Global Financials

World's tallest buildings

Here are some wave patterns of the Global Banks. Most seem to follow the pattern of the global financial ETF IXG and Banking Index BKX. For some banks 2007 marked a Supercycle Wave V Top. For other banks it marked a Grandsupercycle Wave (V) Top, and the ensuring correction was more severe. General it was the older banking institutions and those that dabbled with credit derivatives.

IXG 2001 - 2014BKX 27-04014 20yr

China: ICBC – 1398.HK ($196bn), CCB 939.HK ($170bn), Bank of China 3988.HK ($117bn)
1398HK 2006 - 2014

939HK 2005 - 2014

Japan: Mitsubishi UFJ – MTU ($78bn), SMFG ($56bn), Mizuho – MFG ($48bn), Nomura – NMR($23bn)

For Japanese Banks it is hard to understand the long term wave count without first looking at the long-term chart of the Nikkei 225. For simplicity we have labeled the 2008 correction A and the rise to 2014 B – in line with the other global banks. Wave C is to come.
NKY 29-08-30 1989-2013
MTU 2001 - 2014

SMFG  2006 - 2014

MFG 2006 - 2014NMR 1996 - 2014
UK: HSBC ($191bn), Lloyds – LYG ($98bn), Barclays – BCS ($70bn)
HSBC 1999 - 2014

LYG 2001 - 2014

BCS 1988 -2014

Canada: Royal Bank of Canada – RY($96bn), Toronto Dominion Bank – TD ($87bn)
The price performance of the Canadian Banks have been one of the strongest globally with new highs reached in 2013-2014.

RY 1996 - 2014

TD 1996 - 2014
Spain: Banco Santander – SAN ($112bn), BBVA ($71bn)
SAN 1988 - 2014

BBVA 1988 - 2014

Italy: ITUB ($83bn)
ITUB 2002 - 2014

Switzerland: UBS ($78bn)
UBS 2000 - 2014

Germany: DB ($45bn), CBK ($17bn)
DB 1996 - 2014

CBK 2000 - 2014

India: HDFC Bank – HDB ($32bn), ICICI – IBN ($25bn)
HDB 2002 - 2014IBN 2000 - 2014

Brazil: Banco Bradesco – BBD ($64bn)
BBD - 2002 - 2014

Korea: Shinhan Financial Group – SHG ($21bn), KB Financial – KB ($13bn)
SHG 2004 - 2014

KB 2002 - 1014

Australia: CBA ($114bn), WBC ($96bn), ANZ ($83bn), NAB ($70bn), MQG ($17bn)
In US$ terms the 2014 peaks reached in CBA, WBC and ANZ are still below or inline with their 2008 highs.
CBA 2001 - 2014

WBC 1988 - 2014
ANZ 1988 - 2014

NAB 1988 - 2014

MQG 1998 - 2014

Hong Kong: Standard Chartered ($51bn), Hang Seng Bank – 11.HK ($31bn) , Bank of China HK – 2388.HK ($31bn)
2888HK 2002 - 2014

11HK 2000 - 2014

2388HK 2002 - 2014

Singapore: DBS ($33bn), OCBC($27bn), UOB ($25bn)
DBS 2000 - 2014

OCBC 2000 - 2014

UOB 2000 - 2014