Banco Bilbao Vizcaya Argentaria SA (ADR) (BBV)
The Company is a diversified international financial group, with strengths in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking.
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Deflation in Spain for past 3 months. They had a bigger real estate bubble than the US..
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Excluding the 19 biggest banks that underwent the stress test, banks with nonperforming loans above 5% had combined deposits of $193 billion, according to Bloomberg data.
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Affected by the global financial crisis for the short term. The long term may have significantly better performance though - I'll let you know in a few months.
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trying a couple experiments, which hopefully wont mess up my whole portfolio. trying to follow the downtrend.
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I think they will outperform in the long run, but I think they'll be kept down in the Spanish housing mess for a while before that happens.
See
http://www.economist.com/agenda/displaystory.cfm?story_id=11079229

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