Citigroup Says This Time It’s Different for Europe Profit Growth

This time, it’s Citigroup Inc.’s Jonathan Stubbs forecasting the region’s earnings will jump at least 10 percent to end a three-year dry spell. His bullishness on Europe is reminiscent of early 2015 and 2016, when strategists and investors doubled down on the region’s stocks, drawn by the promise that monetary stimulus and a weak currency would be sufficient to prop up corporate profits.