Morgan Stanley Analysis7 Nov 2021 11:09
Extract from the Mail on Sunday today
“Bullish tones from analysts at Morgan Stanley, who reckon NatWest and Lloyds may be in for a bounce.
The investment bank’s most upbeat forecasts predict a 60 per cent gain in their shares, aided by rising interest rates next year.
The analysts also say the risk of ‘stagflation’ – slow economic growth, rising prices and high unemployment – has been overstated.
They are less upbeat on Virgin Money, arguing rising rates will benefit rivals more.…..”