ENXTAM:INGABanks
ING Groep (ENXTAM:INGA) Stock Climbs As Fee Growth Fuels Capital Story
ING Groep stock has quietly climbed in recent months, finishing today at €30.44 after a strong run over 7 days, 30 days and 90 days. The market is now weighing that move against a quarter where earnings power did some heavy lifting. Basic earnings per share reached €0.68 in Q2 and net income came in at €1.95b, helped by total revenue of €6.01b.
The real story sits beyond a single quarter. ING Groep now carries trailing 12 month earnings of €8.70b and trades on a P/E of about 10x. Management...