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The decline since the onset of the Iran conflict in late February has widened to nearly 4 percent.
The Stoxx Europe 600 Banks index's decline since the Iran conflict began is now nearly 4 percent.
KEY POINTS
- Citigroup's Andrew Coombs notes European bank earnings forecasts are still rising, unlike most sectors.
- Coombs upgraded Deutsche Bank to 'Neutral,' removing his previous sell recommendation.
- Markets now expect two ECB rate hikes this year, which should boost banks' net interest income.
- Artificial Intelligence is seen as a potential driver for cost reduction and productivity in banks.
COMPANIES
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