Quote: (02-24-2014 11:08 AM)WestIndianArchie Wrote:
Goldman Sachs, JP Morgan, etc?
WIA
You should also look at European banks. I brought shares of Banco Santander in 2012, which I consider "too big to fail" and probably the strongest bank in Europe.
It is not an investment bank, but a huge retail/commercial bank domiciled in Spain, with 50% of its profits coming from Latin America, and 25% coming from Europe outside of Spain. I like the geographically diverse earnings stream.
Santander is paying a juicy 9% dividend, and its American Depositary Receipts are listed on the NYSE as SAN.
The European Central Bank will be releasing the bank stress test results in November...it will be interesting to see which banks are insolvent or need to recapitalize!