BlackRock says European companies are showing 'surprise resilience' — and better value than the U.S.
Publishing timestamp: 2023-03-07 06:48:13
Summary
BlackRock noted that European corporate earnings were surprisingly resilient in the fourth quarter of 2022 and the continent's stock outperformance of the U.S. looks set to continue. Banks and energy enjoyed bumper fourth-quarter earnings, and BlackRock believes that momentum for European banks is likely to continue. Despite resilience thus far, profit margins in 2023 may bring dispersion across sectors and within industries.
Sentiment: POSITIVE
Keywords: u.s. economy, investment strategy, wall street, energy, blackrock inc, markets, stoxx 600, banks, business news, oil and gas,