European financial stocks are rallying hard today, helped by strong earnings and balance sheet data reported by Deutsche Bank (DB) and UBS (UBS), plus arguably some relief post-European stress tests.
It’s a very bad day for anyone betting against European financials.
Given that many of these major European banks have U.S.-listed ADR shares, keep an eye on the European financial space today in the U.S. as well. We’ve included ADR tickers:
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