Best and Worst Foreign Bank Stocks YTD

With the first quarter over for this year, it's time to take a look at the performance of bank ADRs. The following six ADRs are in positive territory as of April 1, 2009.

1. Woori Finance (WF)
YTD Change: 17.38%

2. Credit Suisse (CS)
YTD Change: 14.40%

3. Westpack Banking (WBK)
YTD Change: 14.11%

4. Banco de Chile (BCH)
YTD Change: 6.4%

5. Banco Bradesco (BBD)
YTD Change: 5.67%

6. Deutsche Bank (DB)
YTD Change: 1.65%

The worst five bank ADRs YTD are: HSBC (HBC), Bank of Ireland (IRE), Llyods Banking Group (LYG), Royal Bank of Scotland (RBS) and Allied Irish Bank (AIB). These banks are all down over 39%. All of these banks are from the UK and Ireland. Despite the massive bailout by the British government, British banks are still exposed to heavy losses due to the sub-prime and derivate issues in the UK. Also, the British economy is in worse shape than other European countries.

Comments

[Amouna:]

Another bank worth looking at is ANZ bank (Australia and New Zealand Group)

Apr 03 11:37 AM

[Chezfrederick:]

Did you mean foreign banks or froeign bank ADRs. Either the title is misleading or you consider Canadian banks to be US banks.

Most Canadian banks had a performance that exceeded that of every bank you outline in your article. I suggest they are among the best in the world, which warrants a correction to your post if it is to be more acurate and comprehensive. Check out the RY and TD performance on the US exchanges.

Apr 03 02:45 PM

[Fliujniligui:]

Yea I own some TD. Got 2 dividends since beginning of the year and those are positive more than 10% for the year. Since I got in at 37 in average, this is up by more than 20%! AIB is a good one too, way undervalued with a market cap / equity of 0.1 and if you factor in stress test for 2009-2010, you have a market cap/equity of about 0.175.

Apr 06 09:57 PM