ING Groep repurchases shares. JPMorgan raises target for ING Groep stock to EUR 38.30

Published on 10/07/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net profit was EUR 1.95 billion, down 21.00 percent year over year. ING Groep stock costs EUR 30.84 on October 7, 2026 versus EUR 31.04.

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ING Groep (ISIN NL0011821202) was trading at EUR 30.84 at Lang & Schwarz on October 7, 2026 at 9:19 a.m. CEST, versus the Euronext Amsterdam close of EUR 31.04 on October 6, 2026. The bank repurchased 1.45 million shares during the week ending October 2, while JPMorgan raised its price target from EUR 36.30 to EUR 38.30 and kept an Overweight rating, according to Markets Insider on October 2, 2026.

Buyback reaches 86.56 percent

According to GlobeNewswire on October 6, 2026, ING repurchased the shares at an average price of EUR 31.08 for a total consideration of EUR 45.07 million. The broader EUR 1.00 billion program had repurchased 30,410,805 shares at an average price of EUR 28.46, with EUR 865.58 million spent.

The completion rate of 86.56 percent gives the capital-return program a defined remaining scale. The current Lang & Schwarz price is 0.77 percent below the average price paid for the latest weekly purchases, using the same euro basis.

Second-quarter profit fell 21.00 percent

ING reported net income of EUR 1.95 billion in the second quarter of 2026, down 21.00 percent from the second quarter of 2025, while earnings per share declined to EUR 0.68 from EUR 0.82, according to Simply Wall St. The reported profit and per-share comparison show why the upcoming results matter alongside the buyback: capital returns are progressing even as the latest quarterly earnings base was lower year over year.

The same source lists October 29, 2026 as the next earnings date. JPMorgan's EUR 38.30 target lies 24.19 percent above the EUR 30.84 Lang & Schwarz price, based on the target-to-price comparison.

Target stands above current price

JPMorgan's target increase puts the bank's valuation view above the latest German-market euro indication, while the Overweight rating keeps the analyst case tied to the next earnings update. The contrast is clear: the buyback has reached 86.56 percent of its maximum value, but second-quarter net income was EUR 1.95 billion, down 21.00 percent year over year.

ING Groep stock price reference

ING Groep was trading at EUR 30.84 at Lang & Schwarz on October 7, 2026 at 9:19 a.m. CEST. The price was minus 0.64 percent versus the Euronext Amsterdam close of EUR 31.04 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of ING Groep stock.