Equity Profile

ING

ING Groep N.V.

FinancialsDiversified Banks$101.7B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

ING Groep N.V. is a diversified bank based in the Netherlands, providing a wide range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.72

Revenue

Total revenue reflects the bank's ability to generate income from its operations, which is crucial for assessing growth.

$6.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ING Q2-2026 Earnings Preview

Context

Company Snapshot

ING Groep N.V. is a diversified bank based in the Netherlands, providing a wide range of financial services including retail banking, investment banking, and asset management. With a market cap of $102 billion, ING plays a significant role in the financial sector, particularly as consumer spending and interest rates fluctuate.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.03%

Avg Stock Reaction

+2.24%

Last Quarter Recap

In Q1-2026, ING reported an EPS of $0.63, surpassing estimates by 5.44%. The stock reacted positively, increasing by 4.63% the following day.

Management Promises & Guidance

Focus on improving customer experience through digital banking solutions.
Commitment to maintaining strong capital ratios.
Plans to expand lending in key markets.

Expectations

Wall Street Expectations

Analysts expect ING to report solid earnings this quarter, with a consensus EPS of $0.72. Investors are keen to see if the bank can maintain its growth trajectory amidst changing economic conditions.

Bull Case

If ING beats EPS expectations and shows strong revenue growth, it could signal robust demand for its services and effective cost management.

Bear Case

Conversely, if the bank misses earnings targets or provides weak guidance, it may raise concerns about its growth prospects and the impact of economic headwinds.

Key Metrics to Watch

EPS

$0.72

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$6.3B

Total revenue reflects the bank's ability to generate income from its operations, which is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ING's EPS exceed the consensus estimate of $0.72?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What guidance will management provide regarding future revenue growth?

Clear guidance on revenue growth is crucial for understanding the bank's strategy and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate ING's ability to capitalize on rising interest rates, which could enhance its net interest margin significantly.

Supporting Evidence

Recent economic data suggests a stronger demand for loans, which could boost revenue beyond current estimates.

The bank's digital transformation initiatives are likely to improve efficiency and customer acquisition.

Options pricing indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

Key Risk

If net interest margin expands significantly, it could lead to a substantial earnings surprise.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the bank's ability to manage costs and grow revenues in a challenging economic environment.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational efficiency and growth.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±14.9% while ING has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (64K)P/C Ratio: 0.11Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

5.85%

of float

Insider

0.00%

of float

Holders

610

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
53,221,109 sh · $1.5B
1.82%
-6.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ING beats estimates and raises guidance, history suggests a potential stock increase of around 3.26% on the following day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors digest the commentary.

Miss

If the bank misses earnings expectations, history indicates a minimal reaction of around 0.02%, but investor sentiment could turn negative.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand in key markets.
2Insights into cost management strategies and efficiency improvements.
3Comments on the impact of interest rate changes on profitability.
4Guidance on future capital allocation and investment strategies.
5Management's outlook on economic conditions and potential risks.

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Company Snapshot

ING Groep N.V. is a diversified bank based in the Netherlands, providing a wide range of financial services including retail banking, investment banking, and asset management....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.72

Revenue

Total revenue reflects the bank's ability to generate income from its operations, which is crucial for assessing growth.

$6.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ING Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+1.03%

Avg Stock Reaction

+2.24%

Last Quarter Recap

In Q1-2026, ING reported an EPS of $0.63, surpassing estimates by 5.44%. The stock reacted positively, increasing by 4.63% the following day.

Management Promises & Guidance

Focus on improving customer experience through digital banking solutions.
Commitment to maintaining strong capital ratios.
Plans to expand lending in key markets.

Expectations

Wall Street Expectations

Analysts expect ING to report solid earnings this quarter, with a consensus EPS of $0.72. Investors are keen to see if the bank can maintain its growth trajectory amidst changing economic conditions.

Bull Case

If ING beats EPS expectations and shows strong revenue growth, it could signal robust demand for its services and effective cost management.

Bear Case

Conversely, if the bank misses earnings targets or provides weak guidance, it may raise concerns about its growth prospects and the impact of economic headwinds.

Key Metrics to Watch

EPS

$0.72

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$6.3B

Total revenue reflects the bank's ability to generate income from its operations, which is crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ING's EPS exceed the consensus estimate of $0.72?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What guidance will management provide regarding future revenue growth?

Clear guidance on revenue growth is crucial for understanding the bank's strategy and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate ING's ability to capitalize on rising interest rates, which could enhance its net interest margin significantly.

Supporting Evidence

Recent economic data suggests a stronger demand for loans, which could boost revenue beyond current estimates.

The bank's digital transformation initiatives are likely to improve efficiency and customer acquisition.

Options pricing indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

Key Risk

If net interest margin expands significantly, it could lead to a substantial earnings surprise.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the bank's ability to manage costs and grow revenues in a challenging economic environment.

Bull Confirmed If

An EPS of $0.75 or higher would confirm strong operational efficiency and growth.

Bear Confirmed If

An EPS below $0.70 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±14.9%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±14.9% while ING has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.4%

Calls (64K)P/C Ratio: 0.11Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

5.85%

of float

Insider

0.00%

of float

Holders

610

institutions

Top Holders· as of Dec 2025

Fisher Asset Management, LLC
53,221,109 sh · $1.5B
1.82%
-6.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ING beats estimates and raises guidance, history suggests a potential stock increase of around 3.26% on the following day.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see muted movement as investors digest the commentary.

Miss

If the bank misses earnings expectations, history indicates a minimal reaction of around 0.02%, but investor sentiment could turn negative.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and demand in key markets.
2Insights into cost management strategies and efficiency improvements.
3Comments on the impact of interest rate changes on profitability.
4Guidance on future capital allocation and investment strategies.
5Management's outlook on economic conditions and potential risks.