This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Shares technically nursing a downtrend since Feb highs, potentially even forming a 2-week bearish descending triangle that could ultimately take the shares back towards 220p. Doubts about Trump getting policy like bank deregulation through congress. Concerns that inability to enact pro-growth stimulus means less inflation and thus less Fed rate hikes which is a negative for banks. Still struggling with legacy issues and legal problems in the US.
Consensus is neutral, but with a bearish leaning. This means potential for downgrades, especially as target prices are split 50/50 between seeing upside or downside. The share price is sitting just above the consensus target, meaning potential for a small sell-off, which is all we are looking for on this short-term trade.
Next Event: Q1 results, 28 Apr
Latest Broker 12-Month Consensus: 11% Buy, 56% Hold, 33% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -0.5 | 2.3 | 3.3 | 36.7 | 6.8 | -30.4 | -20.9 | -13.9 | -16.7 |
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