ING vs. PNC: ING Groep vs. PNC Financial Services Stock Comparison

November 11, 2026

How do ING Groep (ING) and PNC Financial Services (PNC) 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 PNC Financial Services (PNC) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

PNC Financial Services (PNC) 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 PNC Financial Services (PNC)
Profile Item	ING	PNC
Name	ING Groep N.V. Sponsored ADR	The PNC Financial Services Group, Inc.
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	89.43 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 18, 1994	November 17, 1975
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ING

PNC

GSPC

ING Groep (ING) vs. PNC Financial Services (PNC), 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 PNC Financial Services (PNC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ING Groep (ING) and PNC Financial Services (PNC)
Metric	ING	PNC
Total Return (1Y)	34.23%	30.50%
Total Return (3Y, Annualized)	44.65%	29.46%
Total Return (5Y, Annualized)	24.74%	6.26%

Risk Profile

Drawdown History

ING

PNC

GSPC

ING Groep (ING) vs. PNC Financial Services (PNC), 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 PNC Financial Services (PNC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ING Groep (ING) and PNC Financial Services (PNC)
Metric	ING	PNC
Volatility (1Y, Annualized)	28.52%	21.60%
Beta (5Y)	0.85	0.90
Max Drawdown (5Y)	-43.39%	-47.98%
Avg. Volume (3M)	2.24M	1.77M

Risk-Adjusted Performance

Risk-Return Positioning

ING and PNC 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 PNC Financial Services (PNC)
Metric	ING	PNC
Sharpe Ratio (1Y)	1.05	1.21
Sortino Ratio (1Y)	1.67	1.77

Profitability

ROE (TTM)

ING Groep (ING) at 17.76% sits in the top ROE quartile, while PNC Financial Services (PNC) at 13.10% 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%

PNC

Banks industry group

13.10%

Max: 19.84%
Q3: 13.67%
PNC: 13.10%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

ING Groep (ING) vs. PNC Financial Services (PNC): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both ING Groep (ING) at 34.40% and PNC Financial Services (PNC) at 31.68% 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%

PNC

Banks industry group

31.68%

Max: 47.19%
Q3: 35.25%
PNC: 31.68%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

ING Groep (ING) vs. PNC Financial Services (PNC): 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 PNC Financial Services (PNC) 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 PNC Financial Services (PNC)
Metric	ING	PNC
ROE (TTM)	17.76%	13.10%
ROA (TTM)	0.79%	1.33%
Net Margin (TTM)	34.40%	31.68%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

PNC Financial Services (PNC) at 10.90% is around its peer norm for revenue growth, while ING Groep (ING) at 1.55% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ING Groep (ING) vs. PNC Financial Services (PNC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ING Groep (ING) at 7.07% and PNC Financial Services (PNC) at 20.74% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

ING Groep (ING) vs. PNC Financial Services (PNC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ING Groep (ING) and PNC Financial Services (PNC)
Metric	ING	PNC
Revenue Growth (YoY)	1.55%	10.90%
Revenue Growth (3Y CAGR)	6.63%	3.01%
EPS Growth (YoY)	7.07%	20.74%
EPS Growth (3Y CAGR)	28.04%	6.20%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: ING Groep (ING) in Banks and PNC Financial Services (PNC) 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 PNC Financial Services (PNC) 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 PNC Financial Services (PNC)
Metric	ING	PNC
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

ING Groep (ING) at 4.55% delivers top-quartile income for its industry, while PNC Financial Services (PNC) at 3.13% pays a more typical yield — both are credible income propositions, ING the richer one.

ING

Banks industry group

4.55%

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

PNC

Banks industry group

3.13%

Max: 5.79%
Q3: 3.18%
PNC: 3.13%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

ING Groep (ING) vs. PNC Financial Services (PNC): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

PNC Financial Services (PNC) at 37.81% pays out a band-typical share of earnings, while ING Groep (ING) at 48.14% distributes more than its industry norm — less retained, thinner cover.

ING

Banks industry group

48.14%

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

PNC

Banks industry group

37.81%

Max: 70.75%
Q3: 41.28%
PNC: 37.81%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

ING Groep (ING) vs. PNC Financial Services (PNC): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for ING Groep (ING) and PNC Financial Services (PNC)
Metric	ING	PNC
Dividend Yield (TTM)	4.55%	3.13%
Dividend Payout Ratio (TTM)	48.14%	37.81%

Valuation

P/E Ratio (TTM)

Both ING Groep (ING) at 11.70 and PNC Financial Services (PNC) at 12.00 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

PNC

Banks industry group

12.00

Max: 18.16
Q3: 13.75
PNC: 12.00
Median: 11.81
Q1: 10.64
Min: 6.49

ING Groep (ING) vs. PNC Financial Services (PNC): 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 PNC Financial Services (PNC) 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 ING Groep (ING) at 1.61 and PNC Financial Services (PNC) at 1.59 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

ING

Banks industry group

1.61

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

PNC

Banks industry group

1.59

Max: 2.28
PNC: 1.59
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

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

Valuation Metrics

Valuation metrics for ING Groep (ING) and PNC Financial Services (PNC)
Metric	ING	PNC
P/E Ratio (TTM)	11.70	12.00
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.61	1.59
Free Cash Flow Yield (TTM)	--	--