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By Malcolm Stacey | Friday 1 December 2017
Disclosure: I own shares in one or more of the stocks mentioned. 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.
Hello, Share Miners. The four big British banks are still avoided like rattlesnakes by many share shifters. But there will come a time when everybody finally forgets what happened in 2008 - and most of the other banking shocks, since.
For one thing, all those compensation claims should mostly be done and dusted by now. Some interfering Americans may try and wrest more cash by way of fines, but on the whole UK banks should be settling back to normality.
There was good news this week when the Bank of England decided that, even if Brexit has a disastrous effect on the City, all UK banks have enough reserves to withstand the hurricane. The chances are that Brexit will not have such a crippling effect. So the fact that banks are given a safety endorsement speaks rather a lot for their chances of forging ahead. Actually, their profits have been growing for the last few years, but only slowly. As we all need banks, and the government won’t let them fail, the future seems brighter, don’t you think? But which of the big four should attract our cash?
The Honkers Bonkers (HSBA) share price has been stalled for some months now on the situation with Korea, as Big Donald weighs in and the rest of the Far East becomes worried. So perhaps not this bank, though the dividend is juicy at 5.1%. RBS (RBS) has been improving its share price the most recently. But it still doesn’t pay a divi. That leaves Barclays (BARC) and Lloyds (LLOY).
It seems to me that Barclays’ share price has been the most disappointing over the last few years, but it seems to be creeping ahead now. The yield I have is 3.1%. While the Lloyds share price has been mud-bound for a long period. It does, however, present a jolly yield at 3.5%.
So I would prefer Lloyds. Though I still hold shares in the other three, always hoping for that long-awaited resurgence of prosperity. Maybe now’s the time.
And now why not call in at the Punter’s Return?
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