The UK is underweight not over
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You also have the impact of quantitive easing and all that malarkey. Money doesn’t just disappear, and Governments globally have handed out $$$ to impacted workers.
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Interesting UK bank stocks surged today, as I write:
HSBC +8%
Lloyds +6%
Natwest +6%
Barclays +7%
Only articles /news I can find is the US ‘georgia’ stuff, but not sure how that directly affects UK banks, or is there some lockdown news ive missed this morning.
They’ve become Tesla’s of UK, they will continue to rise without any reason 
@Hbomb
Yea what can I say hope for the best and plan for the worst
Do you prefer lloyds? Or the others?
My favourite is HSBC with its China/international exposure, then for purely UK banks out of other 3 I own some Lloyds (about 1/3rd size of HSBC holding) none of the others.
Interesting looking at Barclays return to shareholders now they can, 1p Dividend but 4p in buybacks so a 5p equivalent, or about 3.3% based on 150p share price. I haven’t read too much into Barclays results as not a shareholder and not interested but seems like many it was trading up, high street profits down.
I sold lloyds few weeks/month ago and moved that into my existing HSBC holding so I only own HSBC out of UK banks, Will be interesting to see what dividend/buyback HSBC announce next week.
Next earnings tomorrow with Natwest, then HSBC & Lloyds next week.
Solid HSBC results.
- Pivot to more focus on Asia and wealth management showing positive growth.
- UK market also up well, boosted by mortgages
- ROTE up to 10.2% from 4.2% a year ago.
- EPS $0.19 for the quarter
I will be holding onto HSBC for now, I think after another couple quarters the new dividend level will be clearer, they did an interim one of $0.15 (10/11p ish) instead of the previous quarterly ones. As they are focusing on 40-55% payout ratio of dividend and potential reinstatement of quarterly in 2022 it will be interesting to see if the strong EPS can continue as the 40-55% of this quarter would be around 6-8p dividend so annualised much higher then the interim that was/is paid.
Oh and why I mention the dividend is that this is a stock seen by many as an income stock in Asia particularly, so once they resume regular divs at known level the stock price will find itself, which I believe to be 500p or higher based on current trajectory, so another 15%+ upside from here ignoring dividends.
I havent bought more, but firmly holding.
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Anyone got input into what UK banking stocks they think the best right now? I have currently sold out of HSBC now as the potential China Evergrande situation could impact its growth areas, so whilst keeping that on radar to enter again in future I am looking at potentially a UK focused bank such as Lloyds, Natwest, Barclays etc. Anyone have any favs and why? I am hoping to div into them next couple of weeks.
Barclays, I’ll just leave this here.
Starling but you will have to hold it indirectly, or try and get in via CubeX.
Have you managed to invest in starling this way?
I actually opened an account just to use for food expenses with starling to see what the fuss was about
Nah I have it through CHRY only. Much better that way as more liquid.
It’s simple but the spaces work well. That and the split bills/requesting payment, it sends out a web link.
Barclays CEO steps down: Barclays boss Jes Staley in shock exit over Epstein inquiry - BBC News
Thoughts on the new CEO, CS Venkatakrishnan ?
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Lloyds is the best
HSBC to exposed to Asia.
Barclays issues atm.
Lloyds has more recovery IMO.
Hi guys,
So its been a couple of years since this thread started.
What are your thoughts on UK banks right now?
@Hbomb who are you holding currently?
Well there are public listed banks, and private banks.
Both I believe are undervalued in general right now so potentially a good entry point, however the markets have generally had negative sentiment towards banks for years.
You can access Starling, Klarna, WISE and Wefox through CHRY to get some private banking / pension / insurance cover at a 50% discount if you believe in the NAV.
Starling is also starting to get into mortgages which could be interesting and was the first profitable neobank.
Then there is Lloyds, NATWest and Barclays. All have decent yields and a decent increase if you believe in the broker forecasts.
The headwinds are negative market sentiment, and rising loan defaults.
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Thanks for that, I’ll take a look at CHRY.
So your not so optimistic on HSBC then? as you have not mentioned them.
It is a huge bank with plenty of scope but I guess people get put off with the exposure to Asia.