Santander representative till now of European Banking misery
European banks have been much maligned and languishing for years.
Some banks have been trading at yields of close to 6 per cent (UBS and BNP are good examples.)
Despite the bad news and continued QE, banks in Europe even Deutsche seem to be forming long term bases.
The bases seem to be rounding bottoms and despite the fact that I am not bullish in general the following look as though they may be long term buys with potential to double in the next years.
Banco Santander
BNP Paribas
UBS Group
Some banks have been trading at yields of close to 6 per cent (UBS and BNP are good examples.)
Despite the bad news and continued QE, banks in Europe even Deutsche seem to be forming long term bases.
The bases seem to be rounding bottoms and despite the fact that I am not bullish in general the following look as though they may be long term buys with potential to double in the next years.
Banco Santander
BNP Paribas
UBS Group