Markets Showing Strong Optimism For Spanish Banks
Spanish banks are up between 34 – 63% since the summer, outperforming the rest of the periphery, and the market seems to pricing in a lot of optimism even though Spanish banks still have weak loan growth and a high level of non-performing loans. But this optimism comes from making some fairly strong assumptions about next year’s performance, says Citi analyst Stefan Nedialkov.
Spanish banks performance
“Spanish banks are up 34-63%,
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