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A financial group operating principally in Spain, the United Kingdom, other European countries and Latin America, offering a range of financial products.
Regional diversification and a slow but steady recovery in the Eurozone will carry this stock through. Patience will be a must, as events will cause volatility over the next couple of years. Buy now and be happy later.
The Spanish banking system looks fragile. I would stay away from STD for the present.
I am a HUGE fan of Super Mario, and think Spain will avoid Greece's fate. But even I would stay the heck away from any Spanish bank for now. There is a nonnegligible risk of the bank needing a bailout which would zero out the shareholders.
smart pick considering of the Spainish banks this one has international branches and one of only two banks that will not need a bail out in Spain this is a buy and hold
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