The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
ING Groep NV ADR ING
Outside both standards
An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · ING Groep N.V.
read at $35.92
ING Groep NV ADR holds its Markup at $35.92.
- PHPhase · the trend structure carries the Markup label
- INInsiders · no filings inside 60 days, left as found
- POPositioning · no disclosures inside 60 days, left as found
- OPOptions · no verdict drawn today, left as found
- SCScreen · does not pass the values gate
- edge confirmed
- edge broken
- edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Markup |
| Quantitative state | The statistical read favours the sellers, held for 269 days |
| Price | $35.92 |
| Valuation | 13.45 trailing · 11.26 forward price to earnings |
| Values screen | FAIL · score 30.0 |
| Beta | 0.90 |
The opportunity · what the numbers say it is worth
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
| Revenue growth | 11.10% |
| Profit margin | 34.49% |
| Analyst consensus | Hold · 3 covering |
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
Used by most halal investing apps ✗ DOES NOT PASS
The one Titan applies ✗ DOES NOT PASS
Why it fails. The problem is its excluded industry: banks - diversified. Because both standards agree on this, it is a clear exclusion, not a borderline case.
What these two standards are, and how they differ →
- Business activity Excluded industry: Banks - Diversified Fail
- Debt load Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
- Interest-bearing cash Interest-bearing cash and securities are of assets, above the one-third limit. Fail
- Receivables Money owed to the company is of assets, above the 49% limit. Fail
- Revenue purity of revenue comes from non-compliant sources, over the 5% line. Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
The business, in plain words · what the numbers mean
Banks fail our ethical screen every time
Picture a Dutch worker depositing wages on Friday and the same money funding loans across Europe by Monday. ING sits at the centre of that flow yet our screen rules out the entire diversified banks sector on ethical grounds, so we pass regardless of the numbers.
The shares trade on a forward multiple of 10.3 times with revenue growth stuck at 3 percent and a narrow moat. Our own fair value sits 14 percent above the current price, yet three analysts still see a median target of just 30 dollars and rate the stock a hold. Low multiples on banking earnings often signal peak-cycle profits rather than a bargain.
Currency swings, regulatory shocks and the narrow moat keep downside risk material even if the valuation appears modest. Analysis, not advice.
| Forward P/E | 11.3x fairly priced for its growth rate |
| Trailing P/E | 13.5x reasonably valued |
| Revenue growth | 11.1% steady growth |
| Profit margin | 34.5% highly profitable on every dollar of sales |
| Return on equity | 17.1% a solid return on shareholder capital |
| Beta | 0.90 steadier than the market |
| Market cap | $102.7B |
| Employees | 60,000 |
The risks · The things to watch: its business and earnings are exposed to Netherlands and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Latest news · what the market is reading on ING
- › WSJ Dollar Index Rises 0.18% to 97.04 The Wall Street Journal · 16 Jul 2026
- › What Visa (V)'s New AI Assistants and Agentic Payments Mean For Shareholders Simply Wall St. · 15 Jul 2026
- › ING Sees Limited Upside for Canadian Dollar, Forecasts USD/CAD at 1.36 in One Year MT Newswires · 13 Jul 2026
- › Dollar Faces Pullback as Fed Might Not Lift Rates The Wall Street Journal · 13 Jul 2026
- › Fed ‘could bail out Wall Street if market crashes’ The Telegraph · 13 Jul 2026
Headlines from third-party outlets, linked for reference — not our reporting, not advice.
Related securities · others in ING's space worth a look
Screened names in the same industry · explore each on its own page.
The trader read · the latest dated commentary
The dated journal · newest first, never edited
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 7.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31. It reported earnings in this window, a natural checkpoint for the thesis.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 40%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (3 analysts) rates it none, with a mean price target of $31.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The political ledger · congressional disclosures
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 9 Apr2026 | Josh Gottheimer | Democrat | sell | 1K–15K |
| 9 Apr2026 | Scott Peters | Democrat | buy | 50K–100K |
| 8 May2026 | Rick Allen | Republican | buy | 1K–15K |
| 8 May2026 | Ro Khanna | Democrat | buy | 1K–15K |
| 8 May2026 | Ro Khanna | Democrat | buy | 1K–15K |
What holding actually paid · price plus dividends
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $30.10 | -4.7% | · | $953 | -4.7% |
| 2 months | $27.83 | +3.1% | $0.88 | $1,063 | +6.3% |
| 3 months | $25.45 | +12.8% | $0.88 | $1,162 | +16.2% |
| 6 months | $26.84 | +6.9% | $0.88 | $1,102 | +10.2% |
| 1 year | $20.46 | +40.3% | $0.88 | $1,446 | +44.6% |
| 2 years | $15.68 | +83.0% | $2.23 | $1,972 | +97.2% |
| 3 years | $10.80 | +165.7% | $3.43 | $2,974 | +197.4% |
| 5 years | $9.48 | +202.7% | $5.36 | $3,593 | +259.3% |
Historical returns from market close data. Past performance does not guarantee future results.