JP Morgan estimates that Greece has recorded significant progress in fiscal consolidation since the financial crisis, noting the country’s economy is slightly “overpriced” in the context of its investment model.

JP Morgan says PPC’s recent Capital Markets Day confirmed that three core pillars are driving the company’s accelerated growth.

JPMorgan highlights that the Greek bank’s shares continue to trade at a “cheap level,” below 7xP/E (price-to-earnings ratio).

The report underlines the Greek economy’s dynamic, justifying an overweight stance in the investment sector.

As Greek banks are set to announce their quarterly results for the year this week, JP Morgan estimates the sector will continue on a positive trend, albeit slightly down. As JP Morgan notes, while Q1 results in 2025 posted a slight slump following a strong performance in Q4 of 2024, marked by substantial credit growth […]

JP Morgan has raised its target prices for Greek banks, despite revising its forecast for the European Central Bank’s key interest rate downward, now expecting it to reach 1.5% by the end of 2025. Alpha Bank: JP Morgan included higher loan volumes in its revised estimates, reflecting the bank’s stronger-than-expected performance in 2024. Despite lowering […]

In its latest update on fixed-income recommendations, JP Morgan stated that while it maintains a constructive medium-term outlook on Greece due to strong macroeconomic and fiscal fundamentals, as well as a stable political landscape, it remains neutral in the short term. The financial institution noted that Greek bonds appear to have become slightly “expensive.” The […]

The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.

JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization.

The US-based multinational finance company, however, stresses that Greek banks remain slightly undervalued compared to the emerging markets and European sectors

JP Morgan points out OTE maintains a solid balance sheet and offers attractive returns for shareholders

JP Morgan's economic forecasts for Greece remain steady, projecting growth of 2.2% for the year alongside inflation at 2.8%.

Demand for Greek assets remains high, as reflected in recent market transactions, with upward macroeconomic prospects, low domestic political risk, and positive catalysts, JP Morgan notes

This interest extended to new domains such as agri-food, technology, and healthcare, in addition to the more traditional sectors.

The PM said “It is obviously much easier now”, adding that there was much greater interest from foreign investors in all sectors to invest in Greece.

It should be recalled that the American investment bank had initially recommended a long position in Greek 10-year bonds in December (18/12).

The bank cautions anyone expecting to acquire positions in Greece at low prices may be disappointed, as strong investment demand is evident, particularly in the demand for Greek assets.

The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone