European banks cut to neutral from overweight: KBW

Discussion in 'Stocks' started by ASusilovic, Jan 7, 2010.

  1. MADRID (MarketWatch) -- The European banking sector was downgraded to neutral from overweight on Thursday at Keefe, Bruyette & Woods, which said it sees few catalysts to limited growth opportunities in 2010 for the sector, except for emerging-market exposure and bigger capital market banks. Fundamentals, as well, are looking less favorable than they were three months ago, with jitters on central bank exit strategies for one