European banks have largely reported a weak set of earnings for the fourth quarter so far and banking stocks have tumbled amid concerns over market volatility and the bad loan portfolios of Italian banks.
But some market experts believe the selling is overdone and argue there are pockets of value for the discerning investor.
Earlier this week, shares in the Swiss bank UBS tumbled when its earnings revealed profits in its wealth-management business hadslumped by some 40 percent in the last quarter of 2015. Its share price closed 6.83 percent lower on Tuesday.
On Thursday, Credit Suisse posted a pre-tax loss of 2.4 billion Swiss francs for the fourth quarter.