Citi raises Eurobank earnings outlook ahead of quarterly results

Citi has maintained its ‘buy’ recommendation for Eurobank and reaffirmed its target price of €5 per share, while slightly raising its profitability forecasts for the banking group ahead of its second-quarter results.

Citi’s latest research note, whose findings were shared by Greek business outlet Newmoney, points to improved earnings prospects driven by stronger interest income and continued momentum in lending and capital markets activity....