Credit Suisse Raises European Banks to Overweight, Still Prefers U.S. Banks
July 26, 2013 at 07:34 AM EDT
Credit Suisse has upgraded European banks to overweight from benchmark this morning as they see clear signs of macro improvement in the Euro area, attractive valuations, falling provisions (which will boost earnings), and possible a surprise from the ECB. They like HSBC (NYSE: HBC ) and Deutsche Bank (NYSE:
