Eurobank Equities revised its portfolio with regard to its top options, replacing Piraeus Bank with Alpha Bank, in a move based mainly on the reasons for the relevant valuation and the best prospects for the rise that the stock analysts now see for Alpha's share.
As they point out, Alpha Bank is currently showing a more attractive risk-performance profile, after its significant underperformance against the rest of the Greek banking industry from the beginning of the year.
On the basis of Eurobank Equities' estimates, Alpha Bank negotiates a price index to an embedded book value (P/TBV) only 1,17 times for 2026 when the remaining systemic banks are valued at around 1,5 times.
At the same time, its share has yielded about 7% compared to the Greek banking index since early 2026.
Read more aboutnewmoney. gr