5 Best European Bank Stocks to Invest In

In this article, we will discuss the 5 best European bank stocks to invest in. If you want to explore similar stocks, you can read 9 Best European Bank Stocks to Invest In.

5. ING Groep N.V. (NYSE:ING)

Number of Hedge Fund Holders: 12

ING Groep N.V. (NYSE:ING) is a major European financial services company based in the Netherlands. With a long and successful history of providing banking, insurance, and asset management services, the company is well-positioned to capitalize on the potential of the European financial services sector and is placed high on our rankings of the best European bank stocks to buy now. The stock has surged 8.10% over the past six months, as of December 1, and is trading at a PE multiple of 12x.

This November, Morgan Stanley analyst Giulia Aurora Miotto raised her price target on ING Groep N.V. (NYSE:ING) to EUR 16 from EUR 14 and reiterated an Overweight rating on the shares. The analyst also named the stock her “Top Pick”. On November 9, Deutsche Bank analyst Benjamin Goy raised his price target on ING Groep N.V. (NYSE:ING) to EUR 16 from EUR 15 and maintained a Buy rating on the shares.

At the close of Q3 2022, 12 hedge funds were bullish on ING Groep N.V. (NYSE:ING) disclosed stakes worth $535 million. Of those, Fisher Asset Management was the most prominent shareholder in the company and held a position worth $438.19 million.