Banking Stocks Continue to Tumble Post Brexit

RBS, Lloyds and Barclays shares have all fallen in value, as doubts around London's future as a global financial hub grow

Emma Wall 27 June, 2016 | 12:08AM
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After clawing back the losses made during the financial crisis, the outlook for high street banks at the beginning of the year looked brighter, with Lloyds forecasting significant dividend growth and investors benefitting from share price growth in all four major high street banks.

But this morning trading has been suspended in Royal Bank of Scotland (RBS), Lloyds (LLOY) and Barclays (BARC) following dramatic 10% plus drops in their share prices.

RBS has seen shares drop by 15% in mid-day-trading – meaning the bank has erased gains made over the five years, to return to levels last seen in 2012.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC180.00 GBP0.00Rating
Barratt Developments PLC753.80 GBP0.00
easyJet PLC1,032.50 GBP0.00Rating
Lloyds Banking Group PLC46.68 GBP0.00Rating
NatWest Group PLC191.00 GBP0.00Rating
Persimmon PLC3,103.00 GBP0.00
Taylor Wimpey PLC177.00 GBP0.00

About Author

Emma Wall  is former Senior International Editor for Morningstar

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