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ING Group, N.V. (ING) Stock

ING Group, N.V. Stock Details, Movements and Public Alerts

ING Group (ING): Europe's Digital Banking Leader With $6.3 Billion in Annual Profit and 40+ Million Customers

ING Group is one of Europe's largest banks, operating across retail and wholesale banking in over 40 countries. CEO Steven van Rijswijk has focused the strategy on digital-first retail banking, fee income growth, and capital-efficient wholesale lending. Full-year 2025 net profit reached EUR 6.3 billion, with total income at EUR 23 billion and fee income growing 15% to EUR 4.6 billion. The bank returned EUR 6.3 billion to shareholders through dividends and buybacks. ING's mobile-first model attracts customers in Germany, Spain, Poland, and the Netherlands with lower cost-to-serve than traditional branch networks. Wholesale banking grew lending volumes by EUR 18.3 billion, supported by demand in corporate lending and Global Capital Markets. Sustainability-linked volume mobilized reached EUR 166 billion, up 28% year-over-year. ING guides for total income of EUR 24 billion in 2026 and above EUR 25 billion in 2027.

52-Week Range

$31.18 - $16.47

-18.15% from high · +54.95% from low

Avg Daily Volume

3,206,969

20-day average

100-day avg: 2,290,890

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

10.42

Below market average

Forward P/E

8.51

Earnings expected to grow

Price to Book

1.19

EPS (TTM)

$2.45

Price to Sales

3.02

Beta

0.85

Less volatile than market

Q:How is ING valued relative to its earnings and growth?
ING Group, N.V. trades at a P/E ratio of 10.42, which is below the market average of approximately 20. This lower valuation could indicate the market has modest growth expectations, or it might represent an undervalued opportunity if the fundamentals are strong. Looking ahead, the forward P/E of 8.51 is lower than the current P/E, indicating analysts expect earnings to grow over the next year.
Q:What is ING's risk profile compared to the market?
With a beta of 0.85, ING Group, N.V. is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.19 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

34.03%

Operating Margin

62.82%

Return on Equity

15.77%

Return on Assets

0.83%

Revenue Growth (YoY)

118.20%

Earnings Growth (YoY)

3977.70%

Q:How profitable and efficient is ING's business model?
ING Group, N.V. achieves a profit margin of 34.03%, meaning it retains $34.03 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 62.82% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 15.77% and ROA at 0.83%, the company generates strong returns on invested capital.
Q:What are ING's recent growth trends?
ING Group, N.V.'s revenue grew by 118.20% year-over-year, representing robust expansion that significantly outpaces typical market growth rates. This strong top-line performance suggests the company is successfully capturing market share or benefiting from favorable industry trends. Earnings increased by 3977.70% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against Banks - Diversified industry averages for proper context.

Dividend Information

Dividend Per Share

$1.28

Dividend Yield

5.03%

Ex-Dividend Date

Apr 17, 2026

Dividend Date

May 1, 2026

Q:What dividend income can investors expect from ING?
ING Group, N.V. offers a dividend yield of 5.03%, paying $1.28 per share annually. This high yield exceeds 4%, significantly outperforming the S&P 500 average of 1.5-2% and most investment-grade bonds. For income-focused investors, this represents an attractive cash flow opportunity, though high yields sometimes signal market concerns about sustainability. To receive the next dividend, shares must be purchased before the ex-dividend date of Apr 17, 2026.
Q:How reliable is ING's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - ING Group, N.V. pays $1.28 per share in dividends against earnings of $2.45 per share, resulting in a payout ratio of 52.24%. This balanced payout between 30-60% suggests a sustainable dividend policy that allows both shareholder returns and business reinvestment. The dividend appears well-covered by earnings. The next dividend payment is scheduled for May 1, 2026.

Company Size & Market

Market Cap

$73.8B

Revenue (TTM)

$24.46B

Revenue/Share (TTM)

$8.18

Shares Outstanding

2.89B

Book Value/Share

$21.36

Asset Type

EQUITY

Q:What is ING's market capitalization and position?
ING Group, N.V. has a market capitalization of $73.8B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 2.89B shares outstanding, the company's ownership is widely distributed. As a participant in the Banks - Diversified industry, it competes with other firms in this sector.
Q:How does ING's price compare to its book value?
ING Group, N.V.'s book value per share is $21.36, while the current stock price is $25.52, resulting in a price-to-book (P/B) ratio of 1.19. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As EQUITY, this represents a specific type of security.

