European Banks Daily 10 June 2026

Research evidence excerpt

European Banks Daily 10 June 2026

J P M O R G A N Europe Equity Research

10 June 2026

European Banks Daily

Daily Valuation Sheet | Banks Analyser & Global Banks and Fintech Valuation European Banks

ACWeekly sheet | European Banks 2026 Outlook - PODCAST Kian Abouhossein

(44-20) 7134-4575

Research kian.abouhossein@jpmorgan.com

J.P. Morgan Securities plc

EMEA

Specialist Sales contact details:

Gigi Sparling - Specialist Sales -

Investment Companies Daily:Alternative Outlook & Strategy, SSIT ICEYE European Financials

uplift, BPCR new investment, LTIT/FCSS final results, MTE/BRLA tenders (44-20) 7134-0355

Christopher Brown (44-20) 7134-4722 ghislaine.sparling@jpmorgan.com

Alternative Investments Outlook & Strategy (Panigirtzoglou et al) - Within

alternatives we only overweight hedge funds and private infrastructure - With

private assets continuing to underperform their publicly traded counterparts for a

fourth year in a row in 2026, the share of alternatives in the total asset universe held

by non-bank investors drifted even lower this year to levels last seen a decade ago.

While fundraising had improved last year, the YTD pace looks rather disappointing,

more than reversing last year’s improvement.

America

Pinnacle Financial Partners:Management Meeting: We Would Buy The Dip as

Hiring and Loan Growth Has Accelerated So Far In 2Q26; OW

Anthony Elian, CFA (1-212) 622-5067

We recently hosted a group dinner with President and CEO Kevin Blair and CFO

Jamie Gregory, which followed the company publishing a slide deck with 2Q26

guidance and expectations for the full year 2026 outlook, which was reiterated. The

key topics that were addressed include (1) the pace of revenue producer hires remains

strong with no “frontloading” occurring in 2Q26 and (2) loan growth also remains

strong.