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    EBS   AT0000652011

ERSTE GROUP BANK AG

(EBS)
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Erste Group 2Q Net Profit Rose

07/30/2021 | 02:05am EDT

By Sarah Sloat

Erste Group Bank AG said Friday that net profit in its second quarter rose, helped by an improving overall economic environment.

Net profit for the period was 562.9 million euros ($669.2 million) compared with EUR58.5 million in the same period a year earlier, the Austrian bank said. Operating profit of EUR962.4 million was higher than the EUR805.4 million it had a year earlier.

"We are cautiously optimistic for the year 2021 as a whole, even as we are aware that much depends on the further course of the pandemic and its medium-term impact on the economy," the bank said.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

07-30-21 0204ET

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Analyst Recommendations on ERSTE GROUP BANK AG
More recommendations
Financials
Sales 2021 7 491 M 8 783 M 8 783 M
Net income 2021 1 476 M 1 730 M 1 730 M
Net Debt 2021 - - -
P/E ratio 2021 9,89x
Yield 2021 5,42%
Capitalization 14 450 M 16 962 M 16 943 M
Capi. / Sales 2021 1,93x
Capi. / Sales 2022 1,87x
Nbr of Employees 45 124
Free-Float 62,3%
Chart ERSTE GROUP BANK AG
Duration : Period :
Erste Group Bank AG Technical Analysis Chart | EBS | AT0000652011 | MarketScreener
Technical analysis trends ERSTE GROUP BANK AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 35,64 €
Average target price 38,13 €
Spread / Average Target 6,99%
EPS Revisions
Managers and Directors
Bernhard Spalt Chief Executive Officer
Stefan Dörfler Chief Financial Officer
Friedrich Rödler Chairman-Supervisory Board
David O'Mahony Chief Operating Officer
Jan Meindert Homan First Vice Chairman-Supervisory Board
Sector and Competitors