In its report dated February 16, 2010, JP Morgan increased the TP of Bank of Cyprus and downgraded that of six Greek banks. The TP of BOCY is upgraded to €6.80 from €5 and an overweight...
In a report released on October 29, Credit Suisse announced the initiation of the coverage of Bank of Cyprus with an Outperform rating and € 7.50 target price. “We believe that strong margin...
29/10/2009
According to Fitch Ratings, Hellenic Bank will keep its marginal profitability in 2009. In its report dated October 2, 2009, the firm affirmed Hellenic Bank's (HB) ratings at Long-term Issuer...
06/10/2009
Moody's Investors Service has today changed the outlook on the D+ bank financial strength rating (BFSR) of the Cyprus-based Hellenic Bank Public Company Ltd (Hellenic Bank) to negative, from stable....
In a report dated September 21, UBS upgraded the recommendation for MPB share from sell to buy, as well as its TR from €1.90 to €3.50. According to the report under the title “Time to buy”, “...
21/09/2009
In its report released today, the international credit rating firm Fitch said that the banking supervision is conservative and that the Cypriot banks are exposed to external borrowing. The report...
26/05/2009
In its report dated May 12, 2009 under the title “Banks begin their path towards steady state”, Goldman Sachs revised upwards the TPs of eight Greek and Cypriot banks. This is the first upward...
12/05/2009
Credit Rating Firm, Moody’s downgraded last night the ratings of Alpha Bank, Piraeus Bank and Eurobank. Moody’s are concerned about a deterioration in the bank's key financial fundamentals resulting...
After the release of Deutsche Bank’s report on the Greek and Cypriot banks, Piraeus Bank announced that it was disturbed by the arbitrary assumptions and serious errors in the report. DB’s “sell”...
21/01/2009
Citigroup included Bank of Cyprus, Marfin Popular Bank and Helenic Bank among the stocks that offer some value. In its report, Citigroup said that “We see numerous value traps in the sector, with...