Analysis: value traps hold back European equity recovery
The prices of European banking stocks have fallen to their lowest level in more than 30 years. The banks are weighing on a further recovery of the European indices, which have too few ‘asset light’ business models.
Until 30 September, the return of the European banking index stood at -43.66%. Over the past three years, the return is -24.39% and over the past five years it’s -13.36%.