What US Bank Earnings Tell US About European Banks

Reflecting U.S. banks’ strong performance in the recent quarter, Citi analysts feel equity-biased European franchises should outperform. In their equities coverage, Kinner Lakhani and the team at Citi predict European banks, particularly Credit Suisse Group AG (ADR) (NYSE:CS), Societe Generale SA (ADR) (OTCMKTS:SCGLY) (EPA:GLE) and UBS AG (NYSE:UBS) will mirror the strong performance posted by U.S. wholesale banks’ performance on the equities front. Strong equity trading Recently, Deutsche bank analysts reviewed the third quarter results of the top five market-sensitive banks / brokers and concluded Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), and Morgan Stanley…