Lloyds Leads Decline in Banking Stocks Amid Renewed Brexit Fears

Concern that Britain will leave the EU has hit the share price of major banking groups -  in the UK and on the continent 

Karen Kwok 14 June, 2016 | 11:18AM
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Banking stocks led falls in FTSE 100 yesterday, amid concerns that the UK could vote to leave the European Union  in next week’s referendum.  

Yesterday the UK’s blue-chip index FTSE 100 was down 1.2% at 6045 points at closing time. But the UK retail bank Lloyds Banking Group (LLOY) saw more significant losses, falling 3.2%. The stock has lost 10% year to date.

Other banking stocks in the UK also posted slight declines: Barclays (BARC)’s shares were down 0.8% while Standard Charted (STAN) fell 1.1%. Financial service group Hargreaves Lansdown (HL.) also fell 1.6% yesterday while Schroders (SDR)’s shares were down 1.6%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Banco Bilbao Vizcaya Argentaria SA5.62 EUR0.00Rating
Barclays PLC198.72 GBX-0.37Rating
Commerzbank AG6.24 EUR-0.68Rating
Hargreaves Lansdown PLC1,532.50 GBX-1.19
Lloyds Banking Group PLC49.70 GBX1.51Rating
Schroders PLC3,604.00 GBX-0.88Rating
Standard Chartered PLC489.80 GBX-0.39Rating
UniCredit SpA11.58 EUR1.33Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk