Keefe Bruyette upgrades ING Groep. ING Groep stock slips 1.05 percent

Published on 10/19/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The latest target was EUR 37.50 on October 16, 2026. ING Groep stock costs EUR 29.77, 1.05 percent below its Xetra close of October 16, 2026.

Buyback and reporting calendar

ING repurchased 2,300,000 shares for EUR 69.24 million during the week ending October 9, 2026.
The bank had completed 93.48 percent of its EUR 1.0 billion buyback by October 13, 2026.
ING Groep stock trades at EUR 29.77 at 9:19 a.m. CEST at Lang & Schwarz on October 19, 2026, 1.05 percent below the Xetra close of October 16, 2026.
The next estimated third-quarter reporting date is October 29, 2026.

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 (ISIN NL0011821202) stock was trading at EUR 29.77 at Lang & Schwarz on October 19, 2026 at 9:19 a.m. CEST, 1.05 percent below the Xetra close of October 16, 2026. Keefe Bruyette upgraded ING Groep from Market Perform to Outperform and set a EUR 37.50 price target on October 16, 2026, according to Markets Insider.

Buyback reaches 93.48 percent

ING repurchased 2,300,000 shares for EUR 69.24 million during the week of October 5 through October 9, 2026. The official investor update said the program had reached 93.48 percent of its EUR 1.0 billion maximum by October 13, 2026, with 32,710,805 shares repurchased at an average price of EUR 28.58.

The buyback gives the latest market story a capital-allocation angle. It also provides a concrete counterweight to the share price, which was 8.64 percent below its 52-week high of EUR 32.38 in the October 16 market snapshot.

What does the target imply?

The EUR 37.50 target lies 25.96 percent above the Lang & Schwarz price of EUR 29.77. The upgrade therefore sets a wide valuation gap, while the stock remains below the EUR 30.09 Xetra reference close used for Germany-focused investors.

Three dated ING developments

On October 2, 2026, JPMorgan raised its target to EUR 38.30 from EUR 36.30 and kept an Overweight rating, as reported by Markets Insider. On October 13, 2026, ING reported 2,300,000 repurchased shares and EUR 69.24 million in consideration through its investor relations information. On October 16, 2026, Keefe Bruyette upgraded the stock and set the EUR 37.50 target, according to Markets Insider.

Next results date is October 29

MarketBeat estimates that ING will report third-quarter 2026 earnings on October 29, 2026, before the market opens. Its estimate puts quarterly revenue at USD 7.06 billion and earnings per share at USD 0.79, versus USD 6.92 billion and USD 0.70 in the year-earlier quarter.

Stock stays below the Xetra close

For investors, the immediate balance is clear: the buyback was 93.48 percent complete, while the latest analyst target implied 25.96 percent upside from the Lang & Schwarz quote. ING Groep had a market capitalization of EUR 85.4 billion on October 16, 2026.

ING Groep was trading at EUR 29.77 at Lang & Schwarz on October 19, 2026 at 9:19 a.m. CEST, 1.05 percent below the Xetra close of October 16, 2026 at EUR 30.09. The further course of trading is shown by the continuously updated real-time quote of ING Groep stock.