ING Groep N.V., trading as ING, is a Dutch multinational banking and financial services corporation headquartered in Amsterdam, Netherlands. With its market capitalization of around 50 billion US Dollars (USD) as of February 1st 2023 and recent share price of 13.93 USD, the company has become one of the major players in the global banking sector. As of this date, the market cap for ING has decreased by 4% compared to February 2nd 2023 and by 6.5% compared to February 3rd 2023 when it was 49.2 bln USD. The share price had a slight decrease of 0.2 USD or 1.4%, while daily high and low remained within 13.81-13.93 range
Looking at ING’s performance over time, its market capitalization has increased significantly since April 2020 when it was valued at roughly 30 bln USD, reaching its peak in May 2021 with 73 bln USD total value that later started falling down gradually decreasing by 32% till the current level of 50 bln USD as of February 1st 2023. Annual high for this period is 14.75 USD (reached in June 2021), while annual low is 8.14 USD (from March 2020).
Overall, with strong presence on global banking markets and ever-growing customer base, ING Groep N.V remains one of the most profitable companies within this sector with quite stable financial position that allows further development and growth plans execution in the future years
