J.P. Morgan lifts ING, ABN Amro on higher ECB rates, fee momentum
Morgan on Friday raised its price targets and earnings forecasts for Dutch lenders ING Groep and ABN Amro Bank NV, citing a higher projected path for European Central Bank interest rates and strong fee momentum ahead of second-quarter results. The broker lifted its December 2027 sum-of-the-parts price target for ING to €31.30 from €28.90, maintaining an “overweight” rating, and raised its target for ABN Amro to €39.40 from €34.60, keeping a “neutral” rating.
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Morgan on Friday raised its price targets and earnings forecasts for Dutch lenders ING Groep and ABN Amro Bank NV, citing a higher projected path for European Central Bank interest rates and strong fee momentum ahead of second-quarter results. The broker lifted its December 2027 sum-of-the-parts price target for ING to €31.30 from €28.90, maintaining an “overweight” rating, and raised its target for ABN Amro to €39.40 from €34.60, keeping a “neutral” rating. Morgan raised its earnings-per-share estimates for ING by 4%, 5% and 2% for 2026, 2027 and 2028 respectively, driven by higher net interest income and fees and commissions. The broker now assumes ECB rates averaging 2.25%, 2.4% and 2.25% for those years, incorporating a 25 basis point hike in September 2026 and a 25 basis point cut in the third quarter of 2027.
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- Morgan on Friday raised its price targets and earnings forecasts for Dutch lenders ING Groep and ABN Amro Bank NV, citing a higher projected path for European Central Bank interest rates and strong fee momentum ahead of second-quarter results. The broker lifted its December 2027 sum-of-the-parts price target for ING to €31.30 from €28.90, maintaining an “overweight” rating, and raised its target for ABN Amro to €39.40 from €34.60, keeping a “neutral” rating.
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- 1 outlet, average source rating 6.0/10.
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J.P. Morgan lifts ING, ABN Amro on higher ECB rates, fee momentum
Sources1TypeCoverageInvesting.com · Stock Market