Bank valuations could rise by $7 trillion in five years, study finds

Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report on Monday.

Lenders could roughly double their current valuations if they pursue growth and improved price-to-book ratios despite obstacles, the consultant said.

„The largest driver of pessimism about the banking sector has been the significant drop in profitability,” BGC said.