Ft
Ukraine hangover makes European banks look tougher than they are
Ukraine hangover makes European banks look tougher than they are
European investment banks generally do not fare well compared to their more profitable American counterparts. But the war in Ukraine makes some comparisons unfair.
Investors have been disappointed by third-quarter results released so far by Europe’s major banks, with shares collectively down more than 3% this week. This is despite the fact that most companies actually beat analysts’ profit forecasts by a decent margin.
Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
Wj