As we noted in a blog earlier this week European analysts currently see the Banks sector as delivering the strongest growth in corporate earnings in 2013. This follows a fall in bank profits of nearly 19% this year. Banks are expected to deliver 28% profit growth in 2013 compared with the forecast of 12% growth for market earnings1. Given that this time last year the same analysts were forecasting 21% growth in bank profits for 2012 (which has since been proven to be 39% too high) it would be easy…
‘Banks: Europe’s highest growth sector?’
Posted by Barry Norris