UK banking stocks: what’s the latest this results season, and are they worth a look?

All five major UK banks released their annual results in February, reporting profit increases. But the sector has long been unloved by investors. Are UK banking stocks hidden gems, or better avoided?

natwest
(Image credit: getty images)

It has been a challenging few years for the UK banking sector after valuations took a hit in the aftermath of the Brexit referendum, remaining low to this day.

The trend is reflected among UK equities in general, but banking stocks may present an investment opportunity for some investors if, as some believe, they are undervalued.

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BankPrice/book, Q4 2023
HSBC0.97x
Lloyds0.91x
Natwest Group0.78x
Standard Chartered0.58x
Barclays0.48x
Swipe to scroll horizontally
BankForward dividend yield
Barclays4.89%
Natwest7.45%
HSBC8.21%
Standard Chartered2.64%
Lloyds6.01%
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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.

With contributions from