MARKET TALK: Evo Sees Possible Turning Point For Bank Stocks

28th Jul 2010 09:07

0807 GMT [Dow Jones] Evolution Securities notes the broadly reassuring stress test results and a substantial Basel U-turn on some key capital and liquidity proposals and says this could represent a turning point for fund managers to consider rebuilding their European bank positions. Notes capital and funding have been the two key concerns that have kept most investors underweight European banks for years. Brokerage reiterates its core buy ideas as Banco Santander (STD), Lloyds Banking Group (LLOY.LN), BNP Paribas (BNP.FR), Banco Bilbao Vizcaya Argentaria (BBVA.MC) and Standard Chartered (STAN.LN) and Royal Bank of Scotland (RBS.LN). ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 04:07 ET (08:07 GMT)