Bank ADRs: Leading and Lagging Year-To-Date

2.Credit Suisse -CS
YTD Change:14.40%

3. Westpack banking – WBK
YTD Change:14.11%

4.Banco de Chile – BCH
YTD Change:6.4%

5.Banco Bradesco – BBD
YTD Change:5.67%

6.Deutsche Bank – DB
YTD Change:1.65%

The worst five Bank ADRs YTD are:

HSBC (HBC), Bank of Ireland(IRE), Llyods Banking Group(LYG), Royal Bank of Scotland (RBS) and Allied Irish Banks (AIB). These banks are all down over 39%.All of these banks are from the UK and Ireland.Despite the massive bailout by the British government, British banks are still exposed to heavy losses due to the sub-prime and derivate issues. Also the British economy is in worst shape than other European countries.

More on this topic (What's this?)
The West Needs Shorter Leaders
Ex-Deutsche Bank Hedge Fund
Read more on Banking at Wikinvest

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)