European banks: Resurrection

George Barrow, Fund Manager of the Polar Capital Global Financials Trust, explores European banks’ revival in relative performance, citing a more stable regulatory landscape and shifting monetary policy as the main catalysts of their step-change in profitability.

George also explains how banks’ current valuations do not reflect the change in the sector’s risk and earnings profile and believes that the strong relative performance is set to continue, providing and attractive risk/reward for shareholders in the medium term.

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