UBS reiterated its 'overweight' stance on European banks after a strong second-quarter earnings season prompted fresh upgrades to profit forecasts across the sector. The 40 major lenders UBS tracks reported pre-tax profit around 6% above consensus, helped by better net interest income, stronger fee income and stable costs.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.