ING Groep stock gains 1.42 percent as buyback nears EUR 1 billion

Published on 10/03/2026 at 21:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ING Groep stock closed at EUR 30.69 on October 2, 2026, while JPMorgan raised its target to EUR 38.30. Q2 net income reached EUR 1,947 million.

Modernes Glas-Bankgebäude am Amsterdamer Kanal, ING Groep N.V — ING Groep N.V. Bankzentrale NL0011821202 als modernes Glasgebäude am Amsterdamer Kanal bei bewölktem Himmel, Illustration mit AI erstellt.

ING Groep (NL0011821202) stock gained 1.42 percent to EUR 30.69 on Euronext Amsterdam at the official close on October 2, 2026, leaving the price 5.28 percent below the 52-week high of EUR 32.40. JPMorgan raised its price target from EUR 36.30 to EUR 38.30 while keeping an Overweight rating, according to Markets Insider on October 2, 2026.

Buyback reaches EUR 820.5 million

The latest capital-return update gives the stock move a concrete corporate backdrop. ING said on September 29, 2026, that it repurchased 1,300,000 shares during the week of September 21 through September 25 at an average price of EUR 31.93.

Cumulative purchases reached 28,960,805 shares for EUR 820,511,910.49, representing 82.05 percent of the EUR 1.0 billion program. The buyback is designed to reduce ING's share capital, making the pace of completion a measurable factor for future per-share results.

Q2 profit sets the next benchmark

ING's latest reported quarter provides the operating reference point. Its investor overview states that the bank published a Q2 2026 net result of EUR 1,947 million on July 30, 2026, with the result reflecting accelerated growth in its customer base and customer balances, according to ING.

The earnings calendar adds a firm checkpoint: ING is scheduled to release Q3 2026 results on October 29, 2026, according to Marketscreener. That date gives investors a defined test for whether the bank can sustain the earnings momentum reflected in the latest target revisions.

Stock stays below yearly high

At EUR 30.69, ING Groep stock stood EUR 1.71 below its 52-week high of EUR 32.40 and above its 52-week low of EUR 20.23 at the October 2 close. The same Amsterdam snapshot showed a daily range of EUR 29.98 to EUR 30.81, volume of 7.75 million shares and market capitalization of EUR 87.29 billion.

JPMorgan's new EUR 38.30 target is EUR 7.61 above the October 2 closing price, while the buyback has already used 82.05 percent of its authorized value. Those two figures frame the near-term debate around ING Groep stock: continued capital returns on one side and the Q3 earnings test on the other.