1Q European bank earnings show strong growth despite higher interest rates and potential rate cuts.

European banks' 1Q earnings reveal the impact of higher interest rates on profits amid a year-long share rally. Lloyds, BNP Paribas, Deutsche Bank, and Barclays report earnings. Despite anticipated ECB rate cuts, earnings growth remains strong; higher rates and controlled bad loans support a robust 2024 Q1. Investors will watch for signs of underperforming European economies and potential rate cuts in Britain and the eurozone.