Van Lanschot Kempen : 2H22 Earnings and Solvency better than expected, more extra cap returns
>Conclusion: Earnings and Solvency better than expected, more extra cap returns - The 2H22 net profit was better than expected driven by the stronger net commission income and interest income. The Solvency was also better than expected. Also the dividend was marginally higher, and positive and new is that they now already announced that they plan an extra capital return by end of the year of € 2.00. In total a positive announcement, we keep our Outperform recommendati...Van Lanschot is the holding company of F. van Lanschot Bankiers NV in the Netherlands. Co.'s services focus on high net-worth individuals and entrepreneurs. Co. also, through it's subsidiary Kempen & Co., also serves the institutional market and offers investment services. Co.'s services are organized into five business segments: Private Banking, Asset Management, Business Banking, Corporate Finance and Securities and other activities. Other Activities include activities relating to the management of interest rate, market and liquidity risk.
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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