MTRO.L - Metro Bank PLC

LSE - LSE Delayed price. Currency in GBp
110.00
-4.45 (-3.89%)
At close: 4:35PM BST
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Previous close114.45
Open114.15
Bid112.70 x 0
Ask113.00 x 0
Day's range108.00 - 114.95
52-week range66.30 - 552.00
Volume1,225,930
Avg. volume2,046,608
Market cap189.662M
Beta (5Y monthly)1.31
PE ratio (TTM)N/A
EPS (TTM)-123.90
Earnings date26 Feb 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est2,750.62
  • Are Metro Bank shares too cheap to ignore?
    Fool.co.uk

    Are Metro Bank shares too cheap to ignore?

    Metro Bank shares have slumped 50% this year, but the company is in the middle of a turnaround plan that could help the stock recover some losses. The post Are Metro Bank shares too cheap to ignore? appeared first on The Motley Fool UK.

  • Analysts upbeat on the outlook for Metro Bank
    Stockopedia

    Analysts upbeat on the outlook for Metro Bank

    The Metro Bank (LON:MTRO) share price has risen by 52.5% over the past month and it’s currently trading at 110.6088. For investors considering whether to buy,...

  • Fintech Zopa set to launch first banking products
    Yahoo Finance UK

    Fintech Zopa set to launch first banking products

    Zopa has been granted a full banking licence with no restrictions, allowing it to launch its fixed savings account and credit card to the public later this year.

  • Metro Bank Confirms talks to Acquire Peer-to-Peer Lender RateSetter
    FX Empire

    Metro Bank Confirms talks to Acquire Peer-to-Peer Lender RateSetter

    Metro Bank PLC has confirmed it is in exclusive talks to acquire the country’s one of the biggest peer-to-peer lender RateSetter.

  • Metro Bank in exclusive talks to buy peer-to-peer lender RateSetter
    Reuters

    Metro Bank in exclusive talks to buy peer-to-peer lender RateSetter

    British challenger bank Metro is in exclusive early stage talks to buy peer-to-peer lender RateSetter, the bank said on Monday in response to media speculation. Metro Bank, one of the banks set up after the global financial crisis to challenge established players such as Barclays and RBS, was hit last year by an accounting scandal that cost it its chairman and CEO and reduced its market value by 90%. Analysts said the deal would offer Metro a strong revenue source in its push into unsecured consumer lending, on the basis of the spread between RateSetter's charges to borrowers and the amount it pays to lenders.

  • What to watch: Queues form as shops reopen, sharp sell-off for stocks, and BP writes off $17.5bn
    Yahoo Finance UK

    What to watch: Queues form as shops reopen, sharp sell-off for stocks, and BP writes off $17.5bn

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Metro Bank in 'early talks' to buy peer-to-peer lender RateSetter
    Yahoo Finance UK

    Metro Bank in 'early talks' to buy peer-to-peer lender RateSetter

    Metro Bank said a deal could 'accelerate' consumer lending but cautioned there was no certainty a deal would be done.

  • Bloomberg

    Metro Bank in Talks to Buy Peer-to-Peer Lender RateSetter

    (Bloomberg) -- Metro Bank Plc is early-stage talks to buy a peer-to-peer lender, aiming to grow in unsecured lending as the troubled British company’s mortgage business comes under pressure.The London-based bank said Monday that it may acquire Retail Money Market Ltd., which owns the RateSetter platform. Sky News earlier reported the talks and said RateSetter was considering selling itself due to a coronavirus-related funding squeeze.Metro Bank has replaced its management team after a tumultuous couple of years. Launched a decade ago by U.S. entrepreneur Vernon Hill, it sought deposits by becoming the first new bricks-and-mortar British banking chain in a century. After revealing that incorrectly calculated risk weighting for some of its real estate loans, the stock has tumbled 90% since January 2019.RateSetter was launched a decade ago as one of the first U.K. peer-to-peer lending companies and employs more than 200 people in London and Leicester, England. It offers depositors better interest rates than ordinary savings accounts, and turns that funding into loans to small business. It says 84,000 investors have invested 3.6 billion pounds ($2.9 billion) through the platform.Metro Bank’s chief executive officer since its inception, Craig Donaldson, left the business at the end of last year and was replaced by Dan Frumkin. Months earlier, Hill said he would step down as chairman.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Metro Bank in talks to buy peer-to-peer lender RateSetter - Sky News
    Reuters

    Metro Bank in talks to buy peer-to-peer lender RateSetter - Sky News

    The price Metro Bank would pay for RateSetter is unclear and there is no guarantee that the talks between the two firms would lead to a transaction, Sky News said. A Metro Bank spokesperson said the company would not comment on rumour or speculation, while RateSetter said it had no comment on the report.

