ING vs. NU: ING Groep vs. Nu Holdings Stock Comparison
How do ING Groep (ING) and Nu Holdings (NU) 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 Nu Holdings (NU) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
ING Groep (ING) has more than two decades of public-market history since May 18, 1994, whereas Nu Holdings (NU) listed on December 9, 2021 and has a much shorter record to draw on.
Nu Holdings (NU) 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.
| Profile Item | ING | NU |
|---|---|---|
| Name | ING Groep N.V. Sponsored ADR | Nu Holdings Ltd. Class A Ordinary Shares |
| Country/Region | Netherlands | Brazil |
| 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 | 58.11 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 18, 1994 | December 9, 2021 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ING | NU |
|---|---|---|
| Total Return (1Y) | 34.23% | -22.46% |
| Total Return (3Y, Annualized) | 44.65% | 14.21% |
| Total Return (5Y, Annualized) | 24.74% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ING | NU |
|---|---|---|
| Volatility (1Y, Annualized) | 28.52% | 46.14% |
| Beta (5Y) | 0.85 | 0.94 |
| Max Drawdown (5Y) | -43.39% | -72.07% |
| Avg. Volume (3M) | 2.24M | 80.53M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ING | NU |
|---|---|---|
| Sharpe Ratio (1Y) | 1.05 | -0.58 |
| Sortino Ratio (1Y) | 1.67 | -0.78 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Nu Holdings (NU) at 31.63% is the standout with ROE above its industry range; ING Groep (ING) at 17.76% also sits in the top quartile.
ING
Banks industry group
17.76%
- Max
- 19.84%
- ING
- 17.76%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
NU
Banks industry group
31.63%
- NU
- 31.63%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Nu Holdings (NU) at 42.73% retains a top-quartile share of revenue as profit, ahead of ING Groep (ING) at 34.40%, which keeps about the industry-typical share.
ING
Banks industry group
34.40%
- Max
- 47.19%
- Q3
- 35.25%
- ING
- 34.40%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
NU
Banks industry group
42.73%
- Max
- 47.19%
- NU
- 42.73%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for ING Groep (ING) in Banks and Nu Holdings (NU) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | ING | NU |
|---|---|---|
| ROE (TTM) | 17.76% | 31.63% |
| ROA (TTM) | 0.79% | 4.96% |
| Net Margin (TTM) | 34.40% | 42.73% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Nu Holdings (NU) at 28.51% sits in the top revenue growth quartile, while ING Groep (ING) at 1.55% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Nu Holdings (NU) at 44.92% sits in the top EPS growth quartile, while ING Groep (ING) at 7.07% is closer to the peer norm — faster per-share earnings growth for NU.
Growth Metrics
| Metric | ING | NU |
|---|---|---|
| Revenue Growth (YoY) | 1.55% | 28.51% |
| Revenue Growth (3Y CAGR) | 6.63% | 52.93% |
| EPS Growth (YoY) | 7.07% | 44.92% |
| EPS Growth (3Y CAGR) | 28.04% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: ING Groep (ING) in Banks and Nu Holdings (NU) 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 Nu Holdings (NU) 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
| Metric | ING | NU |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Nu Holdings (NU) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ING Groep (ING) reports a yield of 4.55%, ranking against industry peers normally.
ING
Banks industry group
4.55%
- Max
- 5.79%
- ING
- 4.55%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
NU
Banks industry group
0.00%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- NU
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Nu Holdings (NU) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ING Groep (ING) reports a payout of 48.14%, ranking against industry peers normally.
ING
Banks industry group
48.14%
- Max
- 70.75%
- ING
- 48.14%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
NU
Banks industry group
0.00%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- NU
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | ING | NU |
|---|---|---|
| Dividend Yield (TTM) | 4.55% | 0.00% |
| Dividend Payout Ratio (TTM) | 48.14% | 0.00% |
Valuation
P/E Ratio (TTM)
ING Groep (ING) at 11.70 is near its industry’s usual P/E ratio, while Nu Holdings (NU) at 16.48 sits in the richer quartile — NU needs stronger growth or earnings quality to justify the premium.
ING
Banks industry group
11.70
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- ING
- 11.70
- Q1
- 10.64
- Min
- 6.49
NU
Banks industry group
16.48
- Max
- 18.16
- NU
- 16.48
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both ING Groep (ING) in Banks and Nu Holdings (NU) 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)
Both look rich against book: ING Groep (ING) at 1.61 sits in the upper P/B ratio quartile, and Nu Holdings (NU) at 4.39 prices even higher, above its industry range.
ING
Banks industry group
1.61
- Max
- 2.28
- ING
- 1.61
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
NU
Banks industry group
4.39
- NU
- 4.39
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | ING | NU |
|---|---|---|
| P/E Ratio (TTM) | 11.70 | 16.48 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.61 | 4.39 |
| Free Cash Flow Yield (TTM) | -- | -- |