Metro Bank's Update Reassures -- Market Talk

Dow Jones

May 08, 2025

0801 GMT - Metro Bank shares rise to their highest price in five months after the high-street lender's first-quarter update, in which it confirmed it is on track to meet its guidance. Shares were up 3.6% to 108 pence, their highest price since late November. It was reassuring to learn that the quarter was profitable, analyst John Cronin of SeaPoint Insights says. This evidences that the asset rotation and deposit optimisation strategy is working, he says. The reduction in net loans encompasses a portfolio disposal and the run-off of the rest of consumer and government-backed lending portfolios, showing that there is some core net loan growth coming through too. The fall in deposits is also a good thing as this reflects funding-cost optimization, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 04:01 ET (08:01 GMT)

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Shares were up 3.6% to 108 pence, their highest price since late November. It was reassuring to learn that the quarter was profitable, analyst John Cronin of SeaPoint Insights says. This evidences that the asset rotation and deposit optimisation strategy is working, he says. The reduction in net loans encompasses a portfolio disposal and the run-off of the rest of consumer and government-backed lending portfolios, showing that there is some core net loan growth coming through too. The fall in deposits is also a good thing as this reflects funding-cost optimization, he adds. 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Shares were up 3.6% to 108 pence, their highest price since late November. It was reassuring to learn that the quarter was profitable, analyst John Cronin of SeaPoint Insights says. This evidences that the asset rotation and deposit optimisation strategy is working, he says. The reduction in net loans encompasses a portfolio disposal and the run-off of the rest of consumer and government-backed lending portfolios, showing that there is some core net loan growth coming through too. The fall in deposits is also a good thing as this reflects funding-cost optimization, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 04:01 ET (08:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6130","symbol_name":"综合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533920090","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533920090","pubTimestamp":1746691260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0801 GMT - Metro Bank shares rise to their highest price in five months after the high-street lender's first-quarter update, in which it confirmed it is on track to meet its guidance. Shares were up 3.6% to 108 pence, their highest price since late November. It was reassuring to learn that the quarter was profitable, analyst John Cronin of SeaPoint Insights says. This evidences that the asset rotation and deposit optimisation strategy is working, he says. The reduction in net loans encompasses a portfolio disposal and the run-off of the rest of consumer and government-backed lending portfolios, showing that there is some core net loan growth coming through too. The fall in deposits is also a good thing as this reflects funding-cost optimization, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6130":"综合零售","M01.SI":"美罗","BK6026":"百货商店","BK6514":"零售商股"},"translate_title":"Metro Bank的更新令人放心——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M01.SI":1},"content_text":"0801 GMT - Metro Bank shares rise to their highest price in five months after the high-street lender's first-quarter update, in which it confirmed it is on track to meet its guidance. Shares were up 3.6% to 108 pence, their highest price since late November. It was reassuring to learn that the quarter was profitable, analyst John Cronin of SeaPoint Insights says. This evidences that the asset rotation and deposit optimisation strategy is working, he says. The reduction in net loans encompasses a portfolio disposal and the run-off of the rest of consumer and government-backed lending portfolios, showing that there is some core net loan growth coming through too. The fall in deposits is also a good thing as this reflects funding-cost optimization, he adds. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 04:01 ET (08:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}