The recent credit-rating downgrade by Moody’s suggests that problems for the regional banking sector are far from over. Thus, it could be wise to invest in fundamentally sound foreign bank stocks Banco Macro S.A. (BMA), Banco Santander, S.A. (SAN), and Barclays PLC (BCS).
Earlier last year, the U.S. banking sector was in crisis after the collapses of major regional banks, including Silicon Valley Bank, Signature Bank, and First Republic Bank. Banks grappled with various headwinds, such as a slowing economy, increased deposit costs in a high-interest rate environment, and credit rating downgrades.
