1119 GMT - European banks are more discounted than in the past, RBC Capital Markets says in a research note. The lenders trade at a 46% discount to the European market and at a 41% discount to U.S. banks, analysts write. "We expect the political/economic/regulatory uncertainty to weigh on the sector and its earnings momentum at least in the near term." Their preferred names are Barclays and Deutsche Bank--which are on their Global Financials Best Ideas list--as well as UBS, Julius Baer, BNP Paribas and OSB Group given they are less dependent on net interest income, have a U.S. focus and have tighter cost control. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 24, 2024 06:19 ET (11:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。