Morgan Stanley: 100% of the sector has beaten NII so far, still a clear buy. Álvaro Serrano (analyst) highlights another quarter of solid results from European banks with 100% beating NII (rising rates and lower deposit betas) and contained credit risk. That said, the good results and the lack of growth in RWAs allowed banks to boost shareholder distributions with several of them (CABK, DBK, HSBC, BARC…) announcing new buyback…Read More
Ryanair’s share price rose 85% in the period between the Brexit vote and August 2017. But over the last few months, it has seen falls which have brought it close to the minimum levels reached immediately after Brexit.