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RBSpF - Lloyds Banking Group: Fully Valued
April, 06 2021 11:56 AM
Royal Bk Scotland Grpplc
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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