HSBC, Lloyds earnings preview: strategy & dividends
Fiona Cincotta February 22, 2021 9:55 AM
HSBC is due to report on Tuesday 23rd February and Lloyds on Wednesday 24th February. Here's what to watch:
HSBC is due to report on Tuesday 23rd February.
Lloyds reports on 24th February.
Profits are expected to fall sharply owing to bad loan write offs in the region of £4.7 billion.
Pre-tax profits are expected to drop to £905 million, down from £4.4 billion a year earlier.
The dividend is expected to be reinstated at 1p.
Net Interest Income will also be closely watch as it measures what Lloyds makes from mortgages. This figure could remain pressurized as interest rates remain historically low.
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