0801 GMT - European wholesale banks are expected to report slower trading revenue growth than their U.S. counterparts, Citi says in a research note. This is due to regional and business mix as well as other trends affecting particular banks, the analysts say. The latter include market share losses for Deutsche Bank, negative foreign exchange translation for Barclays and writedown on asset values for UBS, the analysts write. They prefer French banks BNP Paribas and Societe Generale but note that the political risk premium is rising once again for those names. Citi cuts its rating on Barclays to neutral from buy due to its recent rally. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
July 18, 2025 04:02 ET (08:02 GMT)
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