ING Stock Analysis: ING | NYSE

Banks - Diversified | NYSE, USA | Market Cap: 92.937m USD | 12M Return: 50.2% | Charts, Fundamentals & Technical Analysis

Mortgages, Corporate Finance, Insurance, Investments
Total Rating 40
Safety 43
Buy Signal 0.14
Banks - Diversified
Industry Rotation: -3.7
Market Cap: 92.9B
Avg Turnover: 112M
Risk 3d forecast
Volatility25.4%
VaR 5th Pctl4.41%
VaR vs Median5.32%
Reward TTM
Sharpe Ratio1.51
Rel. Str. IBD79
Rel. Str. Peer Group52.5
Character TTM
Beta0.798
Beta Downside0.518
Hurst Exponent0.453
Drawdowns 3y
Max DD19.87%
CAGR/Max DD2.00
CAGR/Mean DD7.61
EPS (Earnings per Share) EPS (Earnings per Share) of ING over the last years for every Quarter: "2021-06": 0.4351, "2021-09": 0.4041, "2021-12": 0.2854, "2022-03": 0.12, "2022-06": 0.33, "2022-09": 0.25, "2022-12": 0.33, "2023-03": 0.48, "2023-06": 1.14, "2023-09": 0.5901, "2023-12": 0.4873, "2024-03": 0.48, "2024-06": 0.5828, "2024-09": 0.31, "2024-12": 0.3933, "2025-03": 0.53, "2025-06": 0.64, "2025-09": 0.7, "2025-12": 0.57, "2026-03": 0.63,
EPS CAGR: -3.27%
EPS Trend: -18.9%
Last SUE: 0.66
Qual. Beats: 0
Revenue Revenue of ING over the last years for every Quarter: 2021-06: 8365, 2021-09: 4648, 2021-12: 4624, 2022-03: 4599, 2022-06: 9741, 2022-09: 4412, 2022-12: 4868, 2023-03: 5567, 2023-06: 23042, 2023-09: 5842, 2023-12: 5409, 2024-03: 27867, 2024-06: 5716, 2024-09: 5910, 2024-12: 5407, 2025-03: 5636, 2025-06: 24257, 2025-09: 5854, 2025-12: 5798, 2026-03: 5824,
Rev. CAGR: -3.19%
Rev. Trend: -13.0%
Last SUE: 0.00
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan +0.0% 2
Feb -4.6% 28
Mar -5.5% 15
Apr +2.3% 37
May +2.6% 40
Jun -1.6% 27
Jul +2.5% 22
Aug -4.2% 7
Sep -0.1% 5
Oct -2.9% 21
Nov -1.3% 8
Dec -0.5% 2

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: ING ING

ING Groep N.V. is a Dutch-based diversified bank that operates across five business segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company generates revenue through deposit-taking (current, savings, and time accounts), consumer and SME lending including residential mortgages, and corporate banking services such as working capital solutions, payments, cash management, trade finance, and treasury services. It also offers investment, insurance, and digital banking products, serving individual customers, corporate clients, and financial institutions across Europe and internationally.

As a GICS-classified Diversified Bank within the Financials sector, ING follows a universal banking model that combines retail and wholesale operations under a single entity. The company is one of the longest-established financial institutions in Europe, having been founded in 1762, and has been listed on the NYSE under ticker ING since 1996. Headquartered in Amsterdam, ING operates primarily in the Benelux and German retail markets while maintaining an international wholesale banking franchise.

Headlines to Watch Out For
  • Net interest income driven by ECB rate trajectory
  • Retail mortgage lending grows across Benelux and Germany
  • Capital return accelerates with expanded share buyback program
Piotroski VR-10 (Strict) 3.0
Net Income: 6.43b TTM > 0 and > 6% of Revenue
FCF/TA: -0.01 > 0.02 and ΔFCF/TA 1.53 > 1.0
NWC/Revenue: -1.67k% < 20% (prev -3.09k%; Δ 1.43k% < -1%)
CFO/TA -0.01 > 3% & CFO -6.38b > Net Income 6.43b
Net Debt (-5.83b) to EBITDA (9.95b): -0.59 < 3
Current Ratio: 0.21 > 1.5 & < 3
Outstanding Shares: last quarter (2.89b) vs 12m ago -6.64% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 3.77% > 50% (prev 2.10%; Δ 1.66% > 0%)
Interest Coverage Ratio: 0.26 > 6 (EBIT TTM 9.28b / Interest Expense TTM 36.4b)
Altman Z'' -3.80
A: -0.61 (Total Current Assets 190b - Total Current Liabilities 885b) / Total Assets 1138b
B: 0.03 (Retained Earnings 35.6b / Total Assets 1138b)
C: 0.01 (EBIT TTM 9.28b / Avg Total Assets 1108b)
D: 0.05 (Book Value of Equity 50.9b / Total Liabilities 1085b)
Altman-Z'' = -3.80 = D
What is the price of ING shares?

