Italian Bank Earnings To Drop 45% Q/Q: Societe Generale
Italian banks are expected to post aggregate earnings of €457 million this quarter, down 45 percent from Q1 according to Carlos Tommaselli and Dominic Watt at Societe Generale SA (OTCMKTS:SCGLY), though the sector is still doing considerably better than last year when Italian banks posted an aggregate loss of €1 billion.
Italian banks continue to go through the deleveraging process, and total loans are expected to drop slightly, about 0.4 percent from . . .
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