Investors remain concerned about the U.S. banking system following the consecutive failures of regional banks Silicon Valley Bank, Signature Bank, and First Republic Bank. Amid the pessimism surrounding the U.S. banking sector, one could look beyond the geographical boundaries to capitalize on the higher interest rate environment.
To that end, it could be wise to consider fundamentally strong foreign bank stocks Intesa Sanpaolo S.p.A. (ISNPY) and Woori Financial Group Inc. (WF).