  • Challenger banks trounce high street rivals on international payments
    Yahoo Finance UK

    Challenger banks trounce high street rivals on international payments

    The cost of sending £100 to a US bank account ranged from completely free to almost £30 — a third of the cash being sent.

  • What does the future hold for the Metro Bank share price?
    Stockopedia

    What does the future hold for the Metro Bank share price?

    The Metro Bank (LON:MTRO) share price has risen by 3.70% over the past month and it’s currently trading at 95.9622. For investors considering whether to buy, h...

  • Bank of England tells banks to 'prepare' for no deal Brexit
    Yahoo Finance UK

    Bank of England tells banks to 'prepare' for no deal Brexit

    Governor Andrew Bailey held a call with bank chief executives and told them to get ready for the possibility that trade talks between the EU and UK could fail.

  • Coronavirus: £20bn lent to businesses under 'Bounce Back' scheme amid default fears
    Yahoo Finance UK

    Coronavirus: £20bn lent to businesses under 'Bounce Back' scheme amid default fears

    Banking executives warned this week that as many as 50% of Bounce Back loans could eventually go bad, leaving the taxpayer with billions in losses.

  • Reuters

    Britain's Metro Bank faces 'significantly higher' bad loans due to pandemic

    Metro Bank has warned it faces "significantly higher" volumes of bad loans due to the economic crunch caused by the COVID-19 pandemic, in a statement at its annual investor meeting on Tuesday. The British challenger lender said the level of impairments would depend on the magnitude and length of the slowdown and it had seen a reduction in customer transaction volumes, which it said may result in lower than expected fee income. Chief Financial Officer David Arden reiterated the company would consider asset sales to bolster its balance sheet if necessary.

  • Britain's mid-sized banks coping with coronavirus, but warn of pain ahead
    Reuters

    Britain's mid-sized banks coping with coronavirus, but warn of pain ahead

    A slew of Britain's mid-sized banks on Wednesday reported steady deposits and demand in the face of the COVID-19 pandemic, but warned it was too early to assess the long-term damage of the outbreak to their businesses. Virgin Money <VMUK.L> made a first-half pretax loss after booking a 232 million pound ($289 million) provision for bad loans and likely defaults due to the pandemic, but reported a higher than expected capital buffer of 13% that steadied investor nerves. Smaller rival OneSavings Bank <OSBO.L> said its net loans and retail deposits held firm in the first quarter, as did its 2.66% net interest margin - a key measure of underlying profitability - despite the tough market conditions.

  • Coronavirus: Virgin Money sets aside £232m to cover COVID-19 pandemic
    Yahoo Finance UK

    Coronavirus: Virgin Money sets aside £232m to cover COVID-19 pandemic

    The increase in loss coverage was based on modelling of 'severe' multi-year downturn in the UK that sees GDP fall by 10% and unemployment peak at 9.7%.

  • Metro Bank posts rising deposits, lower first quarter lending
    Reuters

    Metro Bank posts rising deposits, lower first quarter lending

    Britain's Metro Bank <MTRO.L> reported a modest dip in lending in the first quarter and a 77 million pounds rise in total deposits to 14.6 billion pounds ($18.15 billion) as customers shrugged off lower fixed term deposit rates. First quarter total deposits came in at 14.5 billion pounds while total net loans were also 14.5 billion pounds, some 169 million pounds below the Dec. 31 position.

  • If You Had Bought Metro Bank (LON:MTRO) Stock Three Years Ago, You'd Be Sitting On A 97% Loss, Today
    Simply Wall St.

    If You Had Bought Metro Bank (LON:MTRO) Stock Three Years Ago, You'd Be Sitting On A 97% Loss, Today

    Metro Bank PLC (LON:MTRO) shareholders should be happy to see the share price up 14% in the last month. But that...

