Bank’s results disclosure (net profit of 223 million euros increased by 35% on a quarterly basis and 5% in annual) exceeded expectations
Starring banks (the industry closed 3.92%) closed with significant profits for this week by the ATHEX General Index.
Indeed, during the meeting the General Index noted a new high for this year.
Alpha Bank’s share was driven by the bank race.
The publication of the Bank’s results (net profit of € 223 million increased by 35% on a quarterly basis and 5% in annual) exceeded analysts’ expectations, leading to the market to close to +7.54% (EUR 2,440). Analyzes of investment banks that followed the publication of the results converge on the strong dynamics of the bank in the first quarter of the year. Indicatively, UBS recommends a market with a target of 2.68 euros, Goldman Sachs, as well as Jefferies, has also remained in the market for a market price of 3.20 euros.
Eurobank (3.15%) also closed with significant profits, at EUR 2,490 EUR (3.51%) at € 9.8, followed by Piraeus (2.71%) at 5.3 euros. For the latter, UBS recommends a market by raising the target price to 6.70 euros.
Great investment interest was recorded in Qualco’s public bidding as bids were estimated at € 550m.
With 0.92%profits at 41.48, the share of Mytilene, OPAP (1.75%) at 19.740 euros of PPC (1.79%) at € 13,680, PPA, 42.80 and a new historical high.
The FTSE 25 (high capitalization) was raised by 2.11% to 4,339.54 points and Mid Cap (medium capitalization) closed with a rose 1.19% to 2,626.11 points.
The value of the transactions reached EUR 217,815 million, of which € 28.03 million was in packages. At 119,401 billion euros, market capitalization was set. The sign for 78 shares, negative for 29, was positive, while 19 shares remained unchanged.
Source: Skai
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