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...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes