Citi sees opportunity in European bank stocks after sell-off

cnbc.com

Citi analysts are optimistic about European bank stocks, believing a recent sell-off was overblown and a bull market will continue. They cite rising earnings estimates, a strong revenue outlook, and potential European Central Bank rate hikes as supportive factors, dismissing fears related to Middle East conflict and private credit. Citi's top picks include HSBC, NatWest, and SocGen, with upgrades for Lloyds and Deutsche Bank, while noting banks' willingness to deploy excess capital.


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Citi sees opportunity in European bank stocks after sell-off | News Minimalist