KBC Groupe NV
KBC: XBRU (BEL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GjC | LOCK|y>CS | LOCK|ZR&vnY%x |
KBC: Higher Rate Expectations and Faster Loan Growth Lift Our Earnings Outlook
Markets now expect euro overnight rates to average about 3.1% in 2027, a full percentage point higher than they priced in a year ago. KBC's loans are also growing about 7% a year, faster than we assumed. Management has raised its 2026 net interest income guidance by about 5%.
