Ackermans & van Haaren up as private banking drives strong H1 performance
30/08/2024 09:05
** Shares in Ackermans & van Haaren ACKB.BR are up 3.2%
after the Belgium-listed holding firm posted strong H1 results
carried largely by private banking
** KBC Securities highlights the net result before capital
gains/losses rose by 38% to 224.2 mln euros ($248.4 mln) "thanks
to the strong performances of both the marine & private banking,
which together make up 92%"
** KBC stresses impressive results across the board in the
private banking division, with a 27% income increase YoY, while
Degrood Petercam says "private banking remains unstoppable"
** The company maintains its guidance for 2024
** The stock is among top performers on the pan-European
STOXX 600 index .STOXX
($1 = 0.9024 euros)
(Reporting by Stéphanie Hamel)