Banking on Brics | FT Alphaville

Banking on Brics

Bank earnings season is now underway, and here’s a trio of charts from the Economist Intelligence Unit showing that most of the banks whose shares outperformed the Bloomberg World Banks Index in the past year are in the Brics.

(These figures are as of Tuesday, before JP Morgan announced earnings on Wednesday morning. JPM was down 1.2 per cent as of 2:41pm in New York.)

Just something to be aware of as central banks in the developed economies keep moving towards further monetary easing and capital continues flowing into developing countries.

Related links:
World banks: setting the scene – Economist Intelligence Unit
The rush to EM – FT Alphaville