Are bank stocks really too cheap to ignore?
Even as a cheap option on a better than expected economic recovery in 2021, only the brave would buy European bank stocks right now.
Most equity investors have turned their backs on European banks since Covid arrived in Italy. They are one of the most under-owned and poorly performing sectors of this most volatile year for global equity.
The SX7P index, which comprises the leading 38 banks from the Stoxx Europe 600 index, hit a year to date high of 148.83