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August 3, 2016

iFOREX, European Banks Have Had a Volatile Year "Deutsche Bank Hits a Record Low"

Today (Wednesday) is another big day for the banking industry as several European banks including Societe Generale, ING Groep NV and UniCredit are scheduled to report results. What will they be and how will European banks perform next year?

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This article is originally referred from iForex Blog.

Yesterday, the shares of Deutsche Bank and Commerzbank fell to new record low. Both banks have not had a great year. Their shares dropped by over 43% in 2016, and they’re not alone.

Europe’s banks have been experiencing extreme volatility this eventful year, and they had to adapt, change and overcome new challenges. According to Bloomberg, since July 2015, shares of European banks lost around 40% of their value, which means over $560 billion (or, if you prefer, over half a trillion euros).

Today (Wednesday) is another big day for the banking industry as several European banks including Societe Generale, ING Groep NV and UniCredit are scheduled to report results. What will they be and how will European banks perform next year? Stay informed.

Any indication of past performance of a financial instrument is not a reliable indicator of current and/or future performance of such financial instrument.

Original Source: iForex Blog

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