European Banks Have Best Quarterly Streak Since Financial Crisis

The Deutsche Bank AG headquarters in the financial district of Frankfurt.Photographer: Alex Kraus/Bloomberg
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The rally in European banking stocks shows few signs of cooling down after another stellar quarter.

The Stoxx 600 Banks Index has surged 25% this year, its best three months since 2020. That’s made it the top-performing sector in Europe by far as investors keep increasing their exposure, and strategists see more gains ahead.