The Stoxx Europe 600 Banks index, a group of 42 big European banks, climbed 21% between the start of the year and late February — when it hit a five-year high — outperforming its broader benchmark index, the Euro Stoxx 600\n \n . The KBW Bank Index, which tracks 24 leading US banks, has risen by a more modest 4% so far this year, slightly outpacing the broader S&P 500\n \n . Both bank-specific indexes have surged since lows hit last fall. The economic picture is far less rosy.
For example, the average dividend yield for bank stocks in Europe — the amount of money a company pays its shareholders every year as a proportion of its share price — is now around 7%, said Ciaran Callaghan, head of European equity research at Amundi, a French asset management firm. By comparison, the dividend yield for the S&P 500 currently stands at 2.1%, and for the Euro Stoxx 600 at 3.3%, according to Refinitiv data.
Thanks To Liberal Lunacy.
CNN just can't stop with the recession talk. Reminder, there is zero evidence of a recession in the US in the immediate future.
The democrat XI apologists tried turning the covid hearing into a blm/jan6 event. True scum, happy about over a million American murders by China
CNN - save the Nazi run Banks.