Worries over living costs and a deteriorating credit cycle have weighed on the sector
Thursday 05 May 2022 Author: Mark Gardner
The key takeout from the UK banks’ first quarter earnings season is that the market is more focused on a deteriorating credit cycle than the fact reported earnings exceeded forecasts. This was reflected in languishing share prices for companies apart from emerging markets-focused Standard Chartered ( STAN ) where its stock price jumped 14% following its earnings release. There are several reasons for the general muted response to a...