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
|
ING
|
ABN
|
KBC
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.95 | 5.37 | 9.31 |
Price/Book Value | 1.06 | 0.59 | 1.32 |
Price/Sales | 2.45 | 1.54 | 2.65 |
Price/Cash Flow | 5.46 | 4.15 | 6.77 |
|
Metric
|
ING
|
ABN
|
KBC
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
ING
|
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
| Whkbrgggj | Xzfry | $589.8 Bil | |||
| Bank of America Corp
BAC
| Jslkjdqcv | Jxj | $304.4 Bil | |||
| Wells Fargo & Co
WFC
| Qhwnjcdjp | Glbb | $188.2 Bil | |||
| Royal Bank of Canada
RY
| Bsnktwsyf | Gpkvn | $173.9 Bil | |||
| HSBC Holdings PLC ADR
HSBC
| Wddpjdjb | Bglc | $163.7 Bil | |||
| Citigroup Inc
C
| Rmzydvkwr | Bkkf | $118.3 Bil | |||
| Mitsubishi UFJ Financial Group Inc ADR
MUFG
| Znbpkdfcl | Ypj | $117.6 Bil | |||
| The Toronto-Dominion Bank
TD
| Rmmzdcglb | Qnsxb | $110.4 Bil | |||
| UBS Group AG
UBS
| Cywnxwbnkd | Wsmxnyc | $99.5 Bil | |||
| Banco Santander SA ADR
SAN
| Pdhxq | Tnkypw | $75.4 Bil |
United States