ING GROEP (INGA) AI Stock Analysis

• Market Cap: €70.02B
• Dividend Yield: 5.1%
• Average Volume (3M): 7.88M
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.97
• Revenue Growth: 0.12%
• EPS Growth: -2.71%
• Country: NL
• Employees: 60,000
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Diversified
• EPS (TTM): 0.48
• Shares Outstanding: 2,920,349,400
• 10 Day Avg. Volume: 7,561,458
• 30 Day Avg. Volume: 7,883,815
• PEG Ratio: 1.72
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 3.11
• P/FCF Ratio: -375.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €28.60
• Price Target Upside: 14.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 2.35
• Revenue Forecast (FY): €24.03B

• Rating: 60 Neutral
• Price Target: €23.00 ▼(-8.07% Downside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is primarily driven by financial performance: strong profitability is offset by high leverage and highly volatile cash flow and revenue. Valuation is supportive with a low P/E and high dividend yield, while technical indicators are largely neutral and do not meaningfully add momentum support.

Positive Factors

Healthy returns on equity

Sustained low-to-mid-teens ROE indicates durable core profitability and quality of earnings. Over a 2–6 month horizon this supports internal capital formation, the capacity to absorb cyclical losses and maintain shareholder distributions, underpinning long-term franchise value.

Negative Factors

Elevated leverage

Consistently high bank leverage increases sensitivity to funding-cost moves and credit cycles. Elevated debt-to-equity constrains balance-sheet flexibility, raises regulatory and capital risk during stress, and can force more conservative growth or capital actions over the medium term.

ING GROEP Business Overview & Revenue Model

Company Description

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherland...

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ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherland...

How the Company Makes Money

ING primarily makes money through its banking activities by earning (1) net interest income and (2) fee and commission income, supplemented by other income sources typical for a universal bank. 1) Net interest income (core driver): ING takes depo...

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ING primarily makes money through its banking activities by earning (1) net interest income and (2) fee and commission income, supplemented by other income sources typical for a universal bank. 1) Net interest income (core driver): ING takes depo...

ING GROEP Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	41.21B	23.04B	22.62B	17.63B	33.61B	25.78B
Gross Profit	39.96B	21.73B	20.05B	17.63B	17.06B	19.51B
EBITDA	8.93B	9.15B	9.97B	11.17B	6.21B	7.84B
Net Income	6.17B	6.33B	6.39B	7.29B	3.67B	4.78B
Balance Sheet
Total Assets	1.09T	1.05T	1.02T	975.58B	967.82B	951.29B
Cash, Cash Equivalents and Short-Term Investments	123.94B	106.31B	115.13B	130.06B	118.60B	137.80B
Total Debt	167.58B	244.67B	227.63B	173.26B	119.50B	116.01B
Total Liabilities	1.04T	1.00T	969.24B	923.40B	917.41B	896.63B
Stockholders Equity	52.29B	49.70B	50.31B	51.24B	49.91B	53.92B
Cash Flow
Free Cash Flow	0.00	-191.00M	-56.15B	4.83B	-11.34B	-15.13B
Operating Cash Flow	0.00	160.00M	-55.82B	5.07B	-11.11B	-14.94B
Investing Cash Flow	0.00	-69.58B	-6.03B	-1.67B	-5.31B	6.22B
Financing Cash Flow	0.00	55.59B	38.65B	-4.89B	4.65B	5.39B

ING GROEP Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:INGA, the sentiment is Positive. The current price of 25.02 is above the 20-day moving average (MA) of 22.77, above the 50-day MA of 23.78, and above the 200-day MA of 22.14, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 65.08 is Neutral, neither overbought nor oversold. The STOCH value of 94.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:INGA.

ING GROEP Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAL	76 Outperform	€15.63B	5.57	11.85%	2.07%	2.01%	79.48%
INGA	60 Neutral	€70.02B	12.40	12.05%	5.10%	0.12%	-2.71%
AGN	58 Neutral	€10.14B	10.61	14.36%	5.79%	-6.64%	―
ABN	57 Neutral	€24.00B	14.95	9.85%	4.36%	-12.70%	-12.34%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ASRNL	54 Neutral	€12.84B	6.94	6.31%	5.32%	16.35%	67.44%
NN	53 Neutral	€18.21B	―	6.47%	5.40%	-15.54%	10.53%