💼 Profits continue to stack up for European banks, with impressive Q4 earnings beating consensus estimates. 🚀 📈 Despite some headwinds forming, Romain Miginiac believes the sector’s profitability will remain structurally higher, and other credit metrics are still rock-solid. Read more on Romain’s outlook for Europe’s banking sector, and the opportunities for bondholders. https://ow.ly/e5gc50VaWyv #Investment #EuropeanBanks #BankEarnings #FixedIncome #Credit #CoCos #SubordinatedDebt Marketing communication. Capital at risk
Romain has been positive on the credit metrics of European banks for some time, and wrote about it late last year. https://www.gam.com/en/our-thinking/active-thinking/active-thinking-20241120.