📝EU Bank Stocks Attractive At Current Valuation Levels: Credit Suisse

European bank stocks look attractive at their current valuation levels/ and interest-rate hikes offer upside. Despite the war in Ukraine/ the European Central Bank should raise rates once in 2022 and twice in 2023. This should be particularly beneficial for domestic banks in Spain, more so than Italian ones, replacing Lin'Credit with CaixaBank on top-five list of stock picks. See strong capital returns as another sector strength. Other sector top picks are Lloyds/ UBS, BNP Paribas and Société Générale. - Credit Suisse Strategy