Van Lanschot Kempen : Some revenue pressure from lower stock market in 1H22, TP reduced
>Conclusion: 1H22 results some pressure from lower stock markets - For 1H22, we expect Van Lanschot Kempen (VLK) to report a net profit of € 35m. In 1H22 the earnings mainly in 2Q22 have some pressure from the declined stock markets having some impact on the commission income and the other income with the own fund investments. As VLK has only limited loans/asset risk the impact of a possible recession is already reflected in the earnings via low equity markets (which ...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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