MTRO.L - Metro Bank PLC
| Previous close | 198.80 |
| Open | 205.00 |
| Bid | 197.70 x 0 |
| Ask | 199.80 x 0 |
| Day's range | 196.20 - 215.29 |
| 52-week range | 155.20 - 2,216.00 |
| Volume | 2155846 |
| Avg. volume | 3,160,305 |
| Market cap | 340M |
| Beta (5Y Monthly) | 0.58 |
| PE ratio (TTM) | 16.84 |
| EPS (TTM) | 11.70 |
| Earnings date | 23 Oct 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 2,750.62 |
- Fool.co.uk
My best stock tips of 2019
What were your best stock calls in 2019? Here are three of mine that turned out right.
- Yahoo Finance UK
What to Watch: Metro Bank CEO quits, AJ Bell's strong year, and Daily Mail profits slips
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Bloomberg
U.K.’s Worst Stock of 2019 Gets New Leadership For New Year
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Metro Bank Plc is set to end 2019 as the U.K.’s biggest laggard, leaving a big task for new leadership to turn around the company and its beleaguered shares.Metro’s 89% drop this year is the worst performance among stocks on the FTSE All-Share benchmark tracking companies listed on London’s main market. The lender’s decline exceeds the 83% plunge for cash-strapped fertilizer-miner Sirius Minerals Plc and the 80% drop for embattled construction services group Kier Group Plc.The challenger bank on Wednesday said Chief Executive Officer Craig Donaldson will depart at the end of the year and will be replaced by Chief Transformation Officer Dan Frumkin as interim CEO while the bank searches for a permanent replacement. Earlier this year, founder Vernon Hill also stepped down as chairman.The shares have sunk over the past 12 months amid a probe by regulators, revealed in February, into how it missclassified certain assets. Concern around deposit withdrawals added momentum to the decline, with the company issuing new equity in May to improve its capital position.“We doubt that a new CEO or plan can resurrect its languishing shares or address its mounting problems,” Bloomberg Intelligence analyst Georgi Gunchev wrote in a note. “Delisting, sale or break-up continue to look like its most viable options.”The shares rose 0.5% as of 9:07 a.m. in London. A spokeswoman for Metro Bank declined to comment on this year’s stock performance.To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Metro Bank CEO Donaldson follows chairman out of door
Donaldson, who has been in the role since 2009 and is one of Britain's longest-serving bank CEOs, will be succeeded on an interim basis by Chief Transformation Officer Dan Frumkin from the start of next year, Metro said in a statement. Metro said in October its chairman and founder Vernon Hill had quit two months early and warned it may have to curb its growth plans after posting a third quarter loss. The bank is under investigation by regulators after disclosing it had under-reported its exposure to higher-risk loans by almost 1 billion pounds ($1.28 billion).
- Reuters - UK Focus
UPDATE 2-Metro Bank CEO Donaldson follows chairman out of door
Metro Bank chief executive Craig Donaldson is leaving after a torrid year in which the British lender was engulfed in a damaging accounting scandal that has also cost it its chairman and wiped 90% off its market value. Donaldson, who has been in the role since 2009 and is one of Britain's longest-serving bank CEOs, will be succeeded on an interim basis by Chief Transformation Officer Dan Frumkin from the start of next year, Metro said in a statement. The bank is under investigation by regulators after disclosing it had under-reported its exposure to higher-risk loans by almost 1 billion pounds ($1.28 billion).
- Reuters - UK Focus
Metro Bank CEO Craig Donaldson to step down
- Simply Wall St.
Have Insiders Been Buying Metro Bank PLC (LON:MTRO) Shares This Year?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
- Bloomberg
Steven Cohen Cuts His Stake in Metro Bank for Third Time
(Bloomberg) -- The private investment vehicle of billionaire hedge fund manager Steven Cohen has cut its stake in Metro Bank Plc for the third time in less than a week.Cohen Private Ventures reduced its holding in Metro from 7.7% to 6.5% last week, according to a U.K. regulatory filing. The Connecticut-based tycoon’s vehicle remains the biggest investor in Metro, although its holding has dwindled from almost 10%.Shares in Metro Bank have lost nearly 90% of their value this year as the British lender admitted in January to errors in the way it measured the risk on parts of its home lending portfolio.Cohen was the biggest backer of a 375 million-pound ($485 million) share sale in May that was launched to bolster the bank’s capital position. Shares in Metro were sold at 500 pence in that fundraising, compared to last week’s closing price of 187 pence.At the same time as Cohen cut his Metro stake, Colombian billionaire investor Jaime Gilinski Bacal emerged as one of the lender’s biggest shareholders. Last week, Bacal purchased 7.4 million shares in Metro through a British Virgin Islands-registered vehicle called Spaldy Investments Ltd., making it the company’s third largest investor.Metro Bank declined to comment. A representative for Cohen declined to comment.(Adds Cohen declined to comment in final paragraph.)\--With assistance from Katia Porzecanski.To contact the reporter on this story: Harry Wilson in London at hwilson57@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Marion Dakers, Keith CampbellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Fool.co.uk
Why I think the Metro Bank share price could double in 2020
Rupert Hargreaves explains what Metro Bank needs to do to make a comeback in 2020.
