European shares rose on Wednesday after three days of falls, as deal-making acti...
Banks .SX7P overturned earlier losses to rise 0.3% as a sharp rise in net profit at Italian lender Banco BPM put its shares on track for their best day in over a month.
FILE PHOTO - The German share prize index DAX board is reflected in a glass facade in Frankfurt, Germany, January 15, 2019. REUTERS/Kai Pfaffenbach Italy’s biggest bank, UniCredit , however, lagged after it cut its revenue target for 2019 due to expectations interest rates would remain lower for longer.
Germany’s Commerzbank fell almost 4% after it said its target of a slight increase in full-year net profit had become “significantly more ambitious.” Investors also punished Dutch lender ABN Amro for its comments on weaker margins, sending shares to their lowest in three years.Our Standards:
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