12:50 AM EDT, 08/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to USD25 from USD22, reflecting consensus 2025 P/B of 1.31x. The implied premium to its five-year historical average P/B of 0.84x is justified in our view by ING's improving profitability, reflecting sharp efficiency gains and digital-driven cost discipline. ING delivered resilient H1 2025, with steady net interest and fee income underpinned by strong commercial momentum and diversified revenue streams. While operating expenses have edged higher due to strategic digital infrastructure and sustainable finance advisory investments, provisioning remains conservative and capital adequacy and returns metrics stay robust. Facing potential margin pressure from rate normalization and limited near-term catalysts, management's focus on improving the cost/income ratio through efficiency gains, disciplined capital allocation, and earnings momentum underpin our Hold recommendation. We keep our EPS forecasts of EUR2.00 for 2025 and EUR2.20 for 2026.