Within the framework of the share buyback programme announced on 10 August 2023 after trading hours, KBC Group NV wishes to advise that the following transactions took place on Euronext Brussels’ regulated market between 13 May 2024 and 17 May 2024, included: Date No. of shares Total price Average price Lowest price Highest price 13-05-2024 75 000 € 5 150 272 € 68.67 € 68.28 € 69.12 14-05-2024 75 000 € 5 164 020 € 68.85 € 68.24 € 69.18 15-05-2024 75 000 € 5 232 592 € 69.77 € 68.88 € 70.02 16-05-
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.
‘We recorded a net profit of 506 million euros in the first quarter of 2024. Compared to the result of the previous quarter, our total income benefited from several factors, including higher net interest income, net fee and commission income and insurance revenues, though these items were partly offset by lower levels of dividend income and trading & fair value income. Costs were up, since the bulk of the bank and insurance taxes for the full year are recorded – as usual – in the first quarter o