Eurobank and Alpha Bank lead Axia’s banking picks

Greek and Cypriot bank shares are expected to continue outperforming, with investment firm Axia-Alpha Finance raising its target prices and maintaining buy recommendations, while identifying Eurobank and the Bank of Cyprus as its preferred investment choices.

In its latest report, whose findings were shared by Greek business outlet Insider, the investment firm said the positive investment story for Greek and Cypriot banks remains intact, supported by improving fundamentals, resilient...