ING Group, N.V. (ING) Stock Price & How to Invest
Last updated July 2026
Short answer
ING (ticker ING) is the NYSE-listed ADR of ING Groep N.V., a large Dutch universal bank that offers exposure to European retail and wholesale banking, with income driven mostly by net interest income and a dividend-plus-buyback capital-return profile.
ING stock price
As of 2026-07-24, ING Group, N.V. (ING) last closed at $32.83, up 37.5% over the past year. Over the past 52 weeks it has traded between $22.71 and $33.33.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or ING Group, N.V.'s investor relations page. Walnut is informational, not investment advice.
What does ING Group, N.V. (ING) do?
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. 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.
What's driving ING Group, N.V. (ING)?
1. 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. Total income reached roughly 5.7 billion euros in the first quarter of 2026, up about 8% year over year, helped by net interest income in the high-3 to low-4 billion euro range per quarter. As ECB rates stabilize, the swing from margin expansion toward loan-growth and fee-driven income becomes the key earnings lever.
2. Capital returns (dividends and buybacks)
ING has leaned into a shareholder-return story, lifting its dividend and running recurring share buyback programs supported by a strong CET1 capital ratio. The ADR has carried a trailing dividend yield in the roughly 4% to 5% range. Continued excess-capital distribution is a central part of the thesis for income-oriented holders.
3. Digital retail and geographic diversification
ING is strongest in the Netherlands, Belgium, and Germany, and runs digital-first retail operations across selected European markets. It prioritizes organic growth by simplifying products and driving mobile customer acquisition to add primary-banking relationships, which spreads risk across several national economies rather than one.
4. Fee income and cost discipline
With interest-margin tailwinds fading, growth in fee-based income (payments, lending, and markets services) and control of cost inflation matter more to the earnings trajectory. Management has pointed to recovering loan growth, fee expansion, and modest credit losses as offsets to normalizing net interest margins.
What are the risks to ING Group, N.V. (ING)?
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. 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.
How is ING Group, N.V. (ING) valued? (approximate, July 2026)
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, total income): ~$24B (roughly 22-23B euros)
- Net profit (TTM): ~$6-7B
- Q1 2026 total income: ~$6.3B (~5.7B euros)
- Market cap: ~$88-93B
- P/E (TTM): ~13x
- Dividend yield: ~4-5%
ING trades at a modest earnings multiple typical of large European banks, roughly 13 times trailing earnings, with a mid-single-digit dividend yield. The ADR traded near the low-30s USD in mid-2026, within a 52-week range of about $20 to $31. Valuation reflects a mature, capital-return-focused bank rather than a high-growth name.
Who competes with ING Group, N.V. (ING)?
Large European universal banks
BNP Paribas, Banco Santander, Deutsche Bank, and Societe Generale compete across retail and wholesale banking with bigger balance sheets and broader investment-banking and international reach, especially across Europe and Latin America.
Dutch and Benelux domestic rivals
ABN AMRO and Rabobank contest mortgage and small-business lending in the Netherlands and Belgium, often driving price competition on rates and fees in ING's home markets.
Digital and direct banks
Online-first and neobank players compete for deposits and primary-banking relationships in Germany and other European markets where ING runs its digital retail model.
How to invest in ING Group, N.V. (ING)
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 basket, so ING sits alongside other stocks that express the same thesis.
Walnut takes the basket 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.
The bottom line on ING Group, N.V. (ING)
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.
More on ING Group, N.V. (ING)
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?, 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?
Build a basket around ING with Walnut
Use ING Group, N.V. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does ING Groep do?
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ING Groep N.V. is a large Dutch universal bank serving around 40 million customers. It runs Retail Banking (savings and current accounts, mortgages, and consumer and business lending) and Wholesale Banking (corporate lending, trade and structured finance, and capital markets) across Europe and select international markets.
Is ING on the NYSE a stock or an ADR?
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The US-listed ING security is an American Depositary Receipt (ADR) representing ordinary shares of ING Groep N.V., which trade on Euronext Amsterdam. Trading the ADR gives US investors exposure to the euro-denominated shares through a NYSE listing.
Does ING pay a dividend?
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Yes. ING has paid a dividend and raised it in recent periods, with the ADR carrying a trailing yield roughly in the 4% to 5% range. It also returns capital through recurring share buyback programs supported by its capital position.
How does ING make money?
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Most of ING's income is net interest income, the spread between what it earns on loans and pays on deposits, supplemented by fee income from payments, lending, and markets services. Total income was about 5.7 billion euros in the first quarter of 2026.
What are the main risks of investing in ING?
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Key risks include European Central Bank rate cuts that compress net interest margins, a weaker European economy that raises loan losses, euro-to-dollar currency risk for US ADR holders, competition from larger and domestic banks, and banking regulation that can affect capital and payouts.
Who are ING's main competitors?
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ING competes with large European banks such as BNP Paribas, Banco Santander, Deutsche Bank, and Societe Generale, plus Dutch rivals ABN AMRO and Rabobank in mortgages and small-business lending, and digital or direct banks for deposits.
How did ING perform in its recent quarter?
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In the first quarter of 2026, ING reported total income of about 5.7 billion euros, up roughly 8% year over year, and net profit of around 1.5 billion euros, helped by strong net interest income and a relatively benign credit environment.
What is ING's valuation?
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ING has traded at roughly 13 times trailing earnings with a market capitalization in the high-$80 billion to low-$90 billion range in mid-2026. The ADR traded near the low-30s USD, within a 52-week range of about $20 to $31.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with ING Group, N.V.'s investor relations page or your broker before making investment decisions.