ING Groep stock reports buyback progress as 82.05 percent is complete

Published on 10/07/2026 at 14:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ING Groep stock posted EUR 31.35 in Amsterdam on October 6, 2026, while second-quarter net income reached EUR 1.947 billion. JPMorgan raised its target to EUR 38.30.

Futuristischer 3D-Render eines modernen Bank-Hochhauses bei Abenddämmerung mit Wasserplatz — ING Groep N.V. NL0011821202 als futuristischer Architektur-Render eines modernen Bankhaus-Hochhauses bei Abenddämmerung, Illustration mit AI erstellt.

ING Groep stock was trading at EUR 31.35 in Amsterdam on October 6, 2026, while the bank reported that 82.05 percent of its EUR 1.0 billion share buyback program was complete. The update gives investors two measurable signals: capital is returning to shareholders, while the stock remains below the latest major-bank targets.

Buyback reaches EUR 820.6 million

According to ING on October 6, 2026, the bank repurchased 1,450,000 shares during the week of September 28 through October 2. Cumulative purchases reached 30,410,805 shares at an average price of EUR 28.46, for total consideration of EUR 865,577,890.49.

The program was announced with a maximum value of EUR 1.0 billion. Its stated purpose is to reduce ING's share capital, so the key investor question is not only the weekly volume but also how much of the authorization remains for future purchases.

Second-quarter profit sets the base

ING's second-quarter 2026 net income was EUR 1.947 billion, compared with EUR 1.556 billion in the first quarter, while diluted EPS was EUR 0.68 versus EUR 0.54. The figures point to a EUR 391 million quarter-over-quarter increase in net income and a EUR 0.14 increase in diluted EPS.

The reported quarter also gives the buyback a valuation context. At EUR 31.35 on October 6, 2026, the stock was EUR 6.95 below JPMorgan's new EUR 38.30 target, a gap of 18.1 percent. According to Markets Insider on October 2, 2026, JPMorgan raised the target from EUR 36.30 and kept an Overweight rating.

Consensus stays above the market

According to Stock Analysis, 20 analysts gave ING a consensus Buy rating, with an average target of EUR 32.84, a low of EUR 24.99 and a high of EUR 40.00. The average target stood 4.47 percent above the EUR 31.44 quote shown on that page for October 6, 2026.

The next scheduled checkpoint is the third-quarter 2026 earnings release on October 29, 2026, according to Marketscreener. For investors, the combination of buyback execution, quarterly earnings and the distance to analyst targets makes the October results the next concrete test for the current valuation.

ING Groep stock trades at EUR 31.35

ING Groep stock was last at EUR 31.35 on Euronext Amsterdam on October 6, 2026. The buyback program, EUR 1.947 billion in second-quarter net income and the EUR 38.30 JPMorgan target define the main reference points ahead of the next results.