Key insights
- An analyst expresses skepticism about non-US banks compared to their US counterparts, citing performance since 2008 and recent rate-driven appreciation. They are tentatively watching HSBC, Barclays, BMO, and MUFG. This reflects a potential shift in investor preference away from international banks, which could lead to relative underperformance compared to US banks.
I did a deep dive in US banks recently and decided to look at the major players abroad, but none of them really stack up well next to US based banks. Am I missing something here? are there any opportunities abroad or at least to keep on a watchlist? many died a dogs death in 08 and never bounced back, and it seems a few have recently appreciated from rising rates the last 5 years globally. I've looked at HSBC, Lloyds, Barclays, UBS, Deutsche, Royal Bank of Canada, BMO, TD, Scotia, CM, MUFG, SMFG, MFG. the only ones I'm kinda leaning towards possibly keeping on a watchlist is HSBC, Barclays, BMO, MUFG.