The whole concept of the second derivative trade is to benefit from specific news or asset moves that could impact one company’s activity (positively or negatively) and where we think it as not been priced by the market yet. Already we have the (1rst) beauty of the 2nd derivative trade: it will generate long and […]
Archives for October 2019
European Banks: is there any hope here?
Banks Snapshot October 2019
$DB Deutsche bank and $CBK underperformed massively last month vs Italian and Spanish banks. $GLE Societe Generale: another one to monitor. $HSBA HSBC holding well despite noise. $JPM around 1.5x P/B vs range 0.8 to 1.2x. I hope it helps, Gregoire