NBG story updated from 10:52 a.m. with new information in third paragraph.
NEW YORK ( TheStreet) -- National Bank of Greece (NBG) was added to the "model portfolio" of JPMorgan's European banking analysts Monday, who also added Banco Popular to the list following last week's moves by the European Central Bank to improve funding to the banking sector.
The analysts led by Kian Abouhossein also upgraded Banco Popular to overweight from neutral. National Bank of Greece was already rated "overweight."
U.S.-listed shares of National Bank of Greece were up 2.99% to $4.14 in midday trades in New York. Shares of Banco Popular were higher by 4.62% to $5.45.
The ECB on Thursday announced "a series of targeted longer-term refinancing operations (TLTROs) aimed at improving bank lending to the euro area non-financial private sector, excluding loans to households for house purchase, over a window of two years."
These loans "were significantly better than expected and could lead to a strong take-up by banks," Abouhossein wrote.Follow @dan_freed >> Read More:
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