Major Bank Ratings | Berenberg: Initial Coverage of the Three Major UK Local Banks, Profitability Visibility Holds Structural Advantages
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Glonghui, June 24th – Berenberg analyst Michael Christodoulou has initiated research coverage on the UK’s three major domestic banks, assigning “Buy” ratings to Barclays and NatWest, and a “Hold” rating to Lloyds Bank. The analyst noted that although these bank stocks are trading at a discount, their earnings visibility offers a structural advantage.
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