ING Groep NV

INGA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ING: Fee Income Drives Both Returns and Our Fair Value Estimate Increase to EUR 29

Johann Scholtz , Svetlana Menshchikova

Oct 8, 2026

ING has posted stronger-than-expected performance so far this year, which has driven management's guidance upgrade for 2026 and 2027. We now revise our near-term assumptions upward, while our midterm view remains moderate.

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ING Groep NV

ING: Fee Income Drives Both Returns and Our Fair Value Estimate Increase to EUR 29

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