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EBAday 2021: Payments innovation and the benefits cascading down the waterfall model
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European banks: Q1 full house is no winning hand just yet
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European banks: Q1 full house is no winning hand just yet
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LONDON (Reuters) -European banks’ first-quarter earnings have surpassed all expectations in a turnaround from the COVID-19 doldrums of a year ago, yet after a decade of travails more than one season may be needed to win over sceptics.
FILE PHOTO: The European Central Bank (ECB) and the skyline with its financial district are photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, April 13, 2021. REUTERS/Kai Pfaffenbach
European bank shares are up 25% already this year, more than double the gains of the underlying STOXX 600 index. Since November, when President Joe Biden won U.S. elections with pledges for big-time spending, the sector has rallied some 66%.
European banks: Q1 full house is no winning hand just yet - Netscape Money & Business
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