Euro zone banks see investment banking boost but outlook stalls shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 24 2024
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Source: Yahoo Finance
Earnings Performance: Major euro zone banks exceeded second quarter earnings expectations due to high interest rates and strong investment banking performance, although concerns about profit sustainability affected their stock prices. Deutsche Bank reported a quarterly loss while BNP Paribas and Santander posted record profits.
Investment Banking Trends: Investment banking divisions at BNP Paribas and Deutsche Bank showed strong results, helping to offset weaknesses in other areas, but overall performance lagged behind U.S. banks amid subdued European capital markets activity.
Analyst Views on DZZ
Wall Street analysts forecast DZZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DZZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 3.350
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Current: 3.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
