Last week, the sentiment for banks in Europe jumped from a highly negative value of -51 to a neutral level of -3. This massive boost was mainly driven by Denizbank Bank A/S and Banca Ifis.
Banca Ifis reported a net profit of EUR 68.3 million and a net banking income of EUR 279.2 million for the first half of 2019. Meanwhile, Emirates NBD completed its purchase of Turkey’s Denizbank from Russia’s Sberbank, contributing to Denizban’s positive sentiment score of 62.
Meanwhile, the sentiment of the Home Improvement Stores industry decreased significantly from 5 to a negative score of -49. Lowe’s Companies was amongst the companies with the biggest drops in sentiment as the company announced to cut U.S. store jobs affecting thousands of employees. Following Lowe’s Companies, Fiskars Oyi registered a drop of 14 points in sentiment. The company recently released its earnings report, which saw a decrease in net sales of 2.8% resulting in EUR 265.1 million.
1 Companies that contributed most to last week’s industry sentiment change.
2 Top trending event related to the respective company.
3 Weekly aggregated company sentiment score (ranging from -100 to +100).
4 Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).
*Industry name and classification as per Morning Star
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