Why it is moving
Leading investment banks completed the first half with better-than-expected results, leading to a positive reassessment from the analyst community about the potential for this success to broaden.
Driver data is partial
Some drivers have no confirmed source evidence yet, read those as context, not confirmation.
Main drivers
Strong profits from the US financial services sector
No confirmed source evidence yet.
Potential for success to spread to European financial institutions
No confirmed source evidence yet.
Valuation upgrades from analysts for financial firms
No confirmed source evidence yet.
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