Analyst Ratings

Analyst Target Price

$28.95

13.44% upside potential

Analyst Recommendations

Strong Buy

0

Buy

0

Hold

2

Sell

0

Strong Sell

0

Q:How reliable are analyst predictions for ING?
2 analysts cover ING with 0% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The bearish sentiment could create opportunity if analysts are wrong. The consensus target of $28.95 implies 13.4% upside, but targets are often adjusted to follow price moves rather than predict them.
Q:What is the Wall Street consensus on ING?
Current analyst recommendations:002 Hold, 00The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Mar 16, 2026, 02:06 AM

Technical Indicators

RSI (14-day)

31.86

Neutral

50-Day Moving Average

$28.74

-11.20% below MA-50

200-Day Moving Average

$25.21

1.23% above MA-200

MACD Line

-0.79

MACD Signal

-0.53

MACD Histogram

-0.26

Bearish

Q:What does ING's RSI value tell investors?
The RSI (Relative Strength Index) for ING is currently 31.86, indicating the stock is showing bearish momentum (30-40 range). Selling pressure is evident but not extreme. This often occurs during pullbacks in uptrends or early stages of downtrends. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
Q:How should traders interpret ING's MACD and moving average crossovers?
MACD analysis shows the MACD line at -0.79 below the signal line at -0.53, with histogram at -0.26. This bearish crossover indicates downward pressure. The 50-day MA ($28.74) is above the 200-day MA ($25.21), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently between the MAs, suggesting transition.

Indicators last updated: Mar 16, 2026, 12:56 AM

Active Alerts

Alert Condition
Price falls below
Threshold
$23.00
Created
Sep 16, 2025, 01:11 PM

ING Group (ING) Stock Analysis 2025: Complete Investment Guide

A Digital-First European Bank

ING Group operates as a retail and wholesale bank across more than 40 countries, with its strongest presence in the Netherlands, Belgium, Germany, Spain, Poland, and Australia. CEO Steven van Rijswijk has built the strategy around digital-first retail banking: ING's mobile app serves as the primary customer interface, reducing branch costs and enabling the bank to offer competitive savings rates and fee structures that attract deposits.

The model works because ING's cost-to-serve per customer is lower than traditional branch-based banks. In Germany, ING is the largest direct bank with millions of customers who never visit a physical branch. The same playbook applies in Spain, Poland, and Italy, where ING gains market share by offering a better digital experience and higher savings rates than local incumbents. This low-cost distribution allows ING to grow its customer base while maintaining healthy margins.

Fee Income as the Growth Engine

Fee income grew 15% in 2025 to EUR 4.6 billion, reflecting ING's deliberate shift toward non-interest revenue. In retail, fee income comes from investment products, insurance distribution, payments, and daily banking packages. In wholesale, it comes from advisory fees, transaction banking, and capital markets activity. The company expects fee income to grow 5-10% annually and surpass EUR 5 billion by 2027.

This diversification matters because net interest income depends on interest rate levels set by the European Central Bank. As rates normalize, banks that rely solely on lending spreads face income pressure. ING's fee income strategy provides a buffer: even if NII declines as rates fall, growing fee revenue can offset the impact and stabilize total income.

Financial Performance

  • •FY2025 Net Profit: EUR 6,327 million; return on equity 13.2%
  • •Total Income: EUR 23.0 billion; commercial NII EUR 14.7 billion; fee income EUR 4.6 billion (15% YoY)
  • •Shareholder Returns: EUR 3,191 million in dividends + EUR 3,100 million in share buybacks
  • •CET1 Ratio: 13.1%, well above regulatory minimums
  • •Wholesale Banking: Lending volumes grew EUR 18.3 billion; fee income up 9%
  • •Sustainability: EUR 166 billion in sustainable volume mobilized (28% YoY growth)

