Lloyds shares might be losing some momentum heading into the end of summer, however the stock still offers some value in the face of economic uncertainty. Lloyds has a share price of 44.5p and has fallen 6.8% year-to-date, marking a potential opportunity to swoop in and grab the banking share at decent value. The stock […]

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Lloyds shares are never absent from the blue chip spotlight, however the collective market magnifying glass has intensified this week on the release of the latest UK inflation data, which revealed the economy had hit the dreaded double-digits at 10.1% nationwide inflation. Interest rates are currently at 1.75% and set to rise further, if the […]

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HSBC shares gained 5.5% to 542p in early morning trading on Monday, after the banking firm announced an $800 million post-tax profit growth to $9.2 billion in HY1 2022. The bank reported a reported pre-tax profit fall of $1.7 billion to $9.2 billion, reflecting a net charge for expected credit losses and additional credit impairment […]

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Standard Charted shares fell 0.5% to 563.7p in late afternoon trading on Friday following an announced HY1 2022 pre-tax profit growth of 19% to $2.8 billion, beating market expectations. The banking firm benefited from rising interest rates, with the latest Bank of England meeting hiking rates 1.25% in a move to tackle soaring inflation. Analysts […]

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NatWest shares flew 6.8% to 245.8p in early morning trading on Friday in light of a pre-tax operating profit ahead of management expectations of £2.6 billion in HY1 2022. The banking firm reported a return on tangible equity of 13.1% and a cost:income ratio of 58.3% compared to 67.6% the last year. NatWest highlighted a […]

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Close Brothers Group shares increased 2% to 1,093p in early morning trading on Friday, after the company reported a Banking loan book growth of 1.8% to £8.8 in correspondence to a 3.7% rise year-to-date. The banking firm attributed its positive results to strong new business volumes in Commercial and Motor Finance, with resumed trading in […]

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New York-based investment bank Goldman Sachs (NYSE:GS) has outperformed Wall Street analysts’ predictions with a jump in profits, as its investment banking, wealth management and bond, currency and commodities trading divisions all thrived during the pandemic. Goldman Sachs reported quarterly revenue of $11.74 billion, up 18% from a year ago, and posted net income of […]

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BNP Paribas has reported a surge in trading revenues, helping France’s biggest bank to beat Q3 expectations. For the three months to September, the lender revealed a 2.3% drop in net income to €1.9bn (£1.7bn), which beat expectations of €1.5bn. Pretax profit from the global markets unit surged 67% to €648m whilst overall revenues at […]

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Santander has upgraded its full-year forecasts as the lender returned to profit for the third quarter. Net profit at Santander rose to €1.75bn, which is three times the profit a year previously. Underlying profit increased by 18% on the second quarter. The Spanish lender raised the profit forecast for the year to €5bn. “These results […]

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Having bounced back from a five-month low on Thursday, the FTSE decided it would spend Friday in full rebound mode, thanks to banking stocks. Enjoying a financial sector surge, the FTSE 100 gleefully watched Lloyds, HSBC, and Standard Chartered all rally more than 4% apiece. The real winner, though, was Barclays (LON:BARC), having booked a […]

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TSB – owned by Spanish firm Banco de Sabadell (BME:SAB) since 2015 – has seen its shares emerge unscathed on Wednesday afternoon despite the news that the bank plans to shut 164 branches and cut up to 1,000 jobs across the UK. Blaming the decline in customers visiting high street banks on the coronavirus pandemic, […]

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Leaked documents belonging to the so-called FinCEN Files – a collation of 2,657 banking documents, of which 2,100 have been classified as ‘suspicious activity reports’ – have revealed that HSBC (LON:HSBA) allowed the fraudulent transfer of $80 million into accounts based in Hong Kong between 2013 and 2014, despite being aware that the transaction was […]

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New data presented by Buy Shares has revealed that 14 of the world’s largest banks cumulatively lost $635.33 billion in market capitalisation during the coronavirus pandemic. Some of banking’s biggest names were found to have suffered huge losses, with America’s Wells Fargo down -56.26% in market cap, followed by Spain’s Banco Santander at -46.16%. The […]

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Onesavings Bank (LON: OSB) has reported a 14% fall in pre-tax profits for the six months to the end of June. Compared to £182.2m profits for the first half of 2019, the challenger bank’s profits were hit amid the pandemic. The group’s underlying net loan book grew by 2% to £18.5bn in the period. Application […]

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Standard Chartered PLC (LON:STAN) have seen their profits rise within their annual profits published on Thursday. The banking firm reported double digit profit growth across 2019, but noted that it does not expect to meet its medium term targets next year. Standard Chartered added that amid slowing economic growth, medium term targets would be harder […]

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Multinational investment bank and financial services group HSBC Holdings (LON:HSBA) announced on Tuesday that it would be implementing a large-scale job-cutting programme, as its full-year profit before tax contracted 33% year-on-year, down to $13.3 billion. The company continued to lay on the woeful news, telling investors that it was pessimistic about the outlook for 2020. […]

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With no overstatement, the ascendancy of cryptocurrencies is one of the most intriguing ripples in the financial scene in recent times – if as much theoretically as practically. However, the hype seems to have somewhat dampened in the last year or so following the Bitcoin crash, which saw its value fall from £14,748 to £2,529 […]

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British banking services company Lloyds Banking Group PLC (LON: LLOY) shares look good value for money, despite ongoing uncertainty and today’s PPI cost announcement. With the PPI compensation claim deadline being hit on the 20th of August 2019, Lloyds announced the final bill for what became a torrent of claims in the closing hours of […]

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Provider of software for master data management and business analytics Maestrano Group (AIM: MNO) has seen its share price dip following news that the platform it had delivered to an Australian banking client was to be decommissioned, as a result of ‘a change customer priorities’. As opposed to being a purely banking platform, the platform […]

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Bricks and mortar or ones and zeroes? While you’d be hard-pressed to find a bank headquarters made of secure, lumbering concrete and gilded gates; the glossy, glass chic towers that denote innovation and financial power may soon become the architecture of the past. Convenient, better-value and putting control in the hands of the consumer. The […]

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