The U.S. banking industry has been in turmoil lately after the failures of the Silicon Valley Bank and Signature Bank in March and the most recent collapse of the First Republic Bank, the second-largest bank failure in U.S. history.
Despite regulators assuring depositors and investors that the banking system is safe, concerns remain about the stability of the U.S. banking system. Therefore, it could be wise to look beyond borders and invest in fundamentally strong foreign bank stocks Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), Banco do Brasil S.A. (BDORY), and Woori Financial Group Inc. (WF).
