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home / news releases / RBSpF - Lloyds Banking Group: Fully Valued


RBSpF - Lloyds Banking Group: Fully Valued

  • Following the FY20 result, I provide an updated normalized earnings framework for Lloyds.
  • UK banks have performed very well so far in 2021 and investors should be realistic about further upside potential given current valuations.
  • With a solid balance sheet, Lloyds has capacity to increase dividends over time.
  • I downgrade my rating to Neutral on valuation grounds.

For further details see:

Lloyds Banking Group: Fully Valued
Stock Information

Company Name: Royal Bk Scotland Grpplc
Stock Symbol: RBSpF
Market: OTC
Website: natwestgroup.com

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