Big banks in Asia look set to jump “” and these stocks may leap the most

Big banks in Asia look set to jump “” and these stocks may leap the most

A pedestrian looks at an electronic quotation board showing numbers of the Nikkei 225 index in Tokyo on September 11, 2020.

Big banks in Asia are poised for a comeback as the global economy recovers.

Share prices of some major banks have soared “” some by more than 30% this year, and estimates from data analytics firm Refinitiv show further upside.

Banks are among the so-called cyclical stocks that rise and fall as the economy rises or falls. They dropped out of favor over the past year as Covid-19 hit global growth, and as falling interest rates squeezed their margins.

Here are the major Asian banking stocks “” those with a market capitalization of above $10 billion “” that have the most room to run, according to Refinitiv.