[EARNINGS PREVIEW] UniCredit and Santander to kick off European Bank earnings.
Newsquawk ·
UniCredit to report Q2 and H1’26 earnings on Wednesday 22nd BMO (commonly at 06:00BST) Santander to report Q2’26 earnings on Wednesday 22nd BMO (typically at 05:45BST) Overview: European banks have outperformed the broader STOXX 600 YTD, printing gains of around 15% against the STOXX 600’s 8% gains. In terms of the broader sector performance, Banks is the fourth-ranking sector, behind Energy, Utilities and Technology. This is understandable given the Middle East conflict driving flows into defensive names, while Tech has been supported by AI demand. Over in the US, many of the big banks reported strong Q2 earnings, with EPS and revenue beats across the board. Equity trading helped boost revenues, but efficiency rates and ROE also improved across the board. This could be a sign of positive European bank earnings. Analysts see continued positive momentum for European banks, driven by: 1) Continued NII growth given higher interest rates, 2) non-NII revenue boosted by fees generated by inv
AI 시장 분석
Attention is focused on European bank stocks ahead of the Q2 earnings releases of UniCredit and Santander. This year, European bank stocks have shown a solid trend, recording a gain of about 15%, outperforming the STOXX 600 index's 8% rise. Strong earnings and a good performance in the equity trading sector by major U.S. banks are raising expectations for positive results from European banks. Investors should closely monitor the sustainability of net interest income (NII) due to high interest rates and the trend of fee-based non-interest income.
상승 영향
- Banks — Expectations for Q2 earnings of European banks are high due to increased net interest income (NII) from prolonged high interest rates and a favorable tailwind from strong earnings by major U.S. banks.
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