JPMorgan , Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week.
"If U.S. banks get the expected policy support, they could ramp up loan volumes and optimize capital in ways that Europe's banks just can't match right now," Materazzi said.
Since early 2010, European banking shares have fallen 10%, while U.S. lenders have more than tripled.
The European Central Bank has estimated that euro zone banks' return on equity fluctuates around 5%, against 10% in the U.S., linking it to higher U.S. fee income and legacy non-performing loans with which European banks still grapple.
A wave of deregulation should give European banks some leverage to lobby for easing the rules in Europe, which are already more onerous, one banking executive told Reuters.
Persons:
Boris Roessler, Donald Trump, Goldman Sachs, Morgan Stanley, David Materazzi, Materazzi, Karin Keller, Sutter, Rachel Reeves, Trump
Organizations:
Getty, JPMorgan, Galileo, European Central Bank, Trump . Swiss, Reuters, The
Locations:
Frankfurt, U.S, Britain, Basel, Italy, USA, Europe, The U.S