Investors Seek Out Banking Stocks Post Brexit Volatility

Financial stocks rebounded after Brexit, but these stocks might struggle going forward, Morningstar analysts warned

Karen Kwok 8 September, 2016 | 2:04PM
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Financial stocks have regained much of their post-Brexit losses, and as the share prices climbed, so too has investors’ interest in the sector piqued. In fact, according to Morningstar.co.uk data, banking and financial services stocks were the most popular among readers in August.

Lloyds Bank was the most clicked on stock on Morningstar.co.uk last month, followed by Legal & General and HSBC. Also in the top 10 were Aviva, Barclays and Standard Life.

Financial Stocks Rebound Post Brexit Vote

Financial stocks tumbled on the result day of European Union referendum, however they have no recovered to levels similar to those at the beginning of the year.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aviva PLC399.70 GBX0.43Rating
Barclays PLC197.82 GBX1.76Rating
BlackRock Inc907.26 USD1.65Rating
HSBC Holdings PLC434.20 GBX1.92Rating
JPMorgan Chase & Co167.00 USD2.14
Legal & General Group PLC279.10 GBX-0.85
Lloyds Banking Group PLC49.12 GBX1.39Rating
Standard Life Aberdeen PLC257.00 GBX-0.58

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk