Is ING Groep (ENXTAM:INGA) Still Undervalued After Its London Conference Slot?

ING Groep (ENXTAM:INGA) is back in the spotlight after confirming a slot at Bank of America’s 31st Annual Financials CEO Conference in London on 23 September 2026, where CEO Steven van Rijswijk will present.

ING Groep’s recent pattern has been one of short-term cooling against a stronger backdrop, with the share price slipping 0.8% on the day and 2.5% over the past week. This comes even after a 15.8% 90 day share price return and a 1 year total shareholder return of 51.3% that suggests momentum has been building into events like the upcoming London conference.

Scan how ING Groep compares with other large financial institutions showing strong price and fundamentals momentum using our hand picked list of solid balance sheet and fundamentals (202 results) as a starting point.

Bulls point to ING Groep’s strong recent total returns and solid earnings base. Bears focus on the share price pullback and questions on what is already priced in. Which side does today’s valuation support?

Most Popular Narrative: 1.6% Undervalued

ING Groep closed at €31.52, while the most followed valuation story pegs fair value around €32.03, which implies only a small discount and a lot of expectations already built in.

Yes, partly for the reasons given here, European banks and ING, too, have had a decent run already, but there is still a decent upside to be had, and a nice dividend on top of it. All this, however, has to be discounted by a rather higher rate than customary, for one single word, Trump.

See why 37 investors see ING Groep as 2% undervalued.

Result: Fair Value of €32.03 (UNDERVALUED)

However, ING Groep’s story could be knocked off course by rising funding costs or a sharper than expected slowdown in fee driven businesses.

Find out about the key risks to this ING Groep narrative.

Next Steps

Sentiment around ING Groep is split, with solid recent returns on one side and clear question marks on the other. Move quickly to inspect both the potential upside and the downside in detail by reviewing the 2 key rewards and 2 important warning signs.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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