Published on 3 May 2024 on Zacks via Yahoo Finance
3 Foreign Bank Stocks Worth a Look in a Prospering Industry
Banks across the globe have been continuously undertaking restructuring efforts to focus more on core operations. While these efforts are expected to result in elevated expenses, they will aid growth in the long run. Moreover, while the uneven economic recovery in developed and emerging nations has been hurting revenue growth for companies within the Zacks Foreign Banks Industry, the current high interest rate environment will continue to provide support.
Thus, despite the geopolitical concerns, industry players like HSBC Holdings plc HSBC, Barclays PLC BCS and Deutsche Bank Aktiengesellschaft DB are well-poised to benefit from higher interest rates.