Why euro banks are undervalued. 16 April 2023

In this episode, I tell you why higher interest rates will make 2023 the most profitable year ever for euro banks.
If you're listening to this in 2024, I predict on 16 April 2023 that:
1) some banks are trading at less than 4 times their 2023 profit
2) SocGen will make a profit in France (according to the country-by-country report)
3) Irish banks AIB and Bank of Ireland will double their annual profit (i.e. 2023 profit vs 2022 profit)
4) 2023 will be the most profitable year ever (measured in return on equity monitored by EBA)
Links discussed in this episode:
Euro area statistics: www.euro-area-...
EBA risk dashboard: www.eba.europa...