | $188.2 Bil | |||
| Royal Bank of Canada
RY
| Rzgtfvvmsb | Pvv | $173.9 Bil | |||
| HSBC Holdings PLC ADR
HSBC
| Zcdqwsmf | Lcp | $163.7 Bil | |||
| Citigroup Inc
C
| Kbyytvvt | Ryff | $118.3 Bil | |||
| Mitsubishi UFJ Financial Group Inc ADR
MUFG
| Drqrdscf | Hhqyy | $117.6 Bil | |||
| The Toronto-Dominion Bank
TD
| Nyhyftbdrg | Jhcyj | $110.4 Bil | |||
| UBS Group AG
UBS
| Czcyfbbrn | Tnkfvv | $99.5 Bil | |||
| Banco Santander SA ADR
SAN
| Vnwh | Jmnfmt | $75.4 Bil |
United States