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SQN Swissquote Holding SA News Story

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FinancialsBalancedLarge CapMomentum Trap

BofA bullish on European finance platforms, 'buy' on flatexDEGIRO and FinecoBank

** Bank of America keeps a positive outlook on European finance platforms, citing "structural and cyclical tailwinds" in a sector note, with Germany's flatexDEGIRO FTKn.DE as top stock pick

** The brokerage sees AI fears as "significantly overdone," and expects recent momentum in trading activity and rising interest rates to continue

** It ups FinecoBank FBK.MI to "buy," seeing the Italian bank as the greatest beneficiary of a rising rate environment, given the strong net interest income (NII) contribution to revenue

** It downgrades Swissquote SQN.S to "neutral" on the lack of a short‑term catalysts boosting share price, fewer NII benefits and falling valuations of competitors

** The brokerage reaffirms its "neutral" rating for Avanza AVANZ.ST and "underperform" for Nordnet SAVE.ST, but raises Nordnet's PT on "robust volumes and strong exposure to NII"

COMPANYRATINGOLD RATINGPTOLD PT
flatexDEGIRO FTKn.DEBuyunchangedEUR 48.0EUR 44.5
FinecoBank FBK.MIBuyNeutralEUR 25.7EUR 22.5
Swissquote SQN.SNeutralBuyCHF 490CHF 554
Avanza AVANZ.STNeutralunchangedSEK 390unchanged
Nordnet SAVE.STUnderperformunchangedSEK 315SEK 265
(Reporting by Mirko Miorelli) ((Mirko.Miorelli@thomsonreuters.com))

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