Banks accounted for 20% of the European market cap on the eve of the Global Financial Crisis. It took 14 years of slippage to see this figure seemingly bottom out at 7.5%. Banks are defined as 40 European banks, a stable lot, compared with 550 large issuers with a combined market cap of €11Tn.
In our latest sector study on the banking sector entitled “Navigating the energy transition period”, we elaborate on the sector and stocks’ likely behaviour should…
[dropcap]B[/dropcap]anks have over-performed the market over the past two years, recovering a portion of the ground lost during the first half of 2016 on overdone…