Eurozone banks saw average gain of 21.17% in Q2, strong performance expected in Q3

From Morningstar: 2024-07-22 11:12:00

second quarter earnings season underway, many eyes are on the big eurozone banks. First-quarter results saw an average gain of 21.17% in banking stocks, outperforming the rest of the market. Lower interest rates may cause some concern, but strong non-interest income and solid asset quality should help mitigate risks. Italian banks like Unicredit and Intesa Sanpaolo are in focus, expected to confirm solid performance. Despite high public debt, Eurozone banks continue to show promise.



Read more at Morningstar: Can Eurozone Banks Continue Their Rally in Q3?