** 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"
COMPANY
RATING
OLD RATING
PT
OLD PT
flatexDEGIRO FTKn.DE
Buy
unchanged
EUR 48.0
EUR 44.5
FinecoBank FBK.MI
Buy
Neutral
EUR 25.7
EUR 22.5
Swissquote SQN.S
Neutral
Buy
CHF 490
CHF 554
Avanza AVANZ.ST
Neutral
unchanged
SEK 390
unchanged
Nordnet SAVE.ST
Underperform
unchanged
SEK 315
SEK 265
(Reporting by Mirko Miorelli)
((Mirko.Miorelli@thomsonreuters.com))