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INGApollo

ING vs Apollo

This page compares ING (ING Groep N.V.) and Apollo Asset Management Inc, highlighting their business models, financial performance, and market context in clear, accessible terms. The aim is to present...

Why It's Moving

ING

ING Groep Surges to 52-Week High on Deutsche Bank Upgrade and Strong Earnings Momentum

  • Deutsche Bank lifted ING from Hold to Buy, raising its price target to €28 from €25, driven by expectations of sustained lending volume growth.
  • Q4 earnings crushed forecasts with $0.56 EPS versus $0.50 expected, despite revenue shortfall, highlighting resilient margins at 27.50% and ROE of 12.26%.
  • Ongoing shareholder distribution includes €0.172 cash payment per share in January 2026 plus a €1.1 billion buyback, targeting a CET1 ratio near 13%.
Sentiment:
🐃Bullish
Apollo

Apollo gears up for pivotal Q4 earnings reveal and CFO spotlight at UBS conference.

  • Q4 earnings set for Feb. 9 before market open, with 8:30 AM ET webcast—analysts expect results signaling strength in private credit and equity amid $908B AUM.
  • CFO Martin Kelly's UBS fireside chat on Feb. 10 offers fresh insights into deal flow and growth, building on recent refinancings and portfolio wins.
  • Moderate Buy consensus prevails with average target above $165, as recent sector deals highlight Apollo's active capital solutions despite mixed stock reactions.
Sentiment:
⚖️Neutral

Investment Analysis

ING

ING

ING

Pros

  • ING showed strong Q3 2025 financial results with net profit of €1.787 billion and an upgraded full-year ROE outlook above 12.5%.
  • The bank is advancing digital innovation by launching a generative AI chatbot across six markets, indicating technological leadership.
  • ING has solid capital strength with a CET1 ratio of 13.4%, well above regulatory requirements, supporting resilience and growth.

Considerations

  • Wholesale banking growth remains subdued, posing a challenge amid competitive and macroeconomic pressures in major European markets.
  • Foreign exchange volatility could negatively impact reported profits over coming quarters, adding to earnings uncertainty.
  • Ongoing macroeconomic and geopolitical uncertainties may affect loan growth momentum and fee income sustainability.

Pros

  • Apollo Asset Management has diversified operations with segments in Asset Management, Retirement Services, and Principal Investing.
  • The company serves multiple sectors including chemicals, manufacturing, natural resources, and financial services, reducing sector-specific risk.
  • Apollo's large market capitalization (around $72 billion) reflects its established position in alternative asset management.

Considerations

  • Alternative asset managers like Apollo are sensitive to market volatility which can impact asset valuations and fee income.
  • Dependence on performance fees and capital markets activity exposes Apollo to cyclicality and macroeconomic headwinds.
  • Regulatory changes in financial services and investment management could add compliance costs and operational challenges.

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July 25, 2025

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ING (ING) Next Earnings Date

ING Groep N.V. (ING) is scheduled to report its Q4 2025 earnings on January 29, 2026, covering the full-year results. This date aligns with the company's historical pattern of late-January releases for year-end figures, though some estimates point to early February. Investors should monitor official announcements for confirmation ahead of the release.

Apollo (APO) Next Earnings Date

Apollo Global Management (APO) is scheduled to report its next earnings on February 9, 2026, ahead of the market open, covering the fourth quarter and full year 2025. This date aligns with the company's investor relations announcement and consensus from multiple analyst sources. The prior quarter's results were released on November 4, 2025, for Q3 2025.

Which Baskets Do They Appear In?

European Financial Consolidation

European Financial Consolidation

BNP Paribas's acquisition of AXA Investment Managers could trigger a wave of mergers in European finance. These carefully selected stocks represent potential buyers and targets in banking, insurance, and asset management as the industry reshapes for the future.

Published: July 2, 2025

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