Eurobank, National Bank of Greece and Alpha Bank see earnings upgrades

Morgan Stanley expects the Greek banking sector to enter earnings season with higher profit forecasts, robust credit growth and a string of second-quarter upside surprises.

In its report, the findings of which were shared by Greek business outlet Newmoney, the US investment bank said it that remains constructive on the sector, arguing that the macroeconomic backdrop is still supportive, loan growth is continuing at a brisk pace and valuations remain attractive....