Should Investors Give European Banks a Second Chance?
Banco Bilbao Vizcaya Argentaria SA, Standard Chartered Plc and BNP Paribas SA are among bank stocks worth snapping up, given that European lenders have never traded so cheap relative to their U.S. peers, according to Citigroup Inc. Bank risks in Europe appear to be more specific to companies than systemic, Citigroup analysts including Jonathan Stubbs said in a report dated Oct. 5, moving their recommendation to overweight from neutral. European banks are still struggling with tougher regulatory requirements and sputtering economic growth, while negative interest rates are squeezing lending margins and crimping investment returns. HSBC Global Research European Economist Fabio Balboni discusses the outlook for Europe's banks with Anna Edwards on "The Pulse."
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