KBC : Q2 results better, higher future EPS guidance, small delay Ireland SBB
>Conclusion: Better Q2 results, higher future EPS guidance - The Q2 earnings were somewhat better than expected by higher net interest income and lower expenses. The Solvency was also somewhat better. As a result of the positively updated 2024 revenue and cost guidance, after we adjusted the their revenue guidance downward as we too less ECB rate rises than they did, we increased our future earnings estimates. At the FY22 results presentation we expect an excess capit...KBC Group is a bank-insurance group engaged in providing products and services mainly to retail, private banking, SME and mid-cap clients. Co. focuses on its primary markets of Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria. Co. is also present in Ireland and, to a limited extent, in several other countries to support corporate clients from its primary markets. Co.'s main brands are KBC and CBC in Belgium, CSOB in Czech Republic and Slovakia, K&H in Hungary, CIBANK and DZI Insurance in Bulgaria, and KBC Bank Ireland in Ireland. As of Dec 31 2014, Co. had 1,601 bank branches. In addition, Co. had total assets of Euro245.17 billion.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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