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Zacks.com announces the latest Industry Outlook. Today's outlook from Zacks Equity Research analyst Ann Heffron discusses the Non-US Banks sector. Highlighted stocks include: The Royal Bank of Scotland Bank plc (NYSE: RBS), Lloyds TSB Group plc (NYSE: LYG), Barclays PLC (NYSE: BCS), Banco Santander Central Hispano, S.A. (NYSE: STD) and Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBV).

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Here is the latest on the Non-US Banks sector:

At this time, we see no near-term opportunities in this space.

Stocks that could prove especially problematical include banks who participate in government recapitalization programs, such as The Royal Bank of Scotland Bank plc (NYSE: RBS) or Lloyds TSB Group plc (NYSE: LYG). In return for the government capital, these banks must submit to other government intervention, including limits on dividend payouts and nomination of board members. This will limit their financial flexibility for a while, which could hurt stock performance.

In addition, other banks have been forced to strengthen capital through rights offerings or other forms of capital increase, such as Barclays PLC (NYSE: BCS) and Banco Santander Central Hispano, S.A. (NYSE: STD), significantly diluting existing shareholder interests, also a negative for share prices.

Current Sells include Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBV), and Banco Santander Central Hispano.

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