I hold a substantial indirect long position in KBC Group due to its conservative balance sheet and exposure to Central Europe and Belgium. KBC Group's strong net profit and robust net interest income bode well for dividend investors, with a likely full-year EPS of around 7.5-7.75 EUR. The bank's ability to cross-sell insurance products through its banking channels adds a significant revenue stream, enhancing overall profitability.
KBC Group NV (OTCPK:KBCSY) Q2 2024 Results Conference Call August 8, 2024 3:30 AM ET Company Participants Kurt De Baenst - General Manager, Investor Relations Johan Thijs - Chief Executive Officer Luc Popelier - Chief Financial Officer Conference Call Participants Benoit Petrarque - Kepler Cheuvreux Tarik El Mejjad - Bank of America Giulia Miotto - Morgan Stanley Raul Sinha - JPMorgan Samuel Moran-Smyth - Barclays Chris Hallam - Goldman Sachs Kiri Vijayarajah - HSBC Guillaume Tiberghien - BNP Paribas Hugh Moorhead - Berenberg Anke Reingen - RBC Operator Hello and welcome to the KBC Group earnings release second quarter 2024. My name is Caroline, and I'll be your coordinator for today's event.
KBC Group NV (OTCMKTS:KBCSY – Get Free Report) declared a dividend on Saturday, May 18th, NASDAQ reports. Investors of record on Tuesday, May 28th will be given a dividend of 0.2337 per share on Thursday, June 13th. The ex-dividend date of this dividend is Friday, May 24th. KBC Group Stock Performance OTCMKTS:KBCSY opened at $37.24 on Monday. KBC Group has a 52-week low of $26.84 and a 52-week high of $38.59. The company has a market cap of $31.08 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.85 and a beta of 1.17. The stock’s 50-day simple moving average is $37.36 and its 200 day simple moving average is $33.71. About KBC Group (Get Free Report) KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.
KBC Group (KBCSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.