ING Groep N.V. operates as a financial services company that provides banking, investments, life insurance, and retirement services worldwide. The company offers life insurance products, which consist of policies written for both individual and group customers, such as endowment, term, whole life, and unit linked insurance policies, as well as mandatory and voluntary pension funds; and non-life insurance products, including coverage for fire, automobile, disability, health-care, transport, and aviation insurance, as well as third party liability insurance, and indirect premiums. It also provides various types of retirement services, annuities, mutual funds, broker-dealer services, and institutional products, as well as retail and institutional asset management services. In addition, ING Groep offers wholesale banking products in the areas of financial markets, payments and cash management, structured finance; leasing and factoring; financial markets; other wholesale products; and real estate to corporates and institutions; retail banking services, such as savings accounts, mortgage loans, consumer loans, credit card services, and investment and insurance products to individuals, and to small- and medium-sized businesses; and private banking services, which comprise wealth management services to high net worth individuals. Further, it involves in the direct banking business and credit card operations. As of December 31, 2007, the company had approximately 1,500 branch, representative, and related offices worldwide. ING Groep was founded in 1991 and is based in Amsterdam, the Netherlands.
ING is currently under a critical support line going further below this could be a sign of a reversal. Here is my my full DD on ING with charts
I am not a huge fan of life insurance companies right now but ING looks like its one of the beaten down stocks that has not recovered and forming a bullish wedge. They aren't going anywhere anytime soon unless they run out of money to pay life insurance claims on this Covid19 pandemic. Last time they were here was the 08/09 financial crisis and it soon recovered to $15! The current price as of this post is $5.52.