ING Groep maintains stable outlook and 5% dividend yield amid economic uncertainties.

ING Groep N.V. has updated its guidance, maintaining a stable outlook and reaffirming its income and cost targets despite ongoing macroeconomic uncertainties. The bank currently trades at 1.4 times its book value, reflecting a targeted return on tangible equity (ROTE) of 14% by 2026, which suggests its valuation is fair. ING offers an attractive dividend yield of around 5%, with potential for additional share buybacks following its Q1 results update on April 30. The investment stance remains cautious with a Hold rating, as future gains depend on ING's ability to increase profitability amid economic and geopolitical risks.