- Bloomberg
Colombian Billionaire Buys Stake in U.K.’s Troubled Metro Bank
(Bloomberg) -- One of Colombia’s richest men has snapped up a 4.3% stake in Metro Bank Plc, making him the troubled British lender’s third largest shareholder.Jaime Gilinski Bacal purchased 7.4 million shares in Metro Bank through a British Virgin Islands-registered vehicle called Spaldy Investments Ltd., according to a statement to the London market. The Harvard-educated investor had no previously disclosed stake in the lender.Metro Bank shares have lost close to 90% of their value this year after the firm shocked investors in January with the admission of errors in the way it calculated the risk on parts of its home lending portfolio. In May, the company raised 375 million pounds ($481 million) through the sale of new shares to shore up its capital position.Gilinski is an experienced investor in the banking industry. In 2013, he became one of the largest shareholders in Banco Sabadell SA after it raised capital, at one point owning a 7.5% stake in the Spanish bank. He subsequently cut his holding.Earlier this month, Canadian Imperial Bank of Commerce announced a deal to sell two-thirds of its Caribbean banking unit to a company run by Gilinski for $797 million.Gilinski’s stake in Metro Bank is worth almost 15 million pounds based on Monday’s closing price.A spokeswoman for Metro Bank declined to comment. Gilinski didn’t immediately respond to a request for comment sent through his LinkedIn account.To contact the reporters on this story: Harry Wilson in London at hwilson57@bloomberg.net;Donal Griffin in London at dgriffin10@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Chris Bourke, Keith CampbellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Fool.co.uk
Metro Bank shares are up on Lloyds Bank takeover rumours. Here’s what I’d do now
Metro Bank's (LON: MTRO) share price has rebounded in the last month. What's the best move now?
- Fool.co.uk
Metro Bank share price rebounds 65%! Here’s what I’d do now
The Metro Bank share price has come back from the dead with rumours of a Lloyds Bank takeover. Is now the time to buy and double your money?
- Fool.co.uk
Could now be the time to pile into the Metro Bank share price?
An offer for Metro Bank could send the share price flying, but is it worth buying into the speculation?
- Fool.co.uk
The Metro Bank share price has crashed in 2019…I’d buy this FTSE 250 bank instead
I'd sell Metro Bank shares and invest in this company instead, writes Thomas Carr.
- Fool.co.uk
Will new leadership help the Metro Bank share price?
As Co-Founder Vernon Hill steps down, what could it mean for Metro Bank shares?
- Fool.co.uk
Someone thinks these FTSE share prices are going lower…should you be worried?
Find out why I think shares of Cineworld Group (LSE: CINE), Metro Bank (LSE: MTRO), and Wood Group (LSE: WG) are currently so heavily shorted.
- Fool.co.uk
Can the Metro Bank share price double your money?
Paul Summers thinks Metro Bank (LON:MTRO) shares could make you a lot of money. Sadly, the reverse is also true.
- Fool.co.uk
Metro Bank shares are up 30%! Here’s what I’d do now
The Metro Bank share price is rising. Roland Head looks at the latest numbers and gives his verdict on the stock.
- Fool.co.uk
Why I think the Metro Bank share price could be past the worst
Shares in Metro Bank are up a third from their low point as customer sentiment is improving, so is it time to buy?
- Fool.co.uk
Should I invest in Metro Bank shares or should I not
Metro Bank’s share price is up sharply, but is it a good time to invest in the challenger bank?
- Reuters
Metro Bank reports third-quarter loss, deposit outflows as Chairman exits
Britain's troubled Metro Bank reported a loss for the third quarter, said its chairman Vernon Hill has stepped down two months early, and warned it may have to curb its growth plans as it battles to recover from an accounting scandal. Metro Bank on Wednesday also said it saw some 213 million pounds ($274.49 million)in deposit outflows in September, heaping pressure on the lender whose business model rests on attracting savers with its brightly colored city-center branches. The grim earnings report after the market close could put further pressure on Metro Bank's shares on Thursday morning, albeit the 2.2 million pound loss was less than some analysts had feared.
- Reuters
Embattled lender Metro Bank swings to loss in third quarter
The lender reported an underlying loss before tax of £2.2 million for the three months ended Sept. 30, compared with a profit of £15.1 million a year earlier. Earlier on Wednesday, Metro Bank said its founder Vernon Hill has stepped down as chairman two months earlier than planned.
- Reuters - UK Focus
UPDATE 3-Metro Bank reports Q3 loss, deposit outflows as Chairman exits
Britain's troubled Metro Bank reported a loss for the third quarter, said its chairman Vernon Hill has stepped down two months early, and warned it may have to curb its growth plans as it battles to recover from an accounting scandal. Metro Bank on Wednesday also said it saw some 213 million pounds ($274.49 million)in deposit outflows in September, heaping pressure on the lender whose business model rests on attracting savers with its brightly coloured city-centre branches.
