INGA.AS · AMS
Euro Stoxx 50
ING Groep N.V.
Financial services · Diversified banks
€29.91
+€0.11 (+0.37%) today
Closing price on Nov 11, 2026 · Source: Yahoo Finance
Consensus of 20 analysts
Buy
Median price target €35.50 +18.7%
- Open
- €30.18
- Day range
- 29.76 – €30.21
- 52-week range
- 20.99 – €32.40
- Volume
- 1,316,827
- Market cap
- €84,817M
- P/E (TTM)
- 12.8x
- EPS (TTM)
- €2.34
- EPS est. 2026
- €2.49
- P/E est. 2026
- 12.0x
- Dividend yield
- 5.0%
- Beta
- 0.91
- Payout
- 48%
Analyst summary
Generated with AI · Nov 11, 2026, 14:48ING Groep combines retail and wholesale banking across the Netherlands, Belgium, Germany and other markets. Q2 2026 revenue rose +9.7% year on year, while net income advanced +16.2% and the net margin reached 31.1%. Recent quarterly earnings have generally exceeded estimates, although Q3 2026 EPS missed consensus. Analysts expect further annual EPS growth in 2026 and 2027; the shares trade at 12.8x trailing earnings and offer a 5.0% trailing dividend yield.
- 1Q2 2026 net income increased +16.2% year on year to €1,947M.
- 2The 2027 consensus EPS estimate is €2.999, implying a 10.0x forward P/E.
- 3The trailing dividend yield is 5.0%, against a 3.8% estimated 12-month yield.
ING Group financials
Q2 2026 results, quarter ended Jun 30, 2026
| Metric | Q2 2026 | 1-year change |
|---|---|---|
| Total revenue | €6,256M | +9.7% |
| Net income | €1,947M | +16.2% |
| Earnings per share | €0.68 | +15.1% |
| Net margin | 31.1% | +1.8 pp |
| Free cash flow | n/a | n/a |
| Debt / equity | 3.68 | +8.0% |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q2 2025 | €5,704M | €1,675M |
| Q3 2025 | €5,854M | €1,787M |
| Q4 2025 | €5,798M | €1,411M |
| Q1 2026 | €5,824M | €1,556M |
| Q2 2026 | €6,256M | €1,947M |
ING Group earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 6 | €0.5930.54 – 0.63 | +23.6%€0.480 |
| Next quarterQ1 2027 · Analysts: 3 | €0.6360.54 – 0.69 | +17.8%€0.540 |
| Current year2026 · Analysts: 15 | €2.4942.42 – 2.57 | +17.7%€2.120 |
| Next year2027 · Analysts: 15 | €2.9992.71 – 3.23 | +20.2%€2.494 |
Forward P/E: 12.0x (2026) and 10.0x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q2 2025 | €0.591 | — |
| Q3 2025 | €0.630 | — |
| Q4 2025 | €0.480 | €0.449 |
| Q1 2026 | €0.540 | €0.502 |
| Q2 2026 | €0.680 | €0.647 |
| Q3 2026 | €0.650 | €0.683 |
| Q4 2026 | — | €0.593 |
| Q1 2027 | — | €0.636 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €1.010 | — |
| 2023 | €2.040 | — |
| 2024 | €1.980 | — |
| 2025 | €2.120 | — |
| 2026 | — | €2.494 |
| 2027 | — | €2.999 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €0.636 | +17.8% |
| Q4 2026Estimated | €0.593 | +23.6% |
| Q3 2026 | €0.650est. €0.683 · surprise −4.9% | +3.2% |
| Q2 2026 | €0.680est. €0.647 · surprise +5.2% | +15.1% |
| Q1 2026 | €0.540est. €0.502 · surprise +7.6% | n/a |
| Q4 2025 | €0.480est. €0.449 · surprise +7.0% | n/a |
| Q3 2025 | €0.630 | n/a |
| Q2 2025 | €0.591 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €2.999 | +20.2% |
| 2026Estimated | €2.494 | +17.7% |
| 2025 | €2.120 | +7.1% |
| 2024 | €1.980 | −2.9% |
| 2023 | €2.040 | +102.0% |
| 2022 | €1.010 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
ING Group dividend
Yield and payments
| Dividend yield (TTM) | 5.0% |
| Forward yield (next 12m) | 3.8% |
| Dividend per share (TTM) | €1.49 |
| Forward dividend (next 12m) | €1.14 |
| Payout (TTM) | 48% |
| Last dividend | €0.40Aug 3, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €0.68 |
| 2020 | €0.00 |
| 2021 | €0.60 |
| 2022 | €0.812 |
| 2023 | €0.821 |
| 2024 | €1.11 |
| 2025 | €1.22 |
| est. 12m | €1.14 |
ING Group forecasts
20 analyst ratings
Consensus: Buy · 14 buy, 5 hold, 1 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €42.40 | +41.8% |
| Median | €35.50 | +18.7% |
| Low | €26.00 | −13.1% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €22.35 |
| Dec 31, 2025 | €24.01 |
| Jan 30, 2026 | €24.82 |
| Feb 27, 2026 | €24.63 |
| Mar 31, 2026 | €22.11 |
| Apr 30, 2026 | €24.76 |
| May 29, 2026 | €26.70 |
| Jun 30, 2026 | €27.67 |
| Jul 31, 2026 | €30.44 |
| Aug 31, 2026 | €30.49 |
| Sep 30, 2026 | €31.49 |
| Oct 30, 2026 | €28.26 |
| Nov 11, 2026 | €29.91 |
ING Group peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| INGA.AS | ING Group | 84,817 | 12.8x | 29.91 | +0.37% | 20.9932.40 |
| SAN.MC | Banco Santander | 161,600 | 12.3x | 11.21 | −0.43% | 8.7213.12 |
| BBVA.MC | BBVA | 128,044 | 12.0x | 23.49 | −0.59% | 17.3825.57 |
| ACA.PA | Crédit Agricole | 48,027 | 8.1x | 15.88 | −0.03% | 14.6920.40 |
| SAB.MC | Banco Sabadell | 17,555 | 15.6x | 3.75 | −0.58% | 2.793.80 |
| JPM | JPMorgan Chase | 908,404 | 14.3x | 342.07 $ | 0.00% | 279.10366.50 |
Stocks quoted in another currency are shown in their trading currency.
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 14:48Risks
- A change in interest rates could pressure lending margins and earnings across ING’s retail and wholesale banking operations.
- Deteriorating borrower credit quality could increase loan losses across its consumer, mortgage and business lending portfolios.
- If projected EPS growth fails to materialise, the 12.8x trailing valuation and analyst price targets could come under pressure.
Catalysts
- Delivery of consensus EPS growth of +17.7% in 2026 and +20.2% in 2027 could support earnings expectations.
- Continued expansion of digital banking services could strengthen customer engagement across ING’s European retail markets.
- Growth in working capital, payments and corporate finance services could support wholesale banking revenue across its markets.
Conclusion
ING’s latest reported quarter showed strong year-on-year growth in revenue, profit and EPS, and consensus forecasts further earnings gains through 2027. Its valuation is broadly in line with several large listed European peers, while the dividend remains meaningful but the estimated yield is below the trailing level. The Q3 2026 EPS miss and the broad analyst target range temper the positive consensus, leaving execution and earnings delivery central to the outlook.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:48.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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