ING Groep (ING) Boosted to Overweight Amid NII Growth Outlook

ING Groep N.V. (NYSE:ING) ranks among the best-performing European stocks to invest in. On September 2, Morgan Stanley named ING Groep N.V. (NYSE:ING) a Top Pick, upgrading the Dutch bank from Equalweight to Overweight and increasing its price target from EUR23.50 to EUR25.40.

Morgan Stanley estimates that by reducing savings rates and maintaining volume growth, ING Groep N.V. (NYSE:ING) will counteract the roughly €300 million in headwinds from its replicating portfolio next year, resulting in net interest income (NII) growth in 2026.

The firm remains ahead of the curve on fee income, citing several triggers for ING Groep N.V. (NYSE:ING) to create favorable surprises in this area, and sees its next share buyback in Q3 as the stock’s immediate driver.

ING Groep N.V. (NYSE:ING) is a Dutch multinational banking and financial services company that operates in five business segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking.

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Disclosure: None. This article is originally published at Insider Monkey.