JPMorgan raises target for ING Groep stock to EUR 38.30

Published on 10/02/2026 at 14:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached EUR 1.95 billion in the second quarter of 2026. ING Groep stock costs EUR 30.24 on October 2, 2026 versus EUR 30.42.

Isometrisches 3D-Diagramm der Banken-Wertschöpfungskette von Einlagen bis Investitionen — ING Groep N.V. NL0011821202 Wertschöpfungskette als isometrisches 3D-Prozessdiagramm der globalen Bankbranche dargestellt, Illustration mit AI erstellt.

ING Groep (ISIN NL0011821202) was trading at EUR 30.24 at Lang & Schwarz on October 2, 2026 at 1:48 p.m. CEST, down 0.59 percent versus the EUR 30.42 prior close. On October 2, 2026, Aktiencheck reported that JPMorgan raised its ING target from EUR 36.30 to EUR 38.30 and kept an Overweight rating.

JPMorgan lifts the valuation bar

The new target is 26.68 percent above the Lang & Schwarz price, calculated from EUR 38.30 and EUR 30.24. JPMorgan analyst Delphine Lee also raised earnings estimates through 2028 by up to 4 percent, citing higher interest rates, according to Aktiencheck.

The same report said expected total distributions for 2026 reached EUR 6.7 billion, 9 percent above consensus. That gives the analyst call a second angle beyond the target itself: cash returns are part of the valuation case.

Second-quarter profit supports outlook

ING published a second-quarter 2026 net result of EUR 1.95 billion on July 30, 2026, according to its investor overview. The figure was higher than the EUR 1.56 billion net result reported for the first quarter of 2026, a sequential increase of 25.13 percent.

ING also said it repurchased 1,300,000 shares during the week of September 21 through September 25, 2026, as part of its EUR 1.0 billion buyback program, according to the ING investor page. The buyback adds a capital-return component to the earnings and analyst narrative.

Stock remains below its yearly high

The Euronext Amsterdam listing uses ticker INGA and has a 52-week range of EUR 20.23 to EUR 32.40 as of October 2, 2026. At EUR 30.24, the stock stood 6.67 percent below that high, leaving the analyst target above both the current quote and the recent yearly peak.

ING is scheduled to publish its next earnings report on October 29, 2026, according to Investing.com. For investors, the next report will test whether the second-quarter profit level and the higher return targets can support the valuation case.

ING Groep stock and the next report

ING Groep stock was trading at EUR 30.24 at Lang & Schwarz on October 2, 2026 at 1:48 p.m. CEST, down 0.59 percent versus the EUR 30.42 prior close. The further course of trading is shown by the continuously updated real-time quote of ING Groep stock.