Market values of European and Spanish banks: Contraction and recovery against the backdrop of COVID-19
Fecha: mayo 2021
Ángel Berges, Fernando Rojas, Diego Aires
Financial situation, COVID-19
SEFO, Spanish and International Economic & Financial Outlook, V. 10 N.º 3 (may 2021)
European and Spanish banks’ share prices took a significant hit during the worst periods of the COVID-19 crisis, only to outperform other stocks once a recovery took hold. Interestingly, banks’ CoCo bonds performed even better, registering a smaller contraction and a stronger rebound.