European banks strong run faces major test with earnings By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
European
banks run of soaring profits and record shareholder payouts
faces a big test this week when investors assess how fast the
boost from higher interest rates is fading, and if a weak
economic.
European banks' run of soaring profits and record shareholder payouts faces a big test this week when investors assess how fast the boost from higher interest rates is fading, and if a weak economic outlook will make life tougher. The STOXX Europe 600 banks index hit its highest since mid-2018 this month, propelled by a recovery in profitability thanks to higher rates, record shareholder payouts and little provisioning for bad loans. Retail-focused lenders which earn most of their money from the difference between loan income and deposit costs have benefited most from rising rates, but bigger, diversified banks such as Deutsche and BNP Paribas have also seen profits.
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