Erste hits highest in two years on Q3 NII increase
** Shares of Austrian bank Erste Group ERST.VI rise 5% to their highest in two years helped by strong net interest income (NII) momentum driving another guidance upgrade
** The company is "firing on all cylinders", J.P.Morgan says, adding that its Q3 NII has exceeded 1.9 billion euros and reached a new record
** Erste also upgraded its FY guidance and now sees ROTE of more than 16% from 15% previously, NII 2% growth compared to 0% anticipated earlier
** "CEE NII is on a strong momentum and provides a cyclical hedge to the Group in a lower ECB rate environment, driven by strong deposit repricing and better growth momentum," the brokerage adds
Reporting by Anastasiia Kozlova
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