Performance of Exchange-listed Foreign Bank Stocks Year-to-Date

European and US equity markets are very volatile this year.While the S&P 500 had a solid double digit growth last year,the index is having a rocky ride this year.

The year-to-date price returns of some of the major developed and emerging benchmark indices are listed below:

  • S&P 500 Index: 0.9%
  • UK’s FTSE 100: -1.8%
  • France’s CAC 40: 3.2%
  • Germany’s DAX Index: -1.5%
  • Spain’s IBEX 35 Index:3.8%
  • China’s Shanghai Composite: -0.9%
  • India’s Bombay Sensex: 6.9%
  • Brzail’s Sao Paulo Bovespa: 1.2%
  • Chile’s Santiago IPSA: 4.3%
  • Mexico’s IPC All-Share: -4.3%

The chart below shows the year-to-date price returns of exchange-listed foreign bank stocks (excluding Canada):

Click to enlarge

Exchange-listed Foreign Banks YTD Returns-BEST

Data Source: BNY Mellon

A few observations:

  • Elections in Brazil and India are having a postive impact on stocks. As a result banks such as HDFC Bank(HDB) of India and Itau Unibanco (ITUB) of Brazil are up by over 15% so far.
  • Depsite the greek economic recovery National Bank of Greece (NBG) is off by 20% since it plans to raise capital which may include issuing new shares.
  • Investors are betting on a strong surge in European banking sector leading to the mostly positive performance of Spanish bank Banco Santander (SAN), Bank of Ireland(IRE), etc.


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