KBC shares hit late-2007 highs after Q2 beat, guidance hike

KBC Groep NV

07/08/2025 08:37

** Shares in KBC KBC.BR rise close to 5% at 97.5 euros, their highest level since October 2007, after revising its forecasts and extensively beating estimates in its quarterly update

** The Belgian lender increases its FY guidance on net interest income (NII) to 5.85 billion euros  ($6.83 billion) as it hiked its annual growth guidance to at least 7% from 5.5% indicated earlier

** "Solid with strong NII," J.P.Morgan says, expecting low-single-digit consensus upgrades following the revised guidance

** RBC also notes scope for upgrades on top-line momentum paired with a reiterated cost growth

** The move boosts the stock's YTD performance to about 31%

($1 = 0.8566 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com;))