JP Morgan has reaffirmed its optimistic stance on Eurobank, suggesting the bank’s recent acquisition of Eurolife FFH’s life insurance operations will significantly boost profitability and returns over the coming years.
The investment bank maintained its overweight recommendation with a target price of €4.1 for Eurobank shares, citing the deal to reacquire 80 per cent of Eurolife Life Insurance from Fairfax.
The deal, valued at €813 million in cash , grants
