Citigroup 1月10日长篇，116页。
　    Most Unloved Sector at Earnings Turning Point - European Banks are the worst performer over the past decade among the 285 sectors/regions that Citi track globally.Most of the post 2007 bank stock underperformance is justified by relative earnings underperformance.But there may be light at the end of the tunnel.Consensus earnings revisions have turned positive and looking ahead we expect to see 13-14% YoY underlying growth in sector earnings in 2017 and 2018.