JPMorgan cuts target for KBC Group stock from EUR 127 to EUR 125

Published on 10/22/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net profit was EUR 1.15 billion, up 13.00 percent year over year. KBC Group stock costs EUR 113.25, 9.40 percent below JPMorgan's target.

Target revision and earnings calendar

JPMorgan cut its KBC Group target from EUR 127.00 to EUR 125.00 on October 21, 2026.
Second-quarter net profit reached EUR 1.15 billion, up 13.00 percent year over year.
KBC Group stock traded at EUR 113.25 at 9:45 a.m. CEST at Lang & Schwarz on October 22, 2026.
The next earnings report is scheduled for November 12, 2026.

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KBC Group (ISIN BE0003565737) traded at EUR 113.25 at Lang & Schwarz at 9:45 a.m. CEST on October 22, 2026. The latest analyst action came from Zonebourse, which reported on October 21, 2026 that JPMorgan cut its target from EUR 127.00 to EUR 125.00 while keeping a Neutral stance.

What does the target cut change?

The revised target remains EUR 11.75 above the Lang & Schwarz price, a 10.38 percent premium calculated from EUR 113.25. The adjustment therefore narrows the valuation cushion described by JPMorgan, while the bank's Neutral rating signals a more balanced view of potential gains and risks.

Second-quarter profit set the benchmark

KBC Group reported second-quarter 2026 net profit of EUR 1.15 billion, up 13.00 percent from EUR 1.02 billion in the second quarter of 2025, according to Simply Wall St. Revenue reached EUR 3.37 billion, 6.60 percent above the prior-year quarter, while profit margin rose to 34.00 percent from 32.00 percent.

The chronology shows how the valuation debate developed. On February 12, 2026, KBC Group proposed a total 2025 dividend of EUR 5.10 per share, according to Simply Wall St. On August 6, 2026, it raised 2026 net interest income guidance to approximately EUR 7.05 billion from at least EUR 6.725 billion, the same source reported. On October 21, 2026, JPMorgan cut its target from EUR 127.00 to EUR 125.00, as Zonebourse reported.

When are the next key dates?

The next scheduled earnings report is November 12, 2026, according to MarketBeat. Simply Wall St lists November 4, 2026 as the ex-dividend date and November 6, 2026 as the payment date for the interim dividend.

Price keeps the valuation question open

For investors, the central issue is whether the strong second-quarter result and higher guidance can offset a more cautious target from JPMorgan. The EUR 125.00 target sits 10.38 percent above the Lang & Schwarz price, while the next earnings date gives the market a defined checkpoint for judging execution.

KBC Group stock was trading at EUR 113.25 at Lang & Schwarz on October 22, 2026 at 9:45 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of KBC Group stock.