European Banks
- Thread starter SkyRider
- Start date
Why would you want to?Are there any simple and easy ways to invest in European banks such as mutual funds, ETF's, etc.?
Now that the American banks have recovered, I think the European Banks are the next to bounce back.Why would you want to?
Europe has a lot of problems the US doesn't have, and those problems are just going to get worse and it will continue to affect Europes banks negatively.Now that the American banks have recovered, I think the European Banks are the next to bounce back.
You can buy some european bank stocks through ADR's on the NYSE. Some Cdn brokerage firms can buy directly through the FTSE.Are there any simple and easy ways to invest in European banks such as mutual funds, ETF's, etc.?
Does this mean that I have to buy individual names? is there an ETF or mutual fund where I can buy a basket of names, similar to XFN?You can buy some european bank stocks through ADR's on the NYSE. Some Cdn brokerage firms can buy directly through the FTSE.
Yes, definitely hang on to the Canadian banks. They are keepers. I was thinking the Euro banks might be good speculative buys.Earnings for the big Canadian banks this week were quite good as well as dividend increases for some. I'm still holding my TD shares for the long term, too many problems in Europe for me to even bother looking at them.
what if housing market crashes and mortgage defaults starts?Earnings for the big Canadian banks this week were quite good as well as dividend increases for some. I'm still holding my TD shares for the long term, too many problems in Europe for me to even bother looking at them.
Not going to happen in Canada. Maybe a slowdown but certainly no crash and burn like what happened in the US and the UK.what if housing market crashes and mortgage defaults starts?
Far too simplistic a rational to BET your hard earned cash onNow that the American banks have recovered, I think the European Banks are the next to bounce back.
average house hold debt is already 160%. All it takes is some unforeseeable economic storm causes mass unemployment. And all historical financial crisis were unforseeable, but always happen anyways. you don't have to know its reason today to predict there will be one inthe future.Not going to happen in Canada. Maybe a slowdown but certainly no crash and burn like what happened in the US and the UK.
Canada weathered the storm quite well during the recent financial crisis which devastated the US and many European countries, I think we are better prepared for that kind of catastrophe than most countries. Our banks are better regulated than in the states and the government has taken steps to cool down the real estate market.average house hold debt is already 160%. All it takes is some unforeseeable economic storm causes mass unemployment. And all historical financial crisis were unforseeable, but always happen anyways. you don't have to know its reason today to predict there will be one inthe future.
Heard some U.S. hedge funds were shorting Canadian banks stocks earlier this Summer. They must be sorry now.Canada weathered the storm quite well during the recent financial crisis which devastated the US and many European countries, I think we are better prepared for that kind of catastrophe than most countries. Our banks are better regulated than in the states and the government has taken steps to cool down the real estate market.
I bought some (not enough in hindsight) shares of Bank of America in the $6 to $10 range earlier in 2013 and also in 2012.
I'd advise caution on Euro banks - can't speak to current valuations but I'd worry about exposure to sovereign debt, who bails out banks when the government is the defaulter.....
