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	<title>Stock Blog Hub &#187; Foreign Regional Banks</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(HDB) HDFC Bank Limited &#8211; ADS &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2012/01/13/hdb-hdfc-bank-limited-ads-bear-of-the-day-4/90048</link>
		<comments>http://www.stockbloghub.com/2012/01/13/hdb-hdfc-bank-limited-ads-bear-of-the-day-4/90048#comments</comments>
		<pubDate>Fri, 13 Jan 2012 21:05:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90048</guid>
		<description><![CDATA[HDFC Bank&#8217;s (HDB) higher operating expenses were the headwind in the company&#8217;s most recently reported quarter. The company is still exposed to threats related to higher cost of funds. Growing competition in the retail space with the re-entry of peers is an added future concern. Our six-month target price of $25.00 per ADS equates to about 22.3x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 7.6% over that period. This is consistent with our long-term Underperform recommendation on the ADSs. Additionally, the quantitative Zacks Rank for HDFC Bank is currently #5, indicating a significant likelihood of downward pressure on the ADSs over the near term. HDFC BANK LTD (HDB): Free Stock Analysis Report To read this article on Zacks.com click here.]]></description>
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		<item>
		<title>(HDB) HDFC Bank Limited &#8211; ADS &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/10/20/hdb-hdfc-bank-limited-ads-bear-of-the-day-3/85503</link>
		<comments>http://www.stockbloghub.com/2011/10/20/hdb-hdfc-bank-limited-ads-bear-of-the-day-3/85503#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:47:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85503</guid>
		<description><![CDATA[HDFC Bank (HDB), like most Indian banks, are expected to encounter higher cost of funds as they have to raise deposit rates to meet increasing loan demand. This will keep margins of some banks including HDFC Bank under pressure. But as lending rates are expected to climb faster in the upcoming quarters, demand for loans would decline. On a price-to-book basis, HDFC Bank is trading at 3.8x, a sizeable premium to the 1.1x for the industry average. The valuation on a price-to-book basis looks expensive, given a trailing 12- month ROE that is only 9% above the industry average. Our six-month target price of $28.00 per ADS equates to about 23.1x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 10.1% over that ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HDB) HDFC Bank Limited &#8211; ADS &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/06/16/hdb-hdfc-bank-limited-ads-bear-of-the-day-2/76489</link>
		<comments>http://www.stockbloghub.com/2011/06/16/hdb-hdfc-bank-limited-ads-bear-of-the-day-2/76489#comments</comments>
		<pubDate>Thu, 16 Jun 2011 14:23:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76489</guid>
		<description><![CDATA[HDFC Bank, Ltd.&#8217;s (HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related to higher cost of funds. Also, growing competition in the retail space with the re-entry of peers is a future concern. Most Indian banks are expected to encounter higher costs of funds as they have to raise deposit rates to meet increasing loans demand. This will keep margins of some banks, including HDFC Bank, under pressure. Our six-month target price of $146.00 per ADS equates to about 24.7x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 9.3% over that period. This is consistent with our ]]></description>
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		<title>(HDB) HDFC Bank Limited &#8211; ADS- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/06/09/hdb-hdfc-bank-limited-ads-bear-of-the-day/75761</link>
		<comments>http://www.stockbloghub.com/2011/06/09/hdb-hdfc-bank-limited-ads-bear-of-the-day/75761#comments</comments>
		<pubDate>Thu, 09 Jun 2011 17:36:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75761</guid>
		<description><![CDATA[HDFC Bank, Ltd.&#8217;s (HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related to higher cost of funds. Also, growing competition in the retail space with the re-entry of peers is a future concern. Most of Indian banks are expected to encounter higher costs of funds as they have to raise deposit rates to meet increasing loans demand. This will keep margins of some banks, including HDFC Bank, under pressure. Our six-month target price of $146.00 per ADS equates to about 24.7x our earnings estimate for fiscal 2012. This target price implies an expected negative total return of 9.3% over that period. This is consistent with ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HDB) HDFC Bank Limited &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/03/13/hdb-hdfc-bank-limited-bear-of-the-day/68326</link>
