JPMorgan raises target for ING Groep stock to EUR 38.30

Published on 10/06/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan sees EUR 6.7 billion in 2026 payouts. ING Groep stock was EUR 31.59 on October 6, 2026, plus 1.74 percent versus EUR 31.05.

Bauhaus-Poster mit großem BANK-Schriftzug in Marineblau, Gold und Weiß, geometrische Formen — ING Groep N.V. NL0011821202 als geometrisches Bauhaus-Poster mit zentralem Sektor-Text BANK in Marineblau, Illustration mit AI erstellt.

ING Groep (ISIN NL0011821202) was trading at EUR 31.59 at Lang & Schwarz on October 6, 2026 at 11:16 a.m. CEST, up 1.74 percent from the prior close of EUR 31.05. On October 2, 2026, JPMorgan raised its price target for ING from EUR 36.30 to EUR 38.30 and kept an Overweight rating, according to Markets Insider.

JPMorgan sees higher distributions

JPMorgan also placed ING on Positive Catalyst Watch and expects another strong quarter, while its updated estimates reflect higher interest-rate assumptions, Markets Insider reported on October 2, 2026. The target of EUR 38.30 stands 21.24 percent above the Lang & Schwarz price of EUR 31.59, a gap that gives the analyst action more weight than the relatively modest daily move.

Separate coverage reported that JPMorgan sees total distributions of EUR 6.7 billion for 2026, which is 9.00 percent above consensus. That figure includes the effect of higher earnings expectations through 2028, according to Finanzen.net.

Second-quarter profit sets the base

ING reported net income of EUR 1.947 billion for the second quarter of 2026. Its diluted earnings per share were EUR 0.68, down from EUR 0.82 in the second quarter of 2025, while revenue fell 7.20 percent to EUR 6.01 billion, according to Simply Wall St. The combination of lower revenue and a 32.00 percent profit margin puts the focus on whether higher rates can offset pressure on the top line.

Results date adds a near-term marker

Simply Wall St lists October 29, 2026 as ING's next earnings date. The second-quarter report was published on July 30, 2026, and ING's investor page identifies the company as a publicly listed banking group with operations across several European markets, according to ING.

Price remains below the new target

At EUR 31.59, ING Groep stock was 17.54 percent below JPMorgan's EUR 38.30 target on October 6, 2026. The Lang & Schwarz quote was intraday at 11:16 a.m. CEST, with the EUR 31.05 prior close providing the reference for the daily change.

The further course of trading is shown by the continuously updated real-time quote of ING Groep stock.