ATHENS, Greece--(BUSINESS WIRE)-- Piraeus Financial Holdings (ATHEX: TPEIR) (OTCQX:BPIRY) (OTCQX: BPIRF): This press release features multimedia. View the full release here: €1.1bn profitability and 12% loan growth in 2024 pave the way for €373mn cash dividend Record profitability Best-in-class operating efficiency 17.5% normalized return over tangible book value 30% cost-to-core income €0.81 earnings per share 2.7% NIM +4% NII YoY 0.8% fees over assets Capital generation Solid ...
Opportunity Within Europe and Japan Our bullish outlook on global equities (MSCI ACWI) remains intact. We view this pullback as a buying opportunity and we are watching for $116-$117 support to hold on ACWI-US; this is an important resistance-turned-support level dating back to July 2024. Europe and Japan are on the cusp of major breakouts above critical resistance levels of 5000-5120 on the EURO STOXX 50 and 2740-2820 on the TOPIX. Europe has been consolidating for nine months, while Japan has...
ATHENS, Greece--(BUSINESS WIRE)-- Piraeus Financial Holdings: TPEIR: Piraeus increases its net profit in Q3 by 15% yoy, to €320mn Robust profitability Best-in-class operating efficiency 18% return over tangible book value 30% cost-to-core income €0.25 normalized earnings per share 2.7% NIM stable NII QoQ +11% net fee income YoY Capital generation Solid asset quality +1.3% QoQ 20% total capital ratio ...
The independent financial analyst theScreener just awarded an improved star rating to PIRAEUS FINANCIAL HOLDINGS (GR), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 11, 2...
Strategic plans on track – Management teams report good progress on strategic plans with most actions taking place on time and within budget. The swift implementation of the strategic plans transforms banks’ balance sheets and operations, on the one hand, while giving a strong signal to the market about their determination to return to normality as soon as possible, on the other. Significant divergence in Q3 2021 earnings – This was another quarter with several one-offs distorting the underlyi...
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