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Stock impact report

European Banks Are On Longest Winning Streak Since Before Crisis [Yahoo! Finance]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Yahoo! Finance
(Bloomberg) -- Higher interest rates have done wonders for European banking stocks, which are on their longest winning run since before the global financial crisis of 2008. Most Read from Bloomberg A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Trump Media's Business Doesn't Matter Erdogan Suffers Historic Loss in Turkey Municipal Elections Caribbean Golden Passport Cost Soars to $200,000 on EU Crackdown Trump Pays $175 Million Bond to Avert Asset Seizure Europe's Stoxx 600 Banks Index notched a 13% gain in the first quarter, and has risen for six straight quarters for the first time since 2006. Italian and Spanish lenders such as UniCredit SpA and Banco Bilbao Vizcaya Argentaria SA have led advances. Higher dividends and buybacks, as well as increased earnings, have underpinned the sector, offsetting concerns over future rate cuts. And with forward price-to-earnings multiples still about 50% below those of the broader market, some investors say Show less Read more
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