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Q1 results already baked into todays current share price and in line with earlier peer UK banking sector results and expectations, net interest margins remained steady at 3.22%, slight increase in operating costs, surprisingly commercial banking deposits rose, offsetting the decline in retail accounts, impairment charges remain manageable.

Satisfactory set of results, Black Horse now trots onwards to Q2 reporting date.

BP estimated dividend cover around four times 2023 earnings, also still on track to using 60% of 2023 surplus cash flow for share buybacks running parallel with lowering net debt levels and strong investment credit rating.

so far, so good.

( overseas demand for British made goods contracting for the 15th month in a row )

British manufacturers are certainly on the back foot, and are reporting their sharpest falls in activity since 2008 - 09.

Positive Q1 results for investors, profits mainly driven by accounting gains and interest income, strong focus now on profitable asian markets as the bank accelerates its shift from west to east.

A sharp drop in asset prices and liquidity risks arising from margin calls are a real concern for the banking and financial sector. Lloyds has by far the largest UK bank exposure to the repo market with £52Bn or 8.5% of the assets currently sat on its corporate balance sheet.

Wenglishboy

Yes, could become an issue particularly for UK smaller banks who rely on short -term wholesale funding to support long - term illiquid assets.

Mismanaged interest rate exposure and customer deposit migration is becoming a real problem for the American regional banking sector, customer deposits and assets saved, shareholders in the bank wiped out !

Markets were cleary not impressed with Nat - West Q1 numbers, analyst revised 2023 full year forward estimates on inflationary operating costs and sharply rising impairment charges are a growing concern for the bank and investors.

Bunch of Crooks

Whats new ! Unwitting investors load up on shares and drive up prices, the crooks see their opportunity and take away their profit expectations....... thats how markets work.

Will Lloyds surprise investors and " pull a rabbit out of the hat " or will it be a double edged sword of sharply higher interest income and impairment costs ?

For banks to stay competitive and profitable, digital transformation, remote working and cashless payments may become the new norm sooner than later ?

Anticipated bullish Q1 statement from Nat - West management resilient, reassuring and continued momentum in net interest income for now !

Markets take a different view, expect weaker loan growth, higher deposit migration, wholesale funding and operating costs and tightening liquidity later in the year.

On the face of it, half decent set of Q1 results, not so sure about the record unsecured cedit card borrowing at a time of falling household incomes and high inflation, could come back to bite the banks if UK economic conditions deteriorate further later this year.

Asian business divsions looking top - notch, particularly Hong - Kong and Singapore, the paths of future prosperity all lead to Southeast Asia.

Deposit migration from smaller US regional banks to the major banking giants all point towards more consolidation for the sector. Today there is at least $9.2 Trillion of uninsured bank deposits in America.

American financial regulators need to take urgent action to safeguard customer deposits and prevent a future catastrophic meltdown for the regional banking sector.

The prospect of a presidential Biden - Trump rematch in 2024 will leave the Kremlin and Beijing in fits of laughter.

Twitter helped to push Silicon Valley over the edge, social media - driven banks runs are now a real systemic risk to sector.

Net interest margins are now close to peaking while capital and liquidity positions remain strong, wholesale funding costs inflationary pressures and increased impairment charges will remain a primary concern for the sector.

RicheRich78

Not my suggestion, Douglas Ross leader of the Scottish Conservatives before he was lambasted by his fellow English Tory MPs at Westminster, Scotland will vote for what is best for Scotland, sometimes in life hard difficult decisions have to be made and that includes putting your country before party politics, if that results in Conservative voters tactically voting in Scotland to keep out the SNP and preventing the break - up of the United Kingdom so be it !

Saving the Union from imploding is now the priority, Conservative voters should tactically back the Labour Party in Scotland at the next General Election to remove the SNP and prevent another Independence Referendum.

Thanks to high interest rates, American banks are now sitting on $2.2 Trillion unrealized losses on their balance sheets....... worrying !