ING Groep NV

INGA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ING: Modestly Better Guidance; Maintain Fair Value Estimate

Johann Scholtz

Feb 2, 2026

ING closed the year on a stronger note. Fourth‑quarter pretax profit rose 22%, reversing the 6% drop seen over the first nine months and finishing the year with a 13.5% return on tangible equity, or ROTE. The bank nudged guidance higher and now targets a 15% ROTE in 2027, up from 14% before.

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ING Groep NV

ING: Modestly Better Guidance; Maintain Fair Value Estimate

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