Investors on both sides of the Atlantic are increasingly watchful, questioning whether interest income improvements are sustainable.
Credit spreads, which are often correlated with equity performance, have also remained above historic levels versus comparably rated corporate issuers.
Deep Dive: Undervalued UK banks set for potential 2024 turnaround
It feels like banks must deliver perfection in order to see sustained stock market performance and, in an accident-prone sector, perfection is hard to come by.
Bondholders should take a different view.
The dominance of banks w…
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