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

Many of the developed European markets are up by double digits so far this year. The S&P 500 is lagging its European years. Emerging markets are also not doing great.

Among the global equities many banks have performed well. The following table shows the year-to-date returns of foreign bank stocks traded on the US exchanges:

S.No.Bank NameTickerPrice on Mar 6, 2015Year-to-Date Change (in %)Country
1Banco Bilbao Vizcaya ArgentariaBBVA$9.713.41%Spain
2Banco BradescoBBDO$11.88-8.12%Brazil
3Banco BradescoBBD$11.65-12.86%Brazil
4Banco de ChileBCH$68.04-1.31%Chile
5Banco MacroBMA$56.0828.24%Argentina
6Banco SantanderSAN$6.98-16.21%Spain
7Banco Santander BrasilBSBR$4.62-7.97%Brazil
8Banco Santander ChileBSAC$20.976.34%Chile
10Barclays BankBCS$15.845.53%United Kingdom
11BBVA Banco FrancesBFR$17.8929.73%Argentina
13Credit SuisseCS$23.53-6.18%Switzerland
14Deutsche BankDB$31.856.10%Germany
15Grupo Financiero GaliciaGGAL$22.2339.90%Argentina
16HDFC BankHDB$61.8621.89%India
17HSBCHSBC$42.81-9.36%United Kingdom
18ICICI BankIBN$11.44-0.95%India
19Itau UnibancoITUB$11.34-12.84%Brazil
20KB Financial GroupKB$33.121.53%Korea
21Lloyds Banking GroupLYG$4.885.17%United Kingdom
22Mitsubishi UFJ FinancialMTU$6.4216.09%Japan
23Mizuho FinancialMFG$3.667.65%Japan
24National Bank of GreeceNBG$1.43-20.11%Greece
25Royal Bank of ScotlandRBS$11.24-7.18%United Kingdom
26Shinhan FinancialSHG$37.41-7.38%Korea
27Sumitomo Mitsui FinancialSMFG$7.989.62%Japan
29Westpac BankingWBK$28.897.40%Australia
30Woori BankWF$25.34-7.01%Korea

Note: Returns shown above does not include dividends.

Source: BNY Mellon

Argentine banks Banco Macro and BBVA Banco Frances have shot up nicely as the country emerges from the soverign debt crisis that plagued Argentine stocks last year.Despite the strong performance Argentine stocks are not for the faint-hearted.

India-based HDFC Bank is up by 21% compared to ICICI Bank which is basically flat.All the three Brazilian banks shown are in the negative territory with Itau’s performing the worst.Brazilian economy is not doing well since the re-election of President Dilma and the ongoing corruption probe with Petrobras(PBR) is not helping Brazilian stocks also.

British banking group HSBC is down since the bank mainly operates in Asian markets where emerging economies are struggling.

Disclosure: Long PBR and many of the banks listed above.

WW II Memorial

National World War II Memorial, Washington DC

Leave a Reply

Your email address will not be published. Required fields are marked *