Van Lanschot Kempen : Commission income less, private clients net inflow remains good
>Conclusion: Commission income less than expected, PC net inflow remains good - The 1H23 net profit was somewhat less than we expected by lower than expected adj. other income and lower commission income. The company is taking some cost actions. The adj. net interest income (NII) was quite in line with our expectations and the expenses were marginally lower. For 2H23 we expect some decline of the NII but NII is only 25% of total revenues, as commission income is most ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.