Banks are to reveal whether Britons are benefiting from lower interest rates in their first major update since borrowing costs were cut this summer. Investors will be keen to see if July's rate cut has been passed on to mortgage and loan customers as Barclays, NatWest and Lloyd's report third quarter results this week. Barclays is set to announce earnings of £2 billion, up from £1.9 billion and NatWest £1.5 billion up from £1.3 billion. Investors will also study loan and deposit growth, any asset impairments, litigation costs and cash returns to investors. That is key to why analysts think banks may struggle to grow earnings substantially from here.'

Source: Daily Mail October 19, 2024 20:57 UTC