ING vs. KEY: ING Groep vs. KeyCorp Stock Comparison

November 11, 2026

How do ING Groep (ING) and KeyCorp (KEY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ING Groep (ING) and KeyCorp (KEY) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

KeyCorp (KEY) trades as ordinary local shares, while ING Groep (ING) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for ING Groep (ING) and KeyCorp (KEY)
Profile Item	ING	KEY
Name	ING Groep N.V. Sponsored ADR	KeyCorp
Country/Region	Netherlands	United States
GICS Sector	Financials	Financials
GICS Industry Group	Banks	Banks
GICS Industry	Banks	Banks
GICS Sub-Industry	Diversified Banks	Diversified Banks
Market Capitalization	90.37 billion USD	22.02 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 18, 1994	November 5, 1987
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ING

KEY

GSPC

ING Groep (ING) vs. KeyCorp (KEY), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ING Groep (ING) and KeyCorp (KEY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ING Groep (ING) and KeyCorp (KEY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Total Return (1Y)	34.23%	24.10%
Total Return (3Y, Annualized)	44.65%	31.53%
Total Return (5Y, Annualized)	24.74%	3.00%

Risk Profile

Drawdown History

ING

KEY

GSPC

ING Groep (ING) vs. KeyCorp (KEY), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ING Groep (ING) and KeyCorp (KEY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Volatility (1Y, Annualized)	28.52%	23.07%
Beta (5Y)	0.85	1.06
Max Drawdown (5Y)	-43.39%	-65.23%
Avg. Volume (3M)	2.24M	14.36M

Risk-Adjusted Performance

Risk-Return Positioning

ING and KEY are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Sharpe Ratio (1Y)	1.05	0.86
Sortino Ratio (1Y)	1.67	1.25

Profitability

ROE (TTM)

ING Groep (ING) at 17.76% sits in the top ROE quartile, while KeyCorp (KEY) at 11.17% is closer to the peer norm — stronger capital efficiency for ING.

ING

Banks industry group

17.76%

Max: 19.84%
ING: 17.76%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

KEY

Banks industry group

11.17%

Max: 19.84%
Q3: 13.67%
Median: 11.49%
KEY: 11.17%
Q1: 9.50%
Min: 3.64%

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both ING Groep (ING) at 34.40% and KeyCorp (KEY) at 27.99% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ING

Banks industry group

34.40%

Max: 47.19%
Q3: 35.25%
ING: 34.40%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

KEY

Banks industry group

27.99%

Max: 47.19%
Q3: 35.25%
Median: 31.21%
KEY: 27.99%
Q1: 27.11%
Min: 14.93%

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for ING Groep (ING) in Banks and KeyCorp (KEY) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
ROE (TTM)	17.76%	11.17%
ROA (TTM)	0.79%	1.11%
Net Margin (TTM)	34.40%	27.99%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

KeyCorp (KEY) at 65.72% delivers above-range revenue growth, while ING Groep (ING) at 1.55% falls into the bottom quartile — a wide split in revenue momentum.

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: ING Groep (ING) reports EPS growth of 7.07%, ranked against its industry; KeyCorp (KEY) has no EPS growth figure this period.

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Revenue Growth (YoY)	1.55%	65.72%
Revenue Growth (3Y CAGR)	6.63%	1.21%
EPS Growth (YoY)	7.07%	--
EPS Growth (3Y CAGR)	28.04%	-7.65%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: ING Groep (ING) in Banks and KeyCorp (KEY) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: ING Groep (ING) in Banks and KeyCorp (KEY) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both ING Groep (ING) at 4.55% and KeyCorp (KEY) at 3.91% offer top-quartile dividend income relative to share price within their industries.

ING

Banks industry group

4.55%

Max: 5.79%
ING: 4.55%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

KEY

Banks industry group

3.91%

Max: 5.79%
KEY: 3.91%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

Both ING Groep (ING) at 48.14% and KeyCorp (KEY) at 45.05% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ING

Banks industry group

48.14%

Max: 70.75%
ING: 48.14%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

KEY

Banks industry group

45.05%

Max: 70.75%
KEY: 45.05%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
Dividend Yield (TTM)	4.55%	3.91%
Dividend Payout Ratio (TTM)	48.14%	45.05%

Valuation

P/E Ratio (TTM)

Both ING Groep (ING) at 11.70 and KeyCorp (KEY) at 11.46 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ING

Banks industry group

11.70

Max: 18.16
Q3: 13.75
Median: 11.81
ING: 11.70
Q1: 10.64
Min: 6.49

KEY

Banks industry group

11.46

Max: 18.16
Q3: 13.75
Median: 11.81
KEY: 11.46
Q1: 10.64
Min: 6.49

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both ING Groep (ING) in Banks and KeyCorp (KEY) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

P/B Ratio (MRQ)

KeyCorp (KEY) at 1.39 is valued about in line with its industry on P/B ratio, while ING Groep (ING) at 1.61 carries an above-peer premium to book — ING is pricier on assets.

ING

Banks industry group

1.61

Max: 2.28
ING: 1.61
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

KEY

Banks industry group

1.39

Max: 2.28
Q3: 1.58
KEY: 1.39
Median: 1.32
Q1: 1.10
Min: 0.59

ING Groep (ING) vs. KeyCorp (KEY): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for ING Groep (ING) and KeyCorp (KEY)
Metric	ING	KEY
P/E Ratio (TTM)	11.70	11.46
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.61	1.39
Free Cash Flow Yield (TTM)	--	--