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 …
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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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US-based Wells Fargo(WFC) has come the world’s valuable bank bank based on market capitalization, according to an article in The Wall Street Journal today. Wells Fargo exceed the market capitalization of ICBC (IDCBY) of China recently. Click to enlarge Source: Wells Fargo & Co. Is the Earth’s Most Valuable Bank, The Wall Street Journal, July 22, 2015 …
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Ever since the Global Financial Crisis of 2008-09, some investors have avoided bank stocks. However that need not be the case as most banks have cleaned up their balance sheets and are in a much healthier shape now. In fact, on a global level US banks are stronger now than their developed world peers. The …