'The biggest contrarian trade': Should investors continue to shun banks?

Andrew Koch of Legal & General

Andrew Koch of Legal & General

Let us be clear: banks remain a big contrarian trade for European investors, even more so than autos.

The banking sector is the worst-performing industry in 2018 and, in the words of Citi strategist Jonathan Stubbs, banks are "at the bottom of 297 global sectors over the past ten years. Banks in Europe...

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