European Banks Resurge: Deutsche Bank and UBS Beat On Par With Wall Street

The European banking sector is facing a re-rating this year, led by a "higher for longer" interest rate environment that continues to enhance net interest margins across core lending books. The doubling of the EURO STOXX Banks Index in the last two years represents a substantial adjustment in investor opinion, turning European financials from a chronically punished sector into a core part of macro risk appetite. Europe’s flagship institutions, UBS Group AG (NYSE:UBS) and Deutsche Bank Aktiengesellschaft (NYSE:DB), are providing profitability on par with top-tier Wall Street investment...