Europese banken zijn niet zo gezond als beleggers denken. Toezichthouders en beleggers richten zich volgens Morningstar op de verkeerde maatstaven. Beleggers die denken dat er voor Europese banken opnieuw een mooi tijdperk aanbreekt, moeten op hun hoede zijn. Lees ook het bijbehorende artikel http://www.morningstar.nl/nl/news/114554/europese-banken-zijn-niet-zo-gezond-als-beleggers-denken---deel-1.aspx

1. Morningstar´s waardering van
22 Europese banken
De aandelenanalisten van Morningstar volgen
deze Europese banken

2. Crédit Agricole – ACA
Fair Value
EUR 6.30
Moat
Narrow
Koers/Fair Value
1.40
Morningstar Rating
QQ
Uncertainty
Very high
Koers/Tangible Book
0.84
Bron: Morningstar 16/11/2013

3. Julius Bär – BAER
Fair Value
CHF 44.00
Moat
Wide
Koers/Fair Value
0.96
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
2.88
Bron: Morningstar 16/11/2013

4. Barclays – BARC
Fair Value
GBP 3.20
Moat
None
Koers/Fair Value
0.78
Morningstar Rating
QQQQ
Uncertainty
Very high
Koers/Tangible Book
0.75
Bron: Morningstar 16/11/2013

5. BBVA – BBVA
Fair Value
EUR 6.92
Moat
None
Koers/Fair Value
1.22
Morningstar Rating
QQQ
Uncertainty
Extreme
Koers/Tangible Book
1.26
Bron: Morningstar 16/11/2013

6. BNP Paribas – BNP
Fair Value
EUR 55.00
Moat
Narrow
Koers/Fair Value
0.99
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
0.93
Bron: Morningstar 16/11/2013

7. Commerzbank – CBK
Fair Value
EUR 9.00
Moat
None
Koers/Fair Value
1.11
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
0.50
Bron: Morningstar 16/11/2013

8. Crédit Suisse – CSGN
Fair Value
CHF 28.00
Moat
Narrow
Koers/Fair Value
0.95
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
1.25
Bron: Morningstar 16/11/2013

9. Danske Bank – DANSKE
Fair Value
DKK 119.00
Moat
Narrow
Koers/Fair Value
1.04
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
1.03
Bron: Morningstar 16/11/2013

10. Deutsche Bank – DBK
Fair Value
EUR 38.00
Moat
Narrow
Koers/Fair Value
0.90
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
0.81
Bron: Morningstar 16/11/2013

11. Société Générale – GLE
Fair Value
EUR 34.00
Moat
Narrow
Koers/Fair Value
1.23
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
0.90
Bron: Morningstar 16/11/2013

12. HSBC – HSBA
Fair Value
GBP 7.25
Moat
Narrow
Koers/Fair Value
0.95
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
1.41
Bron: Morningstar 16/11/2013

13. Intesa Sanpaolo – ISP
Fair Value
EUR 1.40
Moat
None
Koers/Fair Value
1.21
Morningstar Rating
QQ
Uncertainty
Very high
Koers/Tangible Book
0.73
Bron: Morningstar 16/11/2013

14. KBC – KBC
Fair Value
EUR 36.00
Moat
None
Koers/Fair Value
1.12
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
1.58
Bron: Morningstar 16/11/2013

15. Lloyds Banking Group – LLOY
Fair Value
GBP 0.92
Moat
Narrow
Koers/Fair Value
0.83
Morningstar Rating
QQQQ
Uncertainty
High
Koers/Tangible Book
1.41
Bron: Morningstar 16/11/2013

16. Nordea Bank – NDA SEK
Fair Value
SEK 76.00
Moat
Narrow
Koers/Fair Value
1.07
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
1.34
Bron: Morningstar 16/11/2013

17. RBS – RBS
Fair Value
GBP 4.00
Moat
None
Koers/Fair Value
0.83
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
0.68
Bron: Morningstar 16/11/2013

18. Banco Santander – SAN
Fair Value
EUR 7.00
Moat
Narrow
Koers/Fair Value
0.91
Morningstar Rating
QQQ
Uncertainty
Very high
Koers/Tangible Book
1.22
Bron: Morningstar 16/11/2013

19. Skandinaviska Enskilda Banken – SEB A
Fair Value
SEK 62.00
Moat
None
Koers/Fair Value
1.27
Morningstar Rating
QQ
Uncertainty
Very high
Koers/Tangible Book
1.68
Bron: Morningstar 16/11/2013

20. Svenska Handelsbanken – SHB A
Fair Value
SEK 287.00
Moat
Narrow
Koers/Fair Value
1.05
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
2.03
Bron: Morningstar 16/11/2013

21. Standard Chartered – STAN
Fair Value
GBP 16.30
Moat
Narrow
Koers/Fair Value
0.89
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
1.46
Bron: Morningstar 16/11/2013

22. UBS – UBSN
Fair Value
CHF 18.00
Moat
Narrow
Koers/Fair Value
0.95
Morningstar Rating
QQQ
Uncertainty
High
Koers/Tangible Book
1.57
Bron: Morningstar 16/11/2013

23. UniCredit – UCG
Fair Value
EUR 3.90
Moat
Narrow
Koers/Fair Value
1.31
Morningstar Rating
QQ
Uncertainty
Very high
Koers/Tangible Book
0.65
Bron: Morningstar 16/11/2013

24. Overzicht