ING Groep stock gets a buyback update with 82.05 percent complete

Published on 10/05/2026 at 18:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ING Groep stock gets a EUR 41.5 million buyback update dated September 29, 2026. Q2 net profit reached EUR 1.947 billion, while JPMorgan set a EUR 38.30 target.

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ING Groep stock (ISIN NL0011821202) is backed by a EUR 41.5 million share repurchase disclosed on September 29, 2026, with 1,300,000 shares bought during the week ended September 25. ING said the purchases form part of its EUR 1.0 billion program and lifted cumulative repurchases to 28,960,805 shares.

Buyback reaches 82.05 percent

The September 29 release puts the program at 82.05 percent of its maximum value, with EUR 820.5 million spent at an average purchase price of EUR 28.33. The latest weekly purchases carried an average price of EUR 31.93, making the capital-return program a direct support for per-share value.

ING's repurchase pace also gives the upcoming earnings release a clear capital-allocation angle. The company has committed the program to reducing share capital, while its banking results determine how much capital can be generated for further distributions.

Q2 profit supports higher targets

ING reported EUR 1.947 billion in second-quarter 2026 net profit and diluted EPS of EUR 0.68 for the period ended June 30, 2026. The profit figure rose from EUR 1.556 billion in the first quarter, while the net margin increased from 27 percent to 31 percent in the standardized quarterly figures.

On the earnings call dated July 30, 2026, Yahoo Finance reported that ING lifted its 2026 commercial net interest income outlook to EUR 16.8 billion-EUR 17.0 billion. Management also expects more than EUR 24.5 billion of total income and fee income of EUR 5.0 billion in 2026.

JPMorgan lifts target to EUR 38.30

As Markets Insider reported on October 2, 2026, JPMorgan raised its ING price target to EUR 38.30 from EUR 36.30 and retained an Overweight rating. The bank also placed the shares on Positive Catalyst Watch and increased its earnings estimates through 2028 by up to 4 percent.

A separate MarketScreener overview showed an Outperform consensus from 20 analysts, with an average target price of EUR 32.64. The same page lists October 28, 2026, for ING's Q3 earnings release.

Capital returns meet earnings growth

ING combines a large completed buyback with rising quarterly profit and upgraded income guidance. For investors, the key test is whether the October results convert the bank's EUR 16.8 billion-EUR 17.0 billion commercial net interest income outlook into another increase in distributable capital.