Banks: What JPMorgan Sees for Profits and Revenues in the Third Quarter
4 Articles
4 Articles
Growth in lending, resilience in interest income and high returns on capital continue to be the main catalysts for Greek banking stocks, according to JPMorgan, which believes that the sector's momentum has not been exhausted.
JP Morgan sees further room for growth in Greek bank stocks, maintaining a positive stance on all four systemic banks. At the same time, the American house expects strong profits in the third quarter, mainly supported by interest income. Specifically, JP Morgan predicts total net profits of approximately 1.3 billion euros for Alpha Bank, Eurobank, National Bank and Piraeus Bank. However, it estimates that the results will decline on average comp…
JPMorgan maintains an overweight rating on the four Greek banks and target prices, predicting an increase in interest income but a mild smoothing of earnings in the third quarter of 2026.
JP Morgan sees a further rally in Greek bank shares, thus maintaining its positive stance, while expecting that the third-quarter results, which start this week, although they will be lower on average than the second quarter, will remain strong, supported by net interest income, with the four systemic banks recording profits of 1.297 billion euros.
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