FORTIS - Screaming BUY!

Hello,
Last time I updated this blog I talked on selling in May. We sold in the peak of the european markets! :-)
Now, I write this little update because I find many opportunities in european banks.
I will post the chart latter on, but FORTIS is a incredible SCREAMING BUY!
It's quoted at 20,93€ and is quoted with a P/E of 7.5 and a PBV of 1,5.
The dividend yield is above 6%.

This is for sure one of the best picks that I found in the last years. I don't have any doubt that there are much more in european banks. But please, avoid to buy investment banks like Deutsche Bank. Take preference over retail banks like Fortis, BBVA, Santander.

Best regards,
Filipe Vasconcelos