Banks Are Unloved Everywhere, Not Just Europe
The sector isn't just unloved in Europe. Blame slow growth.
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Investors aren't too impressed with Europe's finance firms.
If you've any doubt, just look at how financials dominate the MSCI Europe Value Index – a collection of some of the cheapest stocks in Europe. Financials account for 74 of the 240 stocks in the index. The next most unloved companies are industrials, though there's only 37 of them.