<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/93497544-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>英国银行在 2023 年表现强劲。劳埃德银行（Lloyds Bank，伦敦证券交易所代码：LLOY）股价在周五飙升至 52.58 便士，较今年 2 月以来的最低水平高出 28%。同样，国民西敏银行（NatWest）股价上涨至 259 便士，也比年初至今的最低点高出 33%。</p>
<h2>劳埃德、巴克莱、国民西敏和汇丰银行正在飙升</h2>
<p>汇丰银行（HSBC，伦敦证券交易所代码：HSBA）股价飙升至 628，较 2023 年的最低点大幅上涨。巴克莱银行的情况也是如此，正如我在这里所写的 <strong>。</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/03/image-196-1024x570.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/03/image-196-1024x570.png"/></p>
<p><em>汇丰 vs 劳埃德 vs 巴克莱股票</em></p>
<p>这些银行持续上涨主要有两个原因。首先，英格兰银行（BoE）一直表现出相当的支持。在周四的会议上，该银行决定将利率维持在 5.25% 不变，这是十多年来的最高水平。</p>
<p>大多数银行从高利率中受益，因为这通常会导致更多的净利息收入（NII）。最新的财务结果显示，劳埃德的净利息收入跃升至超过 138 亿英镑，增长了 5%。</p>
<p>同样，国民西敏银行的全年利润为 44 亿英镑，净利息利润率为 3.04%。汇丰银行作为英国最大的银行，其净利息利润率为 1.66%，净利息收入超过 100 亿英镑。</p>
<p>预计这些银行今年将继续保持这样的业绩，因为利率预计将维持在较高水平。分析师预计英格兰银行今年将降息约 75 个基点。在一份声明中，彭博社的分析师表示：</p>
<blockquote>
<p>“投票分歧出现了鸽派转变，并承认即使放松政策，其政策立场仍将保持限制性。”</p>
</blockquote>
<h2>英国银行被严重低估</h2>
<p>这些银行的股价上涨还因为市场普遍认为它们与美国和欧洲同行相比严重低估。劳埃德的市净率为 0.67，而国民西敏和汇丰的市净率分别为 0.57 和 0.82。</p>
<p>这些市净率远低于其他大型银行。摩根大通的市净率为 1.75，而意大利联合信贷银行为 0.90。高盛的市净率为 1.20。市净率是一个重要的指标，因为它比较了股价与账面价值。</p>
<p>考虑到理论上它们是行业中最安全的银行之一，英国银行的估值也相对便宜。它们大多数的核心一级资本充足率（CET1）超过 14，意味着它们的资产负债表相对安全。</p>
<p>尽管如此，这些公司仍面临一些挑战。周四，我们报道了巴克莱银行在其投资银行部门裁员数百人的消息。劳埃德也裁减了 1600 个职位，并关闭了一些分支机构。</p>
<p>国民西敏银行裁减了 500 个职位，而汇丰则裁减了超过 500 个职位，并退出了一些市场。因此，投资者认为这些裁员将导致更多利润，因为利率开始下降。</p>
<p>本文的标题为《劳埃德、国民西敏和汇丰股价飙升的原因》首次出现在 Invezz 上。</p>

