JP Morgan analysis for emerging economies including Turkey puts Greek National Bank among top picks.
Turkey was upgraded to overweight from neutral, promoting National Bank, due to the prospects of Finansbank.
JP Morgan showsearnings per share for National of 0.13 euros this year and 0.24 euros for 2015 thus trading at Price-Earnings Ratio of 20.6 for 2014, and 11.2 for 2015.
The target price given by JP Morgan for the Greek bank is 3.59 euros.
Greece remains overweight, meaning a recommendation for overinvestment, in JP Morgan plans along with Poland and now Turkey.
The report is dated 9 September 2014.
As the relevant analysis states the diversification that has occurred has to do with the changes in relation to the measures and policies of the ECB.
With this report, the American investment bank returns interest to Greek equities and especially for banks at a time when the market seems to express doubt in two directions.
- The first has to do with the political factor
- And the second is the final image of the stress tests
Οι πιο πρόσφατες Ειδήσεις
Διαβάστε πρώτοι τις Ειδήσεις για ό,τι συμβαίνει τώρα στην Ελλάδα και τον Κόσμο στο thetoc.gr
