Lloyds Banking Group Should See Faster Growth Than Peers -- Market Talk

Dow Jones03-20 09:10

0908 GMT - Lloyds Banking Group is set to see faster and more sustainable income growth than NatWest and Barclays, HSBC says in a research note. This should allow the U.K. domestic bank to see the biggest uplift in return on tangible equity, analyst Robin Down writes. The bank's more diversified business model and fee income growth makes it the best placed to benefit as costs and risk-weighed assets inflation remains low, he notes. "Indeed that growth is enough to offset our concerns around motor finance provisions" Down says, referring to U.K.'s regulatory probe on car loans. HSBC lifts the stock rating to buy from hold and its target price to 85 pence from 61 pence. Shares edge up 0.1% to 70.66 pence and are up 29% since the start of the year. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

March 20, 2025 05:10 ET (09:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment