1053 GMT - European banks have strong fundamentals and are set to continue outperforming, J.P.Morgan says in a research note. "We enter 2026 with a continued and reconfirmed positive view on European banks operating in a 'perfect' environment," analysts write. They attribute this to strong profit growth and a solid macroeconomic outlook with stable rates, inflation and unemployment. The broker still prefers European banks over their U.S. counterparts. JPM's top portfolio picks continue to include Barclays, NatWest, Deutsche Bank and Societe Generale, to which CaixaBank, Standard Chartered and Erste are added. The Stoxx 600 banking subindex has gained 56% year to date. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
December 02, 2025 05:53 ET (10:53 GMT)
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