ING Group, N.V. (ING) Stock Price & How to Invest

ING Groep N.V. is one of Europe's largest banks, headquartered in Amsterdam and serving roughly 40 million customers across the Netherlands, Belgium, Germany, Poland, and other markets. It runs a universal banking model split into Retail Banking (current and savings accounts, mortgages, and consumer and business lending, with its home markets in the Benelux and a large digital retail presence in Germany) and Wholesale Banking (lending, structured and trade finance, and capital markets for corporate and institutional clients). Its US-listed security is an ADR trading on the NYSE under ING, while the ordinary shares trade on Euronext Amsterdam.

The investment picture centers on a mature, deposit-rich bank whose profitability is tied to net interest income, fee growth, credit quality, and how much capital it returns to shareholders. ING has been generating strong net interest income as European rates normalized, carrying a solid CET1 capital ratio, and returning cash through a rising dividend and recurring share buybacks, with progress on the current buyback programme reported again in October 2026. Results have been improving through 2026: on Yahoo Finance's reported figures (in euros), revenue rose from about 5.8 billion in Q1 2026 to about 6.3 billion in Q2, up about 11% year over year, and quarterly net income climbed from about 1.56 billion to about 1.95 billion, with Q2 earnings per share of 0.77 beating the 0.74 consensus. Trailing twelve-month revenue is about 25.2 billion and net income about 8.7 billion. Q3 2026 results are scheduled for October 29, 2026, with consensus EPS near 0.72. Because it is euro-based, US holders of the ADR also take on euro-to-dollar currency exposure, and the bank's earnings are sensitive to European Central Bank rate moves, loan demand, and the regional economic cycle.

As a deposit-funded lender, ING's earnings are sensitive to European Central Bank rate cuts, which compress net interest margins. A weaker European economy could raise loan-loss provisions and slow credit demand across its home markets. Being euro-denominated, the ADR carries euro-to-dollar currency risk for US investors, so a stronger dollar can erode returns even when the bank performs well. After a run of about 38% over the past year, the ADR also gave back about 7% in the month to October 16, 2026, and the small group of covering analysts rates it a hold with a mean target near $36.50, so expectations already reflect much of the recent improvement. It also faces stiff competition from larger European banks (BNP Paribas, Santander) and domestic rivals (ABN AMRO, Rabobank), plus ongoing regulatory, capital, and compliance requirements that can affect payouts and profitability.

3 analysts publish price targets on ING, averaging $36.50 against a $33.45 price as of October 2026, or +9.1%. The published targets run from $32.00 to $42.50, a narrow spread, and the ratings split 1 buy, 2 hold, 0 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ING forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on ING Group, N.V.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Net interest income and rate normalization. The bulk of ING's income comes from the spread between what it earns on loans and pays on deposits. The most optimistic published target, $42.50, assumes this works close to its best case.

The case against. As a deposit-funded lender, ING's earnings are sensitive to European Central Bank rate cuts, which compress net interest margins. The most pessimistic target, $32.00, is roughly what ING is worth if this bites instead.

Read the full bull and bear case on ING, including what would have to change to break either one. Walnut is not an investment adviser.

No. ING Group, N.V. (ING) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ING Group, N.V.'s investor relations page or your broker.

• Revenue (TTM): ~25.2B euros (Q2 up ~11% YoY)
• Net income (TTM): ~8.7B euros
• Q2 2026 net income: ~1.95B euros (EPS 0.77 vs 0.74 est.)
• Operating / profit margin: ~49% / ~34%
• Market cap: ~$96B
• P/E: ~12.6x trailing, ~10.2x forward
• Dividend yield: ~4% (~$1.32 per ADR)

ING trades at a modest earnings multiple typical of large European banks, roughly 12.6 times trailing and 10.2 times forward earnings, at about 1.7 times book value, with a dividend yield near 4%. The ADR closed at about $33.72 on October 16, 2026, within a 52-week range of about $23.64 to $37.52. Valuation reflects a mature, capital-return-focused bank rather than a high-growth name.

Other names that sit close to ING: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ING exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ING sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ING fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

ING is a way to hold a diversified, deposit-funded European bank whose earnings track interest rates, loan growth, and capital returns rather than a single growth story. A strong Q2 2026 and steady buybacks have lifted the ADR about 38% over the past year, with Q3 results due October 29, 2026.

Whether ING is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ING a buy or a sell?, and where the stock could go from here in the ING stock forecast.

For income investors, whether ING pays a dividend and how the payout looks is covered in does ING pay a dividend? And to weigh ING against a peer, read the full side-by-side comparisons: ING vs SAN and ING vs DB.