- Barclays investors cheer strong start to strategy revamp
- Deutsche Bank posts jump in fixed income, ahead of US peers
Europe’s biggest investment banks delivered further evidence that as the boost from rising interest rates fizzles out, investors can find solace in the fact that there’s signs of life in capital markets.
Barclays Plc shares rose about 6% in morning trading, with shareholders cheering an equities trading surge that helped cement a solid start to its three-year strategy revamp. Equities also lifted revenue at French rival BNP Paribas SA, along with cost cuts. At Deutsche Bank AG, meanwhile, sagging earnings at the corporate and retail bank were offset by strong fixed-income trading.
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