With less than two weeks remaining this year, its time to take a quick look at the performance of foreign bank stocks. In this post, let me list the five best and worst performing foreign bank ADRs.
The 5 Best Performing Foreign Bank Stocks YTD:
1.Banco Macro (BMA)
Country: Argentina
YTD Change: 171%
2.Woori Finance (WF)
Country: South Korea
YTD Change: 157%
3.Grupo Financiero Galicia (CGAL)
Country: Argentina
YTD Change: 146%
4. BBVA Banco Frances (BFR)
Country: Argentina
YTD Change: 115%
5.Banco Bradesco (BBD)
Country: Brazil
YTD Change: 106%
The 5 Worst Performing Foreign Bank Stocks YTD:
1.Lloyds Banking Group (LYG)
Country: The UK
YTD Change: -56%
2.Royal Bank of Scotland (RBS)
Country: The UK
YTD Change: -36%
3.Mizuho Financial (MFG)
Country: Japan
YTD Change: -33%
4.Allied Irish Banks (AIB)
Country: Ireland
YTD Change: -19%
5. Mitsubishi UFJ Financial (MTU)
Country: Japan
YTD Change: -15%
Four of the best performing five banks are from Latin America. Among the worst performing banks, two are the UK and two from Japan. Royal Bank of Scotland and Lloyds Bank are two of Britain’s own “Too Big Too Fail” banks.