Archive | January, 2017

The Bargain in European Banks

fdb974ed5e104adaabf0ac959ac7b9f5

Over the last month, the average European bank has outperformed the broad developed market by about 7%, with more than half of them registering double-digit relative outperformance. Meanwhile, all but three of these Financials sector stocks currently trade at a significant discount to the P/BV of the broader market– in some cases, up to 90%. The […]