UPDATE: Rogers (ROG) Tops Q1 EPS by 9c, Revenues Beat; Offers 2Q EPS/Revenues Mid-Point Guidance Above Consensus
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European stocks rise on bank rally; Wirecard shares crash
April 28, 2020 3:39 AM EDTBy Sruthi Shankar and Susan Mathew
(Reuters) - A rally in banking shares helped European shares end at seven-week highs on Tuesday, with further optimism kindled by signs that several economies were starting to ease coronavirus-driven lockdowns. The pan-European STOXX 600 closed up 1.7% on largely broad-based gains.
A 40% jump in first-quarter profit for UBS , the world's largest wealth manager, and a 4.2% in Spain's Santander (NYSE: SAN) despite an 82% slump in quarterly net profit lifted Europe's battered banking sector to its highest point in two weeks.
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