		<comments>http://www.stockbloghub.com/2011/03/13/hdb-hdfc-bank-limited-bear-of-the-day/68326#comments</comments>
		<pubDate>Sun, 13 Mar 2011 18:51:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=68326</guid>
		<description><![CDATA[We downgrade our recommendation on HDFC Bank, Ltd. &#8211; ADS (HDB) to Underperform from Neutral based on the looming threat of higher cost of funds and ebbing loan demand. Higher operating expenses along with puffy provisions and contingencies were the downside in its latest earnings report. Increasing competition in the retail space with the re-entry of peers is a future concern. Also, slowing loan demand is expected to keep bottom line under pressure. Our six-month target price of $141.00 per ADS equates to about 29.8x our earnings estimate for fiscal 2011. This target price implies an expected negative total return of 9.0% over that period. This is consistent with our long-term Underperform recommendation. HDFC BANK LTD (HDB): Free Stock Analysis Report Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BCH) Non-U.S. Banks Stock Update &#8211; July 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/07/08/bch-non-u-s-banks-stock-update-july-2010-industry-outlook/42926</link>
		<comments>http://www.stockbloghub.com/2010/07/08/bch-non-u-s-banks-stock-update-july-2010-industry-outlook/42926#comments</comments>
		<pubDate>Thu, 08 Jul 2010 22:56:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[Banco Bradesco S.A.]]></category>
		<category><![CDATA[Banco de Chile]]></category>
		<category><![CDATA[Banco Latinoamericano de Exportaciones SA]]></category>
		<category><![CDATA[Banco Macro S.A.]]></category>
		<category><![CDATA[Banco Santander S.a.]]></category>
		<category><![CDATA[Banco Santander-Chile]]></category>
		<category><![CDATA[Bancolombia S.A.]]></category>
		<category><![CDATA[Bank of Montreal]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BBD]]></category>
		<category><![CDATA[BCH]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[BLX]]></category>
		<category><![CDATA[BMA]]></category>
		<category><![CDATA[BMO]]></category>
		<category><![CDATA[BNS]]></category>
		<category><![CDATA[Canadian Imperial Bank of Commerce]]></category>
		<category><![CDATA[CIB]]></category>
		<category><![CDATA[CM]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[GGAL]]></category>
		<category><![CDATA[Grupo Financiero Galicia S.A.]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[IBN]]></category>
		<category><![CDATA[ICICI Bank Limited]]></category>
		<category><![CDATA[Itau Unibanco Holding Sa]]></category>
		<category><![CDATA[ITUB]]></category>
		<category><![CDATA[KB]]></category>
		<category><![CDATA[Kookmin Bank]]></category>
		<category><![CDATA[Mitsubishi UFJ Financial Group Inc]]></category>
		<category><![CDATA[MTU]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[SAN]]></category>
		<category><![CDATA[SHG]]></category>
		<category><![CDATA[Shinhan Financial Group Company Limited]]></category>
		<category><![CDATA[STD]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[The Bank Of Nova Scotia]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[WBK]]></category>
		<category><![CDATA[Westpac Banking Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=42926</guid>
		<description><![CDATA[The global banking industry has been recovering at a slower pace from the worst downturn since the Great Depression that started as a credit issue in the subprime segment of the U.S. mortgage market and ultimately spread to engulf almost the entire global financial services industry. Though the worst of the financial crisis is behind us, there remain major political challenges following the intervention of governments to rescue and stabilize the global banking system. Although non-U.S. banks are still dealing with liquidity and confidence challenges, governments have taken several steps to alleviate the sector, as banks are the lifeblood of the economy. Consequently, the political interference in the sector has increased significantly over time. The politicization has added to the existing financial risks that banks face. The political interference will ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HDB) HDFC Bank&#8217;s Profit Increases</title>
