Spanish banks Banco Bilbao Vizcaya Argentaria (NYSE:BBV) and Banco Santander SA (New) (NYSE:STD) may be avoided for investment now. While both are some of the largest banks in the world, their earnings have been impacted adversely not only due to the recession but also due to some wrong strategic moves. The collapsing real estate market …
Recently there was a mention in the BusinessWeek that Spanish Banks seem to have “escaped” the sub-prime crisis. This was made possible due to savvy strategies followed by the managements of these banks.There are only two Spanish Banks listed in the US. Banks of Spain provide an indirect entry into the Latin American market as …
The following table lists all the Spanish ADRs listed in the US markets.Spain has had a great growing economy until recently. However the country has very few stocks listed in the US.In the Spain ADRs listing below, the two banks BBV and STD, REP and IBDRY are top picks among US investors. [TABLE=40] Note: …