Citi says "time to buy" European banks



Oct 6 Citi analysts upgraded their recommendation on Europe's beleaguered banks to "overweight" within regional portfolios, citing signs of improvement in the credit cycle and loan growth as well as cheap relative valuations.
Citi acknowledged headwinds facing the sector such as pressure on profits from ultra-low interest rates, regulatory costs and potential dilution, but added it saw negative risks as being more on selective, individual banks rather than being system-wide.
European banks are trading at their cheapest relative to U.S. peers, Citi said, with stocks priced for... read more

 
6 October 2016 in World News, Views: 36
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31