KBC Group SA (OTCMKTS:KBCSY – Get Free Report) shares saw strong trading volume on Thursday following a stronger than expected earnings report. 98,237 shares traded hands during trading, an increase of 220% from the previous session’s volume of 30,663 shares.The stock last traded at $72.87 and had previously closed at $73.53.
The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.05. KBC Group had a return on equity of 13.15% and a net margin of 14.98%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research note on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.
KBC Group Stock Performance
The firm’s 50-day moving average price is $68.05 and its two-hundred day moving average price is $66.93. The firm has a market cap of $61.22 billion, a PE ratio of 14.54, a P/E/G ratio of 0.94 and a beta of 0.59.
KBC Group Company Profile
KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.
The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.
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