UK banks begin reporting annual results next week. Here’s how much the analysts expect each of the Big Five made in 2021.
Bank have come a long way since the dark days of 2008. Fourteen years ago, the sector was on the brink of collapse. Some lenders didn’t survive, others did by the skin of their teeth and with massive government assistance. Those that made it either saw profits collapse, or lost money.
Subsequent years saw the industry pay billions in fines for any number of misdemeanours and absorb hefty impairment charges. But action taken by regulators and the banks themselves have repaired broken balance sheets and created more robust businesses better able to handle a crisis.
- Our outlook for 2022: key topics and investment ideas for the year ahead
- Watch our share tips here and subscribe to the ii YouTube channel for free
A look at profits being made by the Big Five listed UK banks is evidence of progress made. But while profits in recent years appear eye-popping, they are likely to be dwarfed by results for 2021.
With Standard Chartered (LSE:STAN) due to kick off the UK banking sector’s earnings season on 17 February, we’ve ranked the banks in order of profitability in 2020 to create a league table. We’ve also added what analysts think they made in 2021.
We’ll update the table below when Lloyds Bank (LSE:LLOY) brings proceedings to an end on 24 February.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.