Reported 4 days ago
European banking stocks have surged significantly, marking their best quarterly performance since 2020, driven by strong earnings, share buybacks, and public spending plans. The Stoxx 600 Banks Index has experienced a 25% increase this year, resulting in a substantial 160% return over the past ten quarters. Analysts anticipate continued growth amid favorable economic conditions, despite concerns about future profitability plateauing and increasing valuations.
Source: YAHOO