Financials mash-up: who do you fancy in a cage fight - Lloyds or Metro Bank?
By Chris Bailey | Wednesday 25 October 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Putting a portfolio together involves making decisions by comparing and contrasting one company against many others and wrapping it all up in some overriding sector/macro strategy. Simples, right?! For reasons too obvious to state, the financial sector had a shocker during the global financial crisis and which, in due course, led to the creation of a new competitive grouping - the 'challenger banks'. As one traditional name (Lloyds Bank - LLOY) and one new challenger name (Metro Bank - MTRO) have both reported today, let's compare and contrast and see if either pass muster. Prepare the cage...