Eurobank

The Greek bourse's benchmark came off Tuesday's three-and-a-half-month lows on Wednesday to show a significant rebound, even if that was on the lowest turnover of the last nine sessions. The day's gains snapped a five-day losing streak, led by non-banking stocks.

Global stock markets are under a wave of liquidations, with the geopolitical landscape clouded by the nuclear threat arising from the escalation of tensions in the Russia-Ukraine war.

Greece's four systemic banks are expected to record profits amounting to 4.7 billion euros this year, against €3.6 billion in 2023, raising the dividend to be distributed close to €2 billion, up from €875 million in 2023.

Greetings, the day after a significant political event, such as the expulsion of a prominent political figure from their party, is always “a cold day” for everyone who thinks a little more than just about…social media. After all, Mitsotakis himself has always been a moderate politician who thinks quite thoroughly and methodically about his moves and decisions.

Sellers ruled the roost once again at the Greek bourse on Monday, with the benchmark heading lower for the third day in a row. The ejection of former prime minister Antonis Samaras from ruling New Democracy and the permission Washington has apparently granted to Kyiv for using long-range missiles to hit Russia combined to apply fresh pressure on stock prices.

– Hello there! What a lovely weekend we just had—bright but chilly with the sun showing its teeth, and thankfully no rain (let’s see how long this lasts in November).

Banks were the star stocks in Friday's bourse session at Athinon Avenue, taking the benchmark higher to add to its weekly gains, though the majority of stocks finished lower on the day.

Returning to positive territory for the Greek stock market, after yesterday’s “brake” on the 5-day rise that preceded it. Traders are “weighing” the Q3 and 9-month financial performance of systemic banks, as well as subsequent management statements on upgraded annual guidance, increased dividends and faster deferred tax (DTC) amortization.

Eurobank, Greece's largest lender by market value, on Thursday reported higher profit for the first nine months of the year, driven by higher net interest and net fee and commission incomes.

Reported net earnings came in at 1.14 billion euros in the January-to-September period, up 15.8% from the €980 million it reported last year.

The rising sequence of five sessions came to an end for the benchmark of the Greek bourse on Thursday, though only by the smallest of margins. There were conflicting trends in the session, switching the course of the main index from positive to negative and back several times.