KBC Group merges 365.bank and CSOB: Jefferies targets KBC Group stock at EUR 155

Published on 10/07/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net profit reached EUR 1.152 billion. KBC Group stock costs EUR 125.98 on October 7, 2026 after EUR 125.88, plus 0.08 percent.

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KBC Group (ISIN BE0003565737) was trading at EUR 125.98 at Lang & Schwarz on October 7, 2026 at 9:07 a.m. CEST, plus 0.08 percent versus the prior close of EUR 125.88. According to MarketScreener on September 23, 2026, KBC Group will legally merge 365.bank with CSOB on November 1, 2026. Jefferies initiated coverage with a Buy rating and a EUR 155.00 price target on September 15, 2026, as reported by Markets Insider.

Merger reshapes Slovak operations

The November 1 transaction transfers all 365.bank activities to CSOB, KBC Group's Czech subsidiary, and ends 365.bank as a separate legal entity, according to MarketScreener. Customers, including those from the former Postova banka portfolio, are due to become CSOB customers while continuing to use their existing online banking, cards, ATMs and branches.

Second-quarter profit strengthens the case

Investing.com reported that KBC Group's second-quarter 2026 net profit reached EUR 1.152 billion and return on tangible equity was 18 percent. The result gives the merger and the broader Central and Eastern European strategy a stronger financial backdrop, although the analyst target still depends on continued earnings and tangible book value growth through 2028.

Target sits above the market price

Jefferies' EUR 155.00 target lies 23.03 percent above the Lang & Schwarz price of EUR 125.98, using the same euro currency. KBC Group's market capitalization was EUR 52.1 billion as of October 6, 2026, and the next report date was listed as November 12, 2026 for the third quarter by TradingView.

Trading remains close to the prior close

KBC Group stock was trading at EUR 125.98 at Lang & Schwarz on October 7, 2026 at 9:07 a.m. CEST, plus 0.08 percent versus the October 6, 2026 prior close of EUR 125.88. The further course of trading is shown by the continuously updated real-time quote of KBC Group stock.