NWG.WI

苏格兰皇家银行

汇丰控股

汇丰

<p>包括劳埃德银行、苏格兰皇家银行和汇丰控股在内的英国银行在 2023 年经历了显著的股价上涨，这得益于英格兰银行的支持政策和高利率。劳埃德银行的股价上涨至 52.58 便士，苏格兰皇家银行上涨至 259 便士，汇丰控股上涨至 628 便士，均反映出与年初低点相比的显著涨幅。分析师指出，这些银行相较于其美国和欧洲同行被低估，且市净率较低。然而，它们也面临挑战，包括裁员，投资者认为这可能会在利率预计下降的情况下提升盈利能力</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/05/93497544-m-normal-none.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2023/05/93497544-m-normal-none.jpg"/></p>
<p>British banks are roaring in 2023. Lloyds Bank(LON: LLOY) share price surged to 52.58p on Friday, 28% above its lowest level since February this year. Similarly, NatWest stock jumped to 259p, also 33% higher than the YTD low.</p>
<div class="lb-trans"><p>英国银行在 2023 年表现强劲。劳埃德银行（Lloyds Bank，伦敦证券交易所代码：LLOY）股价在周五飙升至 52.58 便士，较今年 2 月以来的最低水平高出 28%。同样，国民西敏银行（NatWest）股价上涨至 259 便士，也比年初至今的最低点高出 33%。</p>
</div><h2>Lloyds, Barclays, NatWest, and HSBC are soaring</h2>
<div class="lb-trans"><h2>劳埃德、巴克莱、国民西敏和汇丰银行正在飙升</h2>
</div><p>HSBC (LON: HSBA) share price spiked to 628, a double-digit jump from the lowest point in 2023. The same is true Barclays, as I wrote here <strong>.</strong></p>
<div class="lb-trans"><p>汇丰银行（HSBC，伦敦证券交易所代码：HSBA）股价飙升至 628，较 2023 年的最低点大幅上涨。巴克莱银行的情况也是如此，正如我在这里所写的 <strong>。</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/03/image-196-1024x570.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/03/image-196-1024x570.png"/></p>
<p><em>HSBC vs Lloyds vs Barclays shares</em></p>
<div class="lb-trans"><p><em>汇丰 vs 劳埃德 vs 巴克莱股票</em></p>
</div><p>These banks have continued soaring for two main reasons. First, the Bank of England (BoE) has been quite supportive. In its meeting on Thursday, the bank decided to leave interest rates unchanged at 5.25%, its highest level in over a decade.</p>
<div class="lb-trans"><p>这些银行持续上涨主要有两个原因。首先，英格兰银行（BoE）一直表现出相当的支持。在周四的会议上，该银行决定将利率维持在 5.25% 不变，这是十多年来的最高水平。</p>
</div><p>Most banks benefit from high-interest rates because they usually lead to more net interest income (NII). The most financial results showed that Lloyds’s net interest income jumped to more than £13.8 billion, a 5% increase.</p>
<div class="lb-trans"><p>大多数银行从高利率中受益，因为这通常会导致更多的净利息收入（NII）。最新的财务结果显示，劳埃德的净利息收入跃升至超过 138 亿英镑，增长了 5%。</p>
</div><p>Similarly, NatWest had a full-year profit of £4.4 billion and a net interest margin of 3.04%. HSBC, the biggest UK bank by assets, had a net interest margin of 1.66% and NII of over £10 billion.</p>
<div class="lb-trans"><p>同样，国民西敏银行的全年利润为 44 亿英镑，净利息利润率为 3.04%。汇丰银行作为英国最大的银行，其净利息利润率为 1.66%，净利息收入超过 100 亿英镑。</p>
</div><p>These banks will likely continue making these numbers this year as interest rates are expected to remain higher for longer. Analysts expect the Bank of England to cut interest rates by about 75 basis points this year. In a statement, analysts at Bloomberg said:</p>
<div class="lb-trans"><p>预计这些银行今年将继续保持这样的业绩，因为利率预计将维持在较高水平。分析师预计英格兰银行今年将降息约 75 个基点。在一份声明中，彭博社的分析师表示：</p>
</div><blockquote>
<p>“There was a dovish shift in the vote split and an acknowledgment that its policy stance will remain restrictive even if it eases.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“投票分歧出现了鸽派转变，并承认即使放松政策，其政策立场仍将保持限制性。”</p>
</blockquote>
</div><h2>UK banks are highly undervalued</h2>
<div class="lb-trans"><h2>英国银行被严重低估</h2>
</div><p>These banks have also jumped because of the perception that they are severely undervalued compared to their American and European peers. Lloyds has a price-to-book ratio of 0.67 while NatWest and HSBC have ratios of 0.57 and 0.82, respectively.</p>
<div class="lb-trans"><p>这些银行的股价上涨还因为市场普遍认为它们与美国和欧洲同行相比严重低估。劳埃德的市净率为 0.67，而国民西敏和汇丰的市净率分别为 0.57 和 0.82。</p>
</div><p>These P/B ratios are much lower than other large banks. JPMorgan has a P/B multiple of 1.75 while Unicredit has 0.90. Goldman Sachs has a P/B ratio of 1.20. The price-to-book ratio is an important figure because it looks at its share price compared to its book value.</p>
<div class="lb-trans"><p>这些市净率远低于其他大型银行。摩根大通的市净率为 1.75，而意大利联合信贷银行为 0.90。高盛的市净率为 1.20。市净率是一个重要的指标，因为它比较了股价与账面价值。</p>
</div><p>UK banks are also cheap, considering that, in theory, they are among the safest ones in the industry, Most of them have a CET1 ratio of over 14, meaning that their balance sheets are much safe.</p>
<div class="lb-trans"><p>考虑到理论上它们是行业中最安全的银行之一，英国银行的估值也相对便宜。它们大多数的核心一级资本充足率（CET1）超过 14，意味着它们的资产负债表相对安全。</p>
</div><p>Still, these companies are facing some challenges. On Thursday, we reported that Barclays is laying off hundreds of workers in its investment banking division. Lloyds is also cutting 1,600 jobs and closing some of its branches.</p>
<div class="lb-trans"><p>尽管如此，这些公司仍面临一些挑战。周四，我们报道了巴克莱银行在其投资银行部门裁员数百人的消息。劳埃德也裁减了 1600 个职位，并关闭了一些分支机构。</p>
</div><p>NatWest is culling 500 jobs while HSBC is slashing more than 500 jobs and exiting some of its markets. Therefore, investors believe that these job cuts will lead to more profits as interest rates start falling.</p>
<div class="lb-trans"><p>国民西敏银行裁减了 500 个职位，而汇丰则裁减了超过 500 个职位，并退出了一些市场。因此，投资者认为这些裁员将导致更多利润，因为利率开始下降。</p>
</div><p>The post Here’s why the Lloyds, NatWest, and HSBC share prices are surging appeared first on Invezz</p>
<div class="lb-trans"><p>本文的标题为《劳埃德、国民西敏和汇丰股价飙升的原因》首次出现在 Invezz 上。</p>
</div>

Here’s why the Lloyds, NatWest, and HSBC share prices are surging

- 英国银行在 2023 年股价暴涨，Lloyds 股价上涨 28%。  
- 银行股价上涨主要受益于英格兰银行维持高利率政策。  
- 不过，这些银行面临裁员挑战，预计将提高未来利润。

以下是 Lloyds、NatWest 和汇丰股价上涨的原因