		<link>http://www.stockbloghub.com/2010/01/18/hdb-hdfc-banks-profit-increases/25205</link>
		<comments>http://www.stockbloghub.com/2010/01/18/hdb-hdfc-banks-profit-increases/25205#comments</comments>
		<pubDate>Tue, 19 Jan 2010 00:16:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[Avis Budget Group Inc]]></category>
		<category><![CDATA[CAR]]></category>
		<category><![CDATA[HDB]]></category>
		<category><![CDATA[HDFC Bank Limited]]></category>
		<category><![CDATA[NIM]]></category>
		<category><![CDATA[Nuveen Select Maturities Municipal Fund]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25205</guid>
		<description><![CDATA[HDFC Bank’s (HDB) 2010 fiscal third quarter (ended Dec. 31, 2009) net earnings of INR8,185 million (US$175 million) were up 31.6% from the prior-year quarter, due primarily to a strong growth in net revenues, almost stable operating expenses and a decrease in provisions and contingencies (primarily comprising loan loss provisions). HDFC Bank’s net interest income for the quarter increased 12.4% year-over-year to INR22,239 million (US$474 million), with net interest margin (NIM) at 4.3%, compared to 4.2% in the preceding quarter. Non-interest revenues for the quarter were INR8,530 million (US$182 million), down 9.2% from the prior-year quarter. While fees and commissions increased from the prior-year quarter, the company experienced a loss of INR265 million (US$6 million) on revaluation/sale of investments in the quarter. The largest component of the non-interest revenue was ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBV) Moody&#8217;s Reaffirms BBVA Compass Bank Ratings</title>
		<link>http://www.stockbloghub.com/2009/08/27/bbv-moodys-reaffirms-bbva-compass-bank-ratings/13718</link>
		<comments>http://www.stockbloghub.com/2009/08/27/bbv-moodys-reaffirms-bbva-compass-bank-ratings/13718#comments</comments>
		<pubDate>Thu, 27 Aug 2009 23:53:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[BBV]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13718</guid>
		<description><![CDATA[Following the announcement of the acquisition of the failed Guaranty Bank by BBVA Compass, Moody’s has affirmed its current downgraded ratings on the company. BBVA Compass is a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria (BBV). Though the rating agency reaffirmed its negative outlook, it said that the acquisition of $12 billion in Guaranty Bank assets will significantly strengthen the bank’s presence in Texas, which housed 105 Guaranty bank branches. The acquisition would take the bank deeper into Texas and California, accelerating the company’s strategy to become a regional U.S. bank. BBVA Compass will receive an additional investment of $440 million from its parent in the form of common stock as a result of the transaction. Currently, the company’s long-term issuer credit rating is Aa3, and its financial strength rating ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBV) Hot New Spanish Model for Banking</title>
		<link>http://www.stockbloghub.com/2009/08/04/bbv-hot-new-spanish-model-for-banking/11945</link>
		<comments>http://www.stockbloghub.com/2009/08/04/bbv-hot-new-spanish-model-for-banking/11945#comments</comments>
		<pubDate>Wed, 05 Aug 2009 01:57:19 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Foreign Regional Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Banco Santander S.a.]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[STD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=11945</guid>
		<description><![CDATA[Tony Daltorio, The Investment U Research Team There’s a hot new Spanish model that has everyone in Europe going ga-ga. No, it’s not a runway or swimsuit model. It’s Spain’s banking model. The Bank of Spain forced Spanish banks to follow a very conservative banking model using what they call “dynamic provisioning” requirements. These requirements forced Spanish banks to build reserves during the good times. This left the banks with capital to draw upon which is helping them survive the downturn. The Bank of Spain also restricted local banks from piling into mortgage securities. And Spain has a small credit-card and commercial property market which limited risk exposure for the banks. But the banks did their part too. They focused on the retail market rather than risky investment banking, as ]]></description>
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