The Libor scandal that is rocking the financial world could cause bank stocks to take a major hit, but not all of them will be affected. LIGNET sees buying opportunities for stocks of several American and Canadian multinational banks with no ties to the Libor scandal. A number of these, including U.S. Bancorp (NYSE:USB)
and Bank of Montreal (NYSE:BMO)
, pay excellent dividends and trade at cheap valuations. Canadian banks, in particular, have performed well over the last few years due to their strong balance sheets and high level of capitalization, which has insulated them from recessionary pressures in the United States and Europe.
Click here to read the full analysis from top forecasters at LIGNET.com.
© 2016 Newsmax. All rights reserved.