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Citigroup has upgraded the target price of Greek bank Alpha to €4.30 from €3.90 following a minor upward adjustment of the systemic bank's profit projections. The global investment and financial services bank reduced its estimates for Alpha Bank's earnings per share (EPS) by 2% for 2025 and 2026, with its fundamental projections for the bank remaining unchanged. The downward revision of its earnings-per-share estimates reflects the inclusion of additional extraordinary contributions totaling €25 million for this year and the next, allocated to school reconstruction. These expenses are incorporated into its forecasts for operating expenses (OPEX). In addition, the bank slightly lowered its projections for net interest income for this year, though this is offset by higher expected income from trading and other sources. Citi's profitability forecasts for the coming years remain unchanged. Continued progress in capital strengthening and...

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Citigroup has upgraded the target price of Greek bank Alpha to €4.30 from €3.90 following a minor upward adjustment of the systemic bank's profit projections. The global investment and financial services bank reduced its estimates for Alpha Bank's earnings per share (EPS) by 2% for 2025 and 2026, with its fundamental projections for the bank remaining unchanged. The...

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