SocGen recommends overweighting the European banking sector, saying the fears surrounding it are...

|By:, SA News Editor

SocGen recommends overweighting the European banking sector, saying the fears surrounding it are overdone. The firm notes that current valuations are discounting a worst-case scenario, and leave significant upside potential if fears prove excessive. Some of its top picks include: Barclays (BCS +8%), Lloyds (LYG +2.3%), Royal Bank of Scotland (RBS +3.8%)