KBC jumps to 3-year high after strong end to 2024

KBC Groep NV

13/02/2025 08:19

** Shares in the Belgian bank KBC  KBC.BR  rise edge up 2.7%
to a three-year high after strong FY results
    ** "Strong finish to 2024," J.P.Morgan says, pointing to
KBC's Q4 PBT of 1.02 bln euros ($1.06 bln), 7% above
company-compiled consensus, and total income of 2.89 bln which
is 4% above consensus
    ** The broker also highlights KBC's better outlook for
2025-27
    ** The results show "strength across the board in Q4", while
guidance implies upside to consensus, RBC says
    ** RBC adds that all revenue lines performed well,
cost-control remains disciplined
    ** JPM also anticipates low single digit upgrades to
2025-27E consensus


($1 = 0.9597 euros)

 (Reporting by Jakob Van Calster)
 ((Jakob.vancalster@thomsonreuters.com
mateusz.rabiega@thomsonreuters.com))