Is this positive performance the group's reward for its progress in reducing short-term debt levels from an industry average of over 200% in 1993 to over 100% in 2009 to just 41% today?:
More than half of the group continues to trade below book value:
That could change if investors continue to search for value among European financial stocks:
And, in turn, we could see more point-and-figure charts with the beginnings of break-out patterns as these companies work to emerge from multi-year bases: