Interest rates and banks stocks. What should we do?
7 Nov 2023
Over the past six months, European banks are the sector that have performed the best after energy. But in reality, banks have been outperforming for over three years (since October 2020, see chart infra), gaining about 65%1, which is an exceptional outperformance for the past 30 years, in both quantitative terms and duration terms; only over the March 2000-January 2005 period was it ...