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BUZZ-I-banks: over to Europe

Tue, 21st Jul 2015 06:25

** With major US investment banks' quarterly results out ofthe way focus shifts to European peers which will report Q2results over the next 10 days

** Broad trends seen among US banks -- weak to sluggish FICCand IB revenue offsetting strong equities revenue -- expected torepeat in Europe, Goldman Sachs says

** Beyond results, strategy will be sharply in focus as 3major European banks (Credit Suisse, Deutsche Bank and Barclays)have seen CEO changes in the past month

** Goldman says announcements on strategy are expected fromCredit Suisse and Deutsche Bank for Q3/Q4 while Barclays hasindicated in media that it may outline measures along withinterim results

** The UK bank remains Goldman's best idea among EuropeanIBs while "neutral" rated Deutsche is its least preferred (RM: vikram.subhedar.thomsonreuters.com@reuters.net)

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