Growth Catalysts

  • •Fee Income Expansion: Targeting EUR 5B+ by 2027; investment products, insurance, and payments growing faster than lending
  • •Mobile Customer Growth: 174,000 new mobile primary customers in Q1 2025 alone; Germany, Spain, and Poland driving acquisition with low-cost digital banking
  • •Capital Returns: EUR 6.3B returned in 2025; 50% payout ratio ensures consistent dividend growth; ongoing buybacks reduce share count
  • •Wholesale Banking Demand: Corporate lending and Working Capital Solutions benefiting from European industrial investment and trade finance
  • •Sustainability Finance: EUR 166B mobilized in 2025; growing corporate demand for green loans, sustainability-linked bonds, and transition financing

Risks and Challenges

  • •Interest Rate Sensitivity: ECB rate cuts compress net interest margins; NII accounts for roughly two-thirds of total income and will face headwinds if rates fall significantly
  • •European Economic Weakness: Sluggish GDP growth in the eurozone limits loan demand and increases credit risk; Germany's industrial slowdown is particularly relevant given ING's large exposure
  • •Regulatory Burden: European banking regulation imposes capital requirements, stress tests, and compliance costs that limit profitability compared to U.S. peers
  • •Competition from Neobanks: N26, Revolut, and other digital challengers compete for the same cost-conscious customers ING targets in retail markets
  • •Geopolitical Risk: Exposure to Central and Eastern European markets creates risk from regional instability

Competitive Landscape

ING competes with national champions in each market: ABN AMRO and Rabobank in the Netherlands, Deutsche Bank and Commerzbank in Germany, BBVA and Santander in Spain. In wholesale banking, ING faces BNP Paribas, Deutsche Bank, and Societe Generale. ING's advantage in retail is the digital model: lower cost-to-serve enables competitive pricing that attracts deposits, which fund wholesale lending at attractive margins.

Neobanks like N26 and Revolut compete on user experience and fees but lack ING's lending scale, wholesale banking revenues, and deposit insurance credibility. ING's integrated model combining retail deposits with wholesale lending creates a funding advantage that pure digital challengers cannot replicate without banking licenses and balance sheet depth.

Who Is This Stock Suitable For?

Perfect For

  • ✓Income investors seeking a European bank with 50% payout ratio, consistent dividends, and active buyback programs
  • ✓Those who want exposure to Europe's digital banking transformation through an established, profitable institution
  • ✓Investors seeking fee income diversification beyond pure net interest income in the banking sector
  • ✓Long-term holders who believe ING's low-cost digital model will gain market share across European retail markets

Less Suitable For

  • ✗Growth investors seeking high revenue growth (ING grows income in single digits)
  • ✗Those uncomfortable with European economic and regulatory risks
  • ✗Investors who believe ECB rate cuts will significantly compress banking profitability
  • ✗Risk-averse investors concerned about cyclical credit risk in European corporate lending

Investment Thesis

ING Group combines the scale of a traditional European bank with the cost structure of a digital lender. The EUR 6.3 billion net profit and 13.2% return on equity in 2025 demonstrate that the digital-first strategy works. Fee income growing at 15% provides insulation against interest rate declines, and the EUR 6.3 billion returned to shareholders through dividends and buybacks shows commitment to capital discipline.

The key question is whether ING can maintain profitability as European interest rates decline. Management's guidance for EUR 24-25 billion in total income through 2027 suggests confidence, driven by fee income growth and customer acquisition. For income-focused investors, ING offers a well-capitalized European bank trading at modest valuations with a reliable dividend and ongoing buyback support. The risk is a European recession that increases loan losses and compresses margins simultaneously.

Conclusion

ING offers reliable income through dividends and buybacks backed by EUR 6.3 billion in annual profit. The digital banking model provides structural cost advantages, and fee income diversification reduces interest rate dependence. The stock suits income investors seeking European banking exposure at reasonable valuations with consistent capital returns.
Bull Case
$22 (35% upside) - Fee income reaches EUR 5.5B by 2027, NII holds steady, buybacks accelerate, ROE expands above 14%
Base Case
$17 (5% upside) - Income grows to EUR 24B in 2026, dividends and buybacks continue at current pace, NII faces moderate headwinds
Bear Case
$11 (30% downside) - ECB cuts rates aggressively, European recession increases loan losses, NII declines faster than fee income grows

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