Lloyds Banking Group PLC (LSE:LLOY) and NatWest Group PLC (LSE:NWG) are among the European top picks of the investment research team at Barclays following fourth-quarter and full-year results from the sector.
Both are rated 'overweight' with Lloyds valued at 65p a share and NatWest 330p.
Barclays research provided this far-from-illuminating insight: "We remain positive on European banks after Q4 results. Banks that delivered positive messages (leading to confirmation or small upgrades in EPS) generally re-rated (or vice versa)." Way to go Mystic Meg.
In early afternoon trading, Lloyds shares were up just under 1% at 46.3p, while NatWest was ahead 1.5% at 234.7p.