A strategy team at AB Bernstein, the equity research arm of $483 billion US investment giant AllianceBernstein, has admitted that its bullish calls on the European banking sector have so far been “wrong” – but it is holding firm.
Since beginning sector coverage in November 2015 - the firm had until then only carried out stock-specific research - AB Bernstein's European equity strategy team has recommended being overweight the European banking sector.
