|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.4600 - 1.4600|
|52-week range||0.7160 - 2.1300|
|Beta (5Y monthly)||2.69|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The group revealed lending of £12.3 billion for the three months to the end of September, while deposits fell 1% quarter-on-quarter to £16.4 billion.
"We are seeing signs of a gradual return to normality and have adopted a hybrid way of working for office-based colleagues," Chief Executive Officer Daniel Frumkin said. Metro, one of the newer banks set up to rival Britain's traditional lenders, has been focussing on consumer lending as it strives to turn a profit since a major accounting error in 2019. "While Metro's loans and deposits are, at Q3, below the run-rate needed to achieve our second half 2021 forecast , the level and mix are likely net interest margin and capital positive," Jefferies analysts, who have a 'buy' rating on the stock, said.
The big shareholder groups in Metro Bank PLC ( LON:MTRO ) have power over the company. Large companies usually have...