Banks across the globe have been undertaking restructuring efforts to focus more on core operations. While these efforts will be fruitful in the long run, they have resulted in higher costs, hurting banks bottom-line growth. Moreover, the uneven economic recovery in developed and emerging nations is expected to hurt revenue growth for the companies within the Zacks Foreign Banks Industry.
Despite the above-mentioned challenges and other geopolitical concerns, industry players like Mitsubishi UFJ Financial Group, Inc. MUFG, ICICI Bank Limited IBN and UBS Group AG UBS are well-poised to benefit amid the high interest rate environment.
About the Industry
The Zacks Foreign Banks Industry consists of overseas banks with operations in the Uni…
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