Analysis

Four Bank Stocks Untainted by the Libor Scandal
July 27, 2012
| Economics
| Europe, The Americas
Summary
Home
The Libor scandal that recently rocked the financial world could cause global banking stocks to take a major hit. However, LIGNET sees buying opportunities for stocks of several American and Canadian multinational banks with no ties to the Libor scandal that pay excellent dividends and trade at cheap valuations, including U.S. Bancorp (NYSE:USB) and Bank of Montreal (NYSE:BMO).

Canadian banks such as Bank of Montreal and Bank of Nova Scotia (NYSE: BNS) have strong earnings, sales, and income growth. These stocks and a few others appear to be durable enough to survive the slowing global economy and uncertainties in Europe. Three American banks implicated in the Libor scandal will be on the hook for billions of dollars in legal fees and LIGNET recommends investors stay away from these stocks for now.

Comments or questions about this article? Click here to contact us.
 
Login or Create New Account
Email Address:
Password:
New to LIGNET? Create New Account
Join Now

LIGNET provides you with actionable intelligence and in-depth analyses from seasoned insiders including senior CIA officials, presidential advisors, ambassadors, and more.

 
Sign Up for
FREE Intelligence Reports!
 
 
Join Now
Already have an account?
Click here to log in.

 
Join Now
Knowledge is Power
Only if You Access it!
Upgrade to a full access account and get the official CIA World Fact Book 2012 FREE!
Upgrade Now
FREE CIA World Factbook 2012
 
 
What is LIGNET?
Powered by Newsmax
LIGNET is registered in the U.S. Patent and Trademark Office. Langley Intelligence Group Network is registered in the U.S. Patent and Trademark Office.