Diversify Your Portfolio with These 3 International Banks By StockNews
Amid the continuing low-interest-rate environment and a potential slowdown in economic recovery in the United States, we think it could be wise to invest in quality foreign bank stocks to cash in on macroeconomic factors beyond the U.S. So, quality stocks Banco Santander (MC:), UBS Group (UBS), and Barclays (LON:) (BCS) could be solid additions to one’s portfolio now, given their fundamental strength. Let’s discuss.International banking stocks are a solid investment option when the domestic market reflects uncertainty. They help diversify one’s portfolio, given that local macroeconomic factors don’t necessarily influence their performance. You also have many opportunities not offered by domestic bank stocks.
Domestic banking is being threatened by the prolonged low interest rates in the United States. However, many international banks stocks could be affected by country-specific factors in the short term.
So, we think it could be wise to diversify one’s portfolio by adding a few high-quality international banking stocks. Banco Santander, S.A., UBS Group AG (6SIX) (UBS), Barclays PLC(BCS), all have this quality, and can be good bets, given their strength.
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