ERSTE Grp Bk A/S (OTCMKTS:EBKDY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “
Separately, ValuEngine lowered shares of ERSTE Grp Bk A/S from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th.
ERSTE Grp Bk A/S (OTCMKTS:EBKDY) last posted its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. ERSTE Grp Bk A/S had a net margin of 18.14% and a return on equity of 8.38%. The firm had revenue of $2.07 billion for the quarter. On average, equities analysts anticipate that ERSTE Grp Bk A/S will post 1.92 EPS for the current fiscal year.
About ERSTE Grp Bk A/S
Erste Group Bank AG provides a range of banking and other financial services to the retail and corporate customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, Group Corporate Center, and Intragroup Elimination segments.
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