1305 GMT - Larger U.K. banks with funding advantages are well placed to benefit from favorable margin dynamics, which should lead to further sector consolidation, J.P. Morgan says in a research note. The pressure on mortgage margins, which risk remaining structurally lower, could be one of the drivers of this, analysts Sheel Shah and Kian Abouhossein write. "We see consolidation across the sector as the natural path--with Natwest/HSBC best positioned given inorganic growth ambitions towards natural market shares, and stronger currencies, while we see Lloyds as more non-[net interest income] focused," they write. Potential opportunities include attractive mortgage portfolios in Metro Bank and Bank of Ireland, they note, also highlighting listed challenger banks which offer the opportunity for funding optimization with lending operations in under-penetrated segments for larger banks. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 17, 2025 09:05 ET (13:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。