Foreign bank stocks listed on the US exchanges are down significantly so far this year. In fact, except Deutsche Bank, all these ADRs are in the deep red as shown in the chart and table below. Banco de Chile is the only bank ADR with a a relatively low loss of about 10%. Some of …
Continue reading ‘The Year-To-Date Returns Of Exchange-Listed Foreign Bank ADRs’ »
Consolidation in the U.S. commercial banking sector has led to a substantial declines in the number of banks available for banking. According to the Federal Reserve Federal Reserve Bank of St. Louis Economic Research report titled “Commercial Banks in the US.” the number of banks has fallen to 4,900 current. That is a decline of …
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Among the foreign bank ADRs, emerging market banks have performed very well so far this year relative to their developed world peers. This is not surprising since most emerging markets are up by double digit percentage points this year and financials are the main drivers of growth in these markets. As the pillars of the …
Continue reading ‘On the Performance of Foreign Bank Stocks Year-To-Date’ »
Some of the major European banks have seen their market values decline substantially this year. The STOXX® Europe 600 Banks Index is down about 33% year-to-date in Euro price terms. A few individual banks have lost much more. The following graphic from a recent journal article shows the serious damage to market capitalization of the world’s …
Continue reading ‘On the Decline in Market Value of Big Global Banks’ »
The Netherlands-based ABN AMRO Bank had its IPO on the Dutch equity market this past Friday. The bank returned to the markets after a break of eight years when it was taken over in a complex deal. Here is an excerpt from an FT article: ABN Amro shares rose 3.5 per cent on Friday after the …
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