ING vs. JPM: ING Groep vs. JPMorgan Chase Stock Comparison

November 11, 2026

How do ING Groep (ING) and JPMorgan Chase (JPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ING Groep (ING) and JPMorgan Chase (JPM) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

JPMorgan Chase (JPM) trades as ordinary local shares, while ING Groep (ING) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for ING Groep (ING) and JPMorgan Chase (JPM)
Profile Item	ING	JPM
Name	ING Groep N.V. Sponsored ADR	JPMorgan Chase & Co.
Country/Region	Netherlands	United States
GICS Sector	Financials	Financials
GICS Industry Group	Banks	Banks
GICS Industry	Banks	Banks
GICS Sub-Industry	Diversified Banks	Diversified Banks
Market Capitalization	90.37 billion USD	888.27 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 18, 1994	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ING

JPM

GSPC

ING Groep (ING) vs. JPMorgan Chase (JPM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ING Groep (ING) and JPMorgan Chase (JPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ING Groep (ING) and JPMorgan Chase (JPM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Total Return (1Y)	34.23%	11.23%
Total Return (3Y, Annualized)	44.65%	36.31%
Total Return (5Y, Annualized)	24.74%	18.27%

Risk Profile

Drawdown History

ING

JPM

GSPC

ING Groep (ING) vs. JPMorgan Chase (JPM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ING Groep (ING) and JPMorgan Chase (JPM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Volatility (1Y, Annualized)	28.52%	23.08%
Beta (5Y)	0.85	1.02
Max Drawdown (5Y)	-43.39%	-37.93%
Avg. Volume (3M)	2.24M	7.03M

Risk-Adjusted Performance

Risk-Return Positioning

ING and JPM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Sharpe Ratio (1Y)	1.05	0.30
Sortino Ratio (1Y)	1.67	0.42

Profitability

ROE (TTM)

Both ING Groep (ING) at 17.76% and JPMorgan Chase (JPM) at 18.01% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ING

Banks industry group

17.76%

Max: 19.84%
ING: 17.76%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

JPM

Banks industry group

18.01%

Max: 19.84%
JPM: 18.01%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Both ING Groep (ING) at 34.40% and JPMorgan Chase (JPM) at 34.59% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ING

Banks industry group

34.40%

Max: 47.19%
Q3: 35.25%
ING: 34.40%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

JPM

Banks industry group

34.59%

Max: 47.19%
Q3: 35.25%
JPM: 34.59%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for ING Groep (ING) in Banks and JPMorgan Chase (JPM) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
ROE (TTM)	17.76%	18.01%
ROA (TTM)	0.79%	1.37%
Net Margin (TTM)	34.40%	34.59%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

JPMorgan Chase (JPM) at 7.32% is around its peer norm for revenue growth, while ING Groep (ING) at 1.55% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

ING Groep (ING) at 7.07% is around its peer norm for EPS growth, while JPMorgan Chase (JPM) at 1.37% drops into the bottom quartile, signaling weaker earnings momentum.

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Revenue Growth (YoY)	1.55%	7.32%
Revenue Growth (3Y CAGR)	6.63%	12.50%
EPS Growth (YoY)	7.07%	1.37%
EPS Growth (3Y CAGR)	28.04%	18.31%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: ING Groep (ING) in Banks and JPMorgan Chase (JPM) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: ING Groep (ING) in Banks and JPMorgan Chase (JPM) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

ING Groep (ING) at 4.55% delivers top-quartile income for its industry, while JPMorgan Chase (JPM) at 1.82% pays a more typical yield — both are credible income propositions, ING the richer one.

ING

Banks industry group

4.55%

Max: 5.79%
ING: 4.55%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

JPM

Banks industry group

1.82%

Max: 5.79%
Q3: 3.18%
Median: 2.39%
JPM: 1.82%
Q1: 1.20%
Min: 0.00%

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

JPMorgan Chase (JPM) at 25.80% pays out a band-typical share of earnings, while ING Groep (ING) at 48.14% distributes more than its industry norm — less retained, thinner cover.

ING

Banks industry group

48.14%

Max: 70.75%
ING: 48.14%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

JPM

Banks industry group

25.80%

Max: 70.75%
Q3: 41.28%
Median: 29.26%
JPM: 25.80%
Q1: 18.98%
Min: 0.00%

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
Dividend Yield (TTM)	4.55%	1.82%
Dividend Payout Ratio (TTM)	48.14%	25.80%

Valuation

P/E Ratio (TTM)

ING Groep (ING) at 11.70 is near its industry’s usual P/E ratio, while JPMorgan Chase (JPM) at 14.03 sits in the richer quartile — JPM needs stronger growth or earnings quality to justify the premium.

ING

Banks industry group

11.70

Max: 18.16
Q3: 13.75
Median: 11.81
ING: 11.70
Q1: 10.64
Min: 6.49

JPM

Banks industry group

14.03

Max: 18.16
JPM: 14.03
Q3: 13.75
Median: 11.81
Q1: 10.64
Min: 6.49

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both ING Groep (ING) in Banks and JPMorgan Chase (JPM) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

P/B Ratio (MRQ)

Both look rich against book: ING Groep (ING) at 1.61 sits in the upper P/B ratio quartile, and JPMorgan Chase (JPM) at 2.53 prices even higher, above its industry range.

ING

Banks industry group

1.61

Max: 2.28
ING: 1.61
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

JPM

Banks industry group

2.53

JPM: 2.53
Max: 2.28
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

ING Groep (ING) vs. JPMorgan Chase (JPM): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for ING Groep (ING) and JPMorgan Chase (JPM)
Metric	ING	JPM
P/E Ratio (TTM)	11.70	14.03
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.61	2.53
Free Cash Flow Yield (TTM)	--	--