Breaking news

Cardinals Who Could Succeed Pope Francis

Shortly, the Roman Catholic Church cardinals will convene in the Sistine Chapel for a conclave, a secret ballot election, to choose a successor to Pope Francis. Among the top contenders for this sacred position are:

Leading Candidates to Succeed Pope Francis

Jean-Marc Aveline (France): The Archbishop of Marseille, elevated to cardinal in 2022, shares many of Pope Francis’s perspectives but has been cautious regarding the blessing of same-sex unions. Known for resemblance to Pope John XXIII, Aveline, at 66, might echo the past prediction of the next pope being John XXIV.

Péter Erdő (Hungary): At 71, the Archbishop of Budapest and Primate of Hungary has long been a favorite. Having chaired the European Episcopal Conferences in 2005 and 2011, Erdő’s stance against same-sex marriage and his skepticism toward welcoming migrants suggest conservative support.

Pietro Parolin (Italy): As the Vatican’s Secretary of State since 2014, 70-year-old Parolin is celebrated for his diplomacy, notably engaging in Middle East and China negotiations. However, the Vatican-China agreement of 2018 drew criticism over perceived concessions.

Marc Ouellet (Canada): The 80-year-old has repeatedly been considered for the papacy, even as recently as 2013. As a staunch conservative, Ouellet opposes same-sex marriage and female ordination even as deacon.

Luis Tagle (Philippines): Once deemed a rising star by Francis, Tagle, 67, has criticized harsh church language towards marginalized groups while promoting more inclusive church policies.

Matteo Zuppi (Italy): Known for his advocacy for the poor and migrants, Archbishop Zuppi, 69, also supports LGBTQ+ blessings, mirroring Pope Francis’s more progressive policies, yet he is against the ordination of women.

Fridolin Ambongo (Congo): At 65, the Archbishop of Kinshasa and a recent cardinal, Ambongo took a firm stand against same-sex blessings, labeling them inherently evil.

Robert Sarah (Guinea): Sarah, 79, is recognized for his devoutly conservative positions. Strongly opposing abortion and same-sex marriage, he often warns against the rise of Islam.

Mario Grech (Malta): As the Secretary-General of the Synod of Bishops, Grech, 68, has shown a shift toward inclusivity, suggesting potential openness to female deacons.

Who Else Might Succeed Pope Francis?

Speculations are rife with nearly twenty cardinals under consideration. Names like Anders Arborelius, Charles Maung Bo, François-Xavier Bustillo, Pierbattista Pizzaballa, and Juan José Omella are often mentioned among possible papabili.

How is a New Pope Elected?

In the event of the pope’s passing, cardinals younger than 80 years will gather in the Sistine Chapel to undertake the conclave process. This crucial event happens between 15 and 20 days post-death. A two-thirds majority is necessary to elect a new pope. Unsuccessful rounds are noted by black smoke, while white smoke heralds the selection of a new pope. This traditional process sometimes extends several days; however, Pope Francis was elected in less than 24 hours.

Key Context

Pope Francis, born Jorge Mario Bergoglio in Argentina, has died at 88 after pioneering a somewhat progressive papacy beginning in 2013, following Pope Benedict XVI’s historic resignation. His papal name honors St. Francis of Assisi, emulating a life dedicated to poverty.

During his tenure, Pope Francis advocated for greater acceptance of LGBTQ+ individuals and criticized abortion laws, albeit taking a conservative stance against gender theory. In 2023, the Vatican declared priests could bless same-sex couples, but Francis later nuanced this stance, emphasizing blessings for love but not recognizing same-sex unions as marriages.

With bold calls for inclusive clerical participation and immigrant support, Pope Francis’s legacy is marked by a complex interplay of traditional and progressive values as the Cardinal Conclave looms on the ecclesiastical horizon.

Citigroup Raises Eurobank Target Price Following Strong Q1 Results

Revised Target Price Reflects Strengthened Outlook

Citigroup raised its target price for Eurobank to €5.00 from €4.70 while maintaining a buy recommendation following the bank’s first-quarter results and upgraded medium-term profitability outlook. Based on Eurobank’s reference share price of €3.72 on May 15, 2026, Citigroup’s revised target implies upside potential of 34.4%, rising to 38.5% when the estimated dividend yield of 4.1% is included.

Enhanced Earnings And Comprehensive Forecasts

The upgraded analysis from Citigroup, as reported by Newmoney, points to bolstered momentum in net interest income and fee generation. The investment bank has revised its normalized earnings per share forecasts upward: 4% for 2026, 9% for 2027, and 14% for 2028, primarily driven by higher expected net interest income and increased commissions.

Scenario Analysis Offers Range Of Outcomes

Citigroup’s bullish scenario values Eurobank shares at €6.10, implying potential upside of 64%. Its downside scenario projects a share price of €3.55, approximately 4.6% below the May 15 reference level. The optimistic case assumes a return on tangible equity one percentage point higher, alongside a 100 basis point reduction in the cost of equity. Meanwhile, the negative scenario assumes a 1.5 percentage point lower return combined with a 200 basis point increase in the cost of equity.

Solid Q1 Results Support Growth Targets

Eurobank reported normalized net profits of €351 million during the first quarter, broadly in line with market expectations. Reported net profit reached €331 million after a €35 million expense linked to a voluntary exit programme involving around 200 employees. The programme is expected to generate annual savings of approximately €14 million. Net interest income increased 3% quarter-on-quarter, exceeding consensus forecasts by 2% and supporting expectations that the bank could surpass its €2.6 billion target for 2026.

Looking Ahead: Ambitious Growth And Profitable Outlook

Organic loan growth reached €1.1 billion during the quarter, supporting management’s target for €3.8 billion in annual organic credit expansion. Fee income also rose 20% year-on-year, outperforming forecasts by 4%. Citigroup projects Eurobank’s net profit will reach €1.45 billion in 2026, with earnings per share of €0.40 and a dividend of €0.20 per share.

By 2028, the bank forecasts net profit of €1.76 billion alongside further improvement in profitability metrics and dividend yield. The revised projections reinforce expectations that Eurobank will continue benefiting from stronger lending activity, resilient fee income and improving operational efficiency.

Aretilaw firm
eCredo
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter