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Seth Golden posted an update 4 years, 9 months ago
Barclays on the banks: Banks had a tough time ytd but have performed better recently along with the broader Value space. The stabilisation in Eurozone PMI and bond yields is helpful, as is the compression in spreads. Combined with depressed valuations and bearish positioning, it could lead to further short-covering, but we advise not to get carried away. Banks still face many structural headwinds and we remain MW on the sector.