European banks

Brexit Impact: Goldman Trims Estimates For U.K., European Banks

Following the Brexit referendum result, analysts at Goldman Sachs have trimmed their net income estimates for European banks by €32 billion and for U.K. banks by €10 billion for the cumulative period of 2016-18E. Jernej Omahen and colleagues published their June 28 research piece on European Banks after factoring in GS economists’ post-Brexit macro scenarios.
GS cuts U.K. real GDP estimate significantly
Close on the heels of the Brexit referendum, GS economists revised down their expectations for U.K. real GDP substantially by 1.8 . . .

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