European Financial Stocks Performance: European financial stocks have significantly outperformed U.S. financial stocks in 2023, with the iShares MSCI Europe Financials ETF (EUFN) rising 46% compared to the U.S. Financial Select Sector SPDR Fund ETF (XLF) which only increased by 8.8%.
Long-term Trends: Over the past five years, EUFN has gained 157% while XLF has increased by 121%, indicating a shift in market dynamics, although the U.S. market still shows overall stronger performance historically.
Major Holdings: Key holdings in EUFN include HSBC, Allianz, and Banco Santander, while XLF's top holdings feature Berkshire Hathaway, JPMorgan Chase, and Visa.
Economic Indicators: Recent economic data from Spain shows an annual inflation rate of 3.10% in October and a GDP growth of 2.8% in Q3, reflecting broader economic trends in the region.
Wall Street analysts forecast XLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast XLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 53.460
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Current: 53.460
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
