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

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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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aviva PLC278.10 GBX1.76
Barclays PLC111.54 GBX6.96
BlackRock Inc637.31 USD0.34
HSBC Holdings PLC321.40 GBX4.71
JPMorgan Chase & Co103.93 USD1.76
Legal & General Group PLC197.40 GBX2.12
Lloyds Banking Group PLC29.29 GBX4.91
Standard Life Aberdeen PLC242.50 GBX0.66

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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