UBS, Deutsche Bank to Show If Europe Banks Matched Wall Street
- Four of biggest securities firms report in the coming days
- Trading has helped offset bad loan provisions in pandemic
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European lenders are about to show investors if they can ride the pandemic-induced wave of investment banking revenue that propelled U.S. peers to a record quarter.
While Credit Suisse Group AG kicked off Europe’s bank earnings season on Thursday, its gains in trading and advising on deals were a sideshow given blow-ups related to Greensill Capital and Archegos Capital Management. This week, four of the biggest securities firms are up.