The top banks in Italy based on assets in 2021 are shown in the chart below. Intesa(ISNPY) is the Italian largest bank followed by UniCredit(UNCRY). Compared to these banks, the rest of the major banks have assets of under 200 billion Euros. Click to enlarge Data Source: FactSet Source: Italy Seeks to Ease …
Germany is the economic powerhouse of Europe. For global investors it is wise to be aware of the major countries Germany trades with and also the types of goods Germany exports and imports. With that said, Germany’s major trading partners in 2020 are shown in the chart below. The US was the largest export market for …
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Most US bank stocks are up by double digit percentage points so far this year. The benchmark KBW Bank Index for example has soared by about 34% YTD. With economic recovery forecast to accelerate this year, investors are betting banks stand to gain the most from the upsurge in economic activity. Many of the foreign …
Continue reading ‘Which Foreign Bank Stocks Are Down Year-to-Date?’ »
Wage growth for the average workers in the US has been artificially suppressed over the past few decades due to a variety of reasons. However worker productivity has continued to rise year after year. According to EPI, the average worker would be earning $10 more per hour if wage growth kept up with productivity. Since …
Continue reading ‘40 Years of Unequal Wage Growth in the US: Chart’ »
Canadian bank stocks have performed very well so far this year with all increasing by double digit percentages. NYSE-traded shares of Bank of Montreal(BMO), The Canadian Imperial Bank of Commerce (CM) and Royal Bank of Canada(RY) reached their 52-weeks on last Friday. These banks are slated their announced their second quarter earnings this week. Analysts are …
Continue reading ‘Canadian Bank Stocks May Have Further Room To Run’ »