Fears over the impact of internet banking easing

Fears regarding the establishment of internet banks and their impact on traditional incumbents have ...

Fears regarding the establishment of internet banks and their impact on traditional incumbents have eased and the market seems more confident existing banks will be able to compete against their web-based competitors. In the first quarter of the year the share prices of many banks bottomed out. From a one year high in June 1999 of 944p LloydsTSB fell to 503p. Since then prices have performed well with stocks also providing above market average yields. The share price of Lloyds- TSB has come back to 611p, offering a yield of 4.3%, while the FTSE All Share offers a yield of 3.29%. The mark...