1100 GMT - The best approach for European bank investors remains to have diversified portfolio exposure, UBS says in a research note. "While most new clients we meet on the banks would prefer a single top pick to own in Europe, we think a diversified portfolio is required," analysts write. For market-related gearing they advise Barclays, or Deutsche Bank at a slightly higher valuation, while ING and NatWest provide longer-duration exposure and Intesa Sanpaolo, Bawag and the Greek banks provide short-duration leverage. They like the diversification and improved capital position of Santander. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 07:01 ET (11:01 GMT)
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