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Europe’s Bank Bulls See More Upside After 21% Quarterly Gain

Europe’s Bank Bulls See More Upside After 21% Quarterly Gain
Bloomberg Markets Wednesday 01 July 2026, 06:03 UTC By Macarena Munoz Montijano 1 min read
Key Points

Europe’s Bank Bulls See More Upside After 21% Quarterly Gain Following a stellar second-quarter rally for European banks, investors expect one of the region’s hottest equity trades to keep delivering. Lenders from the UK to Austria have benefited from the Middle East ceasefire, higher interest rates, bets that artificial intelligence will boost efficiency, and renewed deal talks in Italy. The Stoxx 600 Banks Index gained 21% in the quarter, making it Europe’s second-best performing sector...

Europe’s Bank Bulls See More Upside After 21% Quarterly Gain Following a stellar second-quarter rally for European banks, investors expect one of the region’s hottest equity trades to keep delivering. Lenders from the UK to Austria have benefited from the Middle East ceasefire, higher interest rates, bets that artificial intelligence will boost efficiency, and renewed deal talks in Italy. The Stoxx 600 Banks Index gained 21% in the quarter, making it Europe’s second-best performing sector after technology.
Europe (LOCATION) Bank Bulls See More Upside (ORG) Quarterly Gain Europe’s (EVENT) Quarterly Gain (EVENT) European (ORG) UK (LOCATION) Austria (LOCATION) the Middle East (LOCATION) Italy (LOCATION)
Originally published by Bloomberg Markets Read original →

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