1514 GMT - Investors avoiding U.K. domestic banks should reconsider given their expanding market value and continued outperformance, Jefferies says in research note following the annual results of Lloyds Banking Group, NatWest and Barclays. "We may be at the foothills of a marked reappraisal of [cost of equity]. Predictability, not upgrades--although we are still getting those--is the watch word," analyst Jonathan Pierce and associate Priya Rathod write. There is a lot to digest in the results but so far there are few surprises, which is refreshing, they say. Lloyds has risen 25% year to date while Barclays and NatWest are both up around 12%. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 10:14 ET (15:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。