ING vs UniCredit (INGA.AS vs UCG.MI)

ING (INGA.AS) vs UniCredit (UCG.MI) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.

ING (INGA.AS) and UniCredit (UCG.MI) compete in banking. Here are ING and UniCredit side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy ING or UniCredit.

ING vs UniCredit: the figures

ING and UniCredit figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that ING or UniCredit figure is not available, and we never estimate it.

3 key differences between ING and UniCredit

1. Growth: ING grew sales +4.5% year on year in its latest quarter, against -9.2% for UniCredit.
2. Profitability: for every 100 of sales, UniCredit keeps 44.0 as net profit and ING keeps 34.4.
3. Valuation: ING trades at 12.4x its annual earnings and UniCredit at 11.2x; the market pays more for each dollar of ING profit, usually because it expects more growth.

ING or UniCredit: which fits your profile

• If you want growth: ING is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
• If you want income (dividends): UniCredit pays the higher dividend relative to its price.
• If price is what matters most to you: UniCredit trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.

Neither ING nor UniCredit wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.

How ING and UniCredit make money

ING (INGA.AS)

ING is a Dutch bank with two main businesses: Retail Banking, the larger, offering accounts, mortgages and loans to individuals and small firms in the Netherlands, Belgium, Germany and markets like Spain; and Wholesale Banking, which provides lending, trade finance and treasury services to large companies. Net interest income drives most earnings. Full ING analysis.

UniCredit (UCG.MI)

UniCredit makes money from lending, deposits and fees charged to households and businesses. It reports by geography: Italy, its biggest market; Germany, through HypoVereinsbank; Central Europe (Austria and neighboring countries); and Eastern Europe. It also holds stakes in other European banks. Full UniCredit analysis.

Frequently asked questions: ING vs UniCredit

Is ING or UniCredit the better stock?

Choosing between ING and UniCredit depends on what you are looking for. ING is growing faster right now, and UniCredit trades on the lower P/E. Fintols does not tell you whether to buy ING or UniCredit: it shows you the differences so you can decide.

Which pays a higher dividend, ING or UniCredit?

As of November 4, 2026, UniCredit yields 4.24% and ING yields 4.10%. Also check how much of their profit ING and UniCredit pay out: if it is more than they earn, it cannot last.

Which is more expensive, ING or UniCredit?

On P/E, ING (12.4x) is more expensive than UniCredit (11.2x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.

Can I own both ING and UniCredit?

Yes. Many people spread their money across several companies, such as ING and UniCredit, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying ING or UniCredit.

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More companies like ING and UniCredit: banking stocks. Educational content about ING and UniCredit, not investment advice.