RE: Bloomberg Jes Staley 7.20am Q3 Results Announcement and Interview24 Oct 2020 16:45
The Tier 1 Cap ratio is over 14% which is quite high and probably allows for dividend payout. Share price is depressed with 0% dividend. Many funds cannot buy 0% yielding shares, so any recommencement of dividend should cause a rise in SP. Mind you, NWG seem to have a higher Tier 1 Cap ration - perhaps slightly higher than 16%, so the prospect of a return to shareholders here could also increase their SP. Their results are out next Friday morning. Fingers crossed again.
Barclays were good. If NWG are also good, then summer could be here as one swallow does not a summer make, but two?????