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JPMorgan a fan of European investment banks

Jan. 09, 2014 11:54 AM ETUBS Group AG (UBS) StockUBS, DB, BCSBy: Stephen Alpher, SA News Editor
  • "We continue to see lot of regulatory headwinds for (investment banks) but this is more than discounted in valuations in our view," says JPMorgan's Kian Abouhossein. He and his are overweight the European investment banks, with Buy ratings on UBS, Deutsche Bank (DB -0.2%), and Barclays (BCS -0.1%).
  • "We believe the recent underperformance of UBS provides an attractive entry point to investors," says Abouhossein, noting the Swiss lender remains the best capitalized wholesale bank.

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