  • Metro Bank founder handed half a million as share price collapsed
    Yahoo Finance UK

    Metro Bank founder handed half a million as share price collapsed

    Vernon Hill II earned £385,000 in fees from Metro Bank in 2019 and received taxable benefits worth £115,455.

  • Metro Bank to repay £10.5m in overdraft fee refunds
    Yahoo Finance UK

    Metro Bank to repay £10.5m in overdraft fee refunds

    Metro Bank has promised to pay out over £10.5m in refunds after breaching rules about unplanned overdraft alerts.

  • Metro Bank: could the share price drop lower?
    Stockopedia

    Metro Bank: could the share price drop lower?

    Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;

  • What to watch: Smirnoff-owner's £325m coronavirus hit, William Hill's £10m credit card ban, and Frankie & Benny's owner closes restaurants
    Yahoo Finance UK

    What to watch: Smirnoff-owner's £325m coronavirus hit, William Hill's £10m credit card ban, and Frankie & Benny's owner closes restaurants

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Metro Bank cuts back growth plans after plunge into the red
    Reuters

    Metro Bank cuts back growth plans after plunge into the red

    Metro Bank <MTRO.L> shares tumbled on Wednesday after the bank plunged to a full-year loss of 131 million pounds ($170 million) and scaled back growth plans, capping a year dominated by an accounting scandal that forced its top bosses to quit. The British company was set up a decade ago as one of a handful of banks aiming to challenge the dominance of Lloyds Banking Group <LLOY.L> and Royal Bank of Scotland <RBS.L>, but investor faith in its costly business model has all-but evaporated. Metro Bank's deposits fell by 8% to 14.5 billion pounds in 2019 as an increase in cash from retail customers failed to offset almost 2.5 billion of withdrawals by business customers spooked by the accounting blunder that wiped nearly 90% off Metro's market value last year.

  • Metro Bank loses £130m after disastrous year
    Yahoo Finance UK

    Metro Bank loses £130m after disastrous year

    Metro Bank's new chief executive unveiled a new strategy aimed at turning around the bank.

  • London Fintech Startup Revolut Valued at $5.5 Billion
    Bloomberg

    London Fintech Startup Revolut Valued at $5.5 Billion

    (Bloomberg) -- Revolut Ltd. has raised $500 million in a funding round that values the London financial-technology firm at $5.5 billion, making it one of Europe’s most valuable fintech startups despite still being loss-making.The company will use the cash for product development and to increase banking operations across Europe, it said in a statement on Tuesday. Revolut said it plans to begin making loans for retail and business banking customers, expand its savings accounts beyond the U.K., and improve its customer service.“Our focus is on rolling-out banking operations in Europe, increasing the number of people who use Revolut as their daily account, and striving towards profitability,” Chief Executive Officer Nik Storonsky said in the statement.The market for financial technology firms offering an alternative to traditional banks is fiercely competitive with Revolut going up against other established rivals, such as Monzo and Starling Bank. German mobile bank N26 GmbH said earlier this month it would close all U.K. mobile banking accounts in April. The firm, backed by billionaires Peter Thiel and Li Ka-Shing, blamed Brexit for the withdrawal.Swedish payments and banking firm Klarna became the most valuable European fintech startup in August after new funding pushed its post-money valuation to $5.5 billion.Read more here: Why Peter Thiel’s Fintech Is Fleeing Britain: Elisa MartinuzziRevolut reported revenue of 58.2 million pounds ($63 million) in 2018, the last period it released financial results, up from 12.8 million pounds in 2017. Its loss for the year more than doubled to 32.8 million pounds. The firm said the number of daily active customers grew by 380% last year.The company is targeting 100 million customers in the next five years -- up from over 10 million now -- and will focus on increasing daily accounts and expanding outside of Europe, Storonsky said in an interview on Bloomberg Television on Tuesday.“Part of the $500 million that we raised, we’re going to spend on creating new features for daily users,” he said.The startup was last valued at $1.7 billion when it raised $250 million in April 2018. It also faced regulatory scrutiny following an alleged compliance lapse that could have allowed illegal transactions on its app.Revolut bolstered its executive ranks in 2019, hiring former Metro Bank Plc finance director Dave MacLean as chