Ashok Shah, director of asset management company London & Capital, believes that bond-buying will also benefit banks as the amount of defaults and bankruptcies reduce.
"Buying globally systemic European banks and also national champions is a good strategy," he said.
Christoph Riniker, the head of strategy research at Julius Baer, is another market insider who is "overweight" financials in this environment, and advocates buying stocks like Italy's Unicredit, France's BNP Paribas, Societe Generale and Axa.
Gemma Godfrey, the founder and CEO at wealth manager Moo.la, agrees, telling CNBC that European banks will benefit short term as, post-restructuring, cheap loans - aided by the central bank's stimulus - will flow to the bottom line.
Correction: This article has been updated to reflect that David Bloom at HSBC expects the euro to climb further over the coming months.
Disclaimer: Patrick Armstrong's Plurimi Investment Managers fund owns shares of Siemens, Philips, BMW and Airbus.
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