Banking, finance, and taxes
Barclays Initiates EU/Global Banks (AIB, IRE, UBS, BBVA, DB, HBC, STD, RBS, CS)
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Barclays Capital’s banking research department has been busy going into the new year as it has issued new coverage on many of the European and global banks. Some of the ratings are strong and some are not, although the sector was effectively assigned a neutral rating with a partial snapshot as follows: Allied Irish Banks plc (NYSE: AIB), Bank of Ireland (NYSE: IRE), and UBS AG (NYSE: UBS) were started as Underweight. Banco Bilbao Vizcaya Argentaria (NYSE: BBVA), Deutsche Bank AG (NYSE: DB) and HSBC Holdings (NYSE: HBC) were started as Overweight. Banco Santander (NYSE: STD), Royal Bank of Scotland (NYSE: RBS) and Credit Suisse Group (NYSE: CS) Started as Equalweight.
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Jon C. Ogg
January 5, 2010
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