Home Business Worth investor David Herro sees huge upside potential for European banks

Worth investor David Herro sees huge upside potential for European banks

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A European Union (EU) flies alongside a British Union flag, often known as a Union Jack in London.

Jason Alden | Bloomberg Inventive Pictures | Getty Pictures

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Worth investor David Herro advised CNBC on Tuesday he sees huge upside potential in 2021 for European financial institution shares, citing geopolitical readability and an financial restoration from the coronavirus pandemic.

“After a decade of capital construct and sluggish progress, I believe the elements which have harm this sector prior to now at the moment are, lastly, switching from headwinds to tail winds,” mentioned Herro, chief investment officer for international equity at Harris Associates.