I have always liked this bank. Spains economy has been robust but this bank is expanding into South America at a very rapid pace. With the sale of their First Union Corp holdings, they have some cash to make further purchases in S.A.
Spain just reduced their interest rate and they will shortly be joining the EU.
It seems to me this bank will continue to grow and profit.
Does anyone hear anything negative about this bank?
while back this bank was highly recommended by J. Desseaur. He claimed it would be the next Citicorp. Dont know what he thinks lately. But looks like a great stock chart. Good long term grower. Like it a lot.