As of July 19, 2026, the stock is trading at USD 32.33 with a total of 1,654,804 shares traded. Over the past week, the price has changed by -0.19%, over one month by +3.49%, over three months by +12.02% and over the past year by +50.20%.

Current recommended Stop Loss: 30.80 (which is 4.7% or 2.5 ATR below the current price).

Is ING a buy, sell or hold?

ING has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold ING.

  • StrongBuy: 0
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ING price?
Analysts Target Price 32 -1.1%
ING (ING) - Fundamental Data Overview as of 11 July 2026
Market Cap USD = 92.9b (92.9b USD * 1.0 USD.USD)
Market Cap EUR = 81.2b (92.9b USD * 0.8735 USD.EUR)
P/E Trailing = 13.0522
P/E Forward = 11.6414
P/S = 3.7758
P/B = 1.5771
P/EG = 2.1166
Revenue TTM = 41.7b EUR
EBIT TTM = 9.28b EUR
EBITDA TTM = 9.95b EUR
Long Term Debt = 183b EUR (from longTermDebt, last quarter)
 Short Term Debt = unknown (none)
 Debt = 184b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.05b
Net Debt = -5.83b EUR (calculated: Debt 184b - CCE 190b)
Enterprise Value = 75.3b EUR (81.2b + Debt 184b - CCE 190b)
Interest Coverage Ratio = 0.26 (Ebit TTM 9.28b / Interest Expense TTM 36.4b)
EV/FCF = -11.19x (Enterprise Value 75.3b / FCF TTM -6.73b)
FCF Yield = -8.93% (FCF TTM -6.73b / Enterprise Value 75.3b)
FCF Margin = -16.13% (FCF TTM -6.73b / Revenue TTM 41.7b)
Net Margin = 15.41% (Net Income TTM 6.43b / Revenue TTM 41.7b)
 Gross Margin = unknown ((Revenue TTM 41.7b - Cost of Revenue TTM 1.34b) / Revenue TTM)
 Tobins Q-Ratio = 0.07 (Enterprise Value 75.3b / Total Assets 1138b)
Interest Expense / Debt = 19.77% (Interest Expense 36.4b / Debt 184b)
Taxrate = 27.95% (2.59b / 9.28b)
NOPAT = 6.69b (EBIT 9.28b * (1 - 27.95%))
Current Ratio = 0.21 (Total Current Assets 190b / Total Current Liabilities 885b)
Debt / Equity = 3.62 (Debt 184b / totalStockholderEquity, last quarter 50.9b)
Debt / EBITDA = -0.59 (Net Debt -5.83b / EBITDA 9.95b)
 Debt / FCF = 0.87 (negative FCF - burning cash) (Net Debt -5.83b / FCF TTM -6.73b)
 Total Stockholder Equity = 49.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.58% (Net Income 6.43b / Total Assets 1138b)
RoE = 12.91% (Net Income TTM 6.43b / Total Stockholder Equity 49.8b)
RoCE = 3.99% (EBIT 9.28b / Capital Employed (Equity 49.8b + L.T.Debt 183b))
RoIC = 2.67% (NOPAT 6.69b / Invested Capital 250b)
WACC = 12.58% (E(81.2b)/V(265b) * Re(8.79%) + D(184b)/V(265b) * Rd(19.77%) * (1-Tc(0.28)))
Discount Rate = 8.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.67 | Cagr: -6.27%
 [DCF] Fair Price = unknown (Cash Flow -6.73b)
 EPS Correlation: -18.94 | EPS CAGR: -3.27% | SUE: 0.66 | # QB: 0
Revenue Correlation: -12.98 | Revenue CAGR: -3.19% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.69 | Chg30d=-2.52% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.70 | Chg30d=-2.52% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.76 | Chg30d=-0.61% | Revisions=-17% | GrowthEPS=+9.0% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=3.13 | Chg30d=-0.06% | Revisions=-17% | GrowthEPS=+13.6% | GrowthRev=+7.5%
[Analyst] Revisions Ratio: -36% (up=2, down=6)