ING Groep ( (ING) ) just unveiled an announcement.
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ING Groep announced progress in its €2.0 billion share buyback programme, repurchasing 3,603,185 shares between December 30, 2024, and January 3, 2025, at an average price of €15.10. The total number of shares repurchased under this programme to date is 52,033,958, amounting to €779,208,205.28, completing about 38.96% of the programme’s maximum total value. This buyback is part of ING’s strategy to reduce its share capital, potentially impacting its market positioning and shareholder value.
More about ING Groep
ING is a global financial institution based in Europe, offering retail and wholesale banking services through ING Bank, its operating company. With more than 60,000 employees, ING provides services in over 40 countries, focusing on empowering people in business and life. ING places a strong emphasis on sustainability, with its ESG practices rated ‘AA’ by MSCI and low risk by Sustainalytics.
YTD Price Performance: 0.90%
Average Trading Volume: 2,010,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $48.56B
See more data about ING stock on TipRanks’ Stock Analysis page.
