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Investors hot on Spanish stocks, investors agree
Many suspicious eyes focused on the Spanish banks during the financial crisis. Throughout the crisis, they have submitted to a tough reform process and have paid a high price for it -- their shares plummeted.
Now that the stock market has rebounded (yesterday it hit a new high of 9,439 points) the banks have a wider profit margin than their counterparts in other European countries. Spanish banks are posting 50% annual gains while others show only 23% on average.
Obviously, investors are once again confident that the banks have done what was necessary to regain credibility. Even the IMF says that the Spanish banks are solvent enough to start issuing debt to private companies.