European Banks Came Up Trumps in 2013, Look Good For 2014: Citi

Nowhere is the sea change in Europe more visible than in the performance of its banking sector.

During 2013, the four best-performing banking sectors, based on their stock performance, and tracked by Citi, came out of Europe.

This is how banking sectors stacked up globally (the ten best and worst) based on USD:

However, Japan and Argentina topped the charts when measured in local currency.

The bottom of the heap in 2013

Currency turmoil and political upheavals dogged the performance of banks in India, Thailand and Turkey which came in as the worst-performing sectors, whether measured in USD or local currency.

European banks region-wise performance – last twelve months

Measured in local...