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ING Groep ( (ING) ) has shared an update.
ING Groep announced progress in its €2.0 billion share buyback programme, repurchasing 3,163,956 shares between December 23 and December 27, 2024, at an average price of €14.85. This brings the total shares repurchased under the program to 48,430,773 at an average price of €14.97, amounting to approximately 36.24% of the program’s maximum total value. This ongoing share buyback effort is in line with 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 with a strong focus in Europe, offering a wide range of banking services through its operating company, ING Bank. The bank aims to empower individuals and businesses by providing retail and wholesale banking services in over 40 countries. ING is committed to sustainability and is included in major sustainability and ESG index products.
YTD Price Performance: 10.90%
Average Trading Volume: 2,024,512
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.97B
See more insights into ING stock on TipRanks’ Stock Analysis page.
