The Federal Reserve has been working to make the financial system more resilient, but the stress in the U.S. banking sector continues to be a concern for the nation's growth. Hence, it seems wise to look beyond the national shores and invest in quality foreign bank stocks Banco Santander, S.A. (SAN), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), and KB Financial Group Inc. (KB) instead.
Before delving into the fundamentals of the highlighted stocks, let’s first examine the current state of the U.S. banking space.
