LLDTF - Assessing Survival Potential: Lloyds Banking Group
(Pexels)
The global banking sector has been among the hardest hit by COVID-19 and its economic crisis. Banking remains an area of high investor fear after the massive wave of bankruptcies from 2008 to 2012. Due in part to that fear, it has seen extreme losses with most banking stocks falling 40-60% from February to March. While many equities have recovered, most banks remain around March lows.
As detailed in "KBE: Banks Are The Dip-Buying Opportunity You've Been Looking For," investors seem to be placing too much discounting on banks compared