INVESTMENT FOCUS-Bashed-in bank stocks get another look as climate improves

The sector has underperformed the broader European stock market since late last year, despite the introduction of an unprecedented bond-buying scheme from the European Central Bank in January that had been expected to boost bank stocks as the scheme's positive impact trickled through to the wider economy. Banco Sabadell's shares jumped 6 percent. Morgan Stanley (Xetra: 885836 - news) and Goldman Sachs (NYSE: GS-PB - news) said revenue rose 15 percent and 10 percent respectively year on year, bod