Garanti Bank – Weakening To Accelerate?
We all know the pressures of the devaluation in Turkey on the economy and banks. We have written about this with respect to Hsbc Holdings (5 HK) in...
539 Views
Global Banks: Any Takers for the Unloved?
We are on the hunt for banking assets with poor technical momentum, strong fundamental trends, and cheap valuations.We drill into detail to find...
669 Views
HSBC Holdings – Credit Costs In Turkey, Argentina Can Cause Group Credit Costs To Rise 3-4x
Under new IFRS 9 accounting analysts are in a totally new environment with the devaluation in Turkey and Argentina. There will be other impacts...
450 Views
BBVA: A De-Risking/Growth Mix
Our thesis is that Banco Bilbao Vizcaya Argentari (BBVA SM) is undervalued on a sum of parts valuation. This is based on attributing a 20% value...
266 Views