Already the most over-regulated, over-capitalized and over-taxed bank in the West world, It feels like the handcuffs they’ve been struggling with have just been handcuffed city Street lights.
In fact, when the country is in distress, big banks have given huge dividends to Manchester City. investor It will be a grim one. Divi caps may not be financially necessary, but they save the industry from another public relations disaster.
But that is all over. After surviving the real-world stress test of the global pandemic, they can now release the funding wall they built in the past 18 months. Not only that, they can also yell in the forthcoming half-year profit report to remind potential new shareholders of their attractiveness.
The question is, will it affect the stock price?Definitely should, especially in Lloyd, Has the largest remaining capital.
However, Lloyds Bank is more than just a bonus game. Although the uncertainty of the new CEO always needs to be considered (HSBC’s Charlie Nunn arrives in August), there are other reasons for hope. Its huge market share limits the potential for mortgage expansion, but from the perspective of consumer spending, unsecured loans may see substantial growth by the end of this year.
With its new cost-effective setup, this may herald an era of profit growth, and even after a 47% increase so far this year, its share price has not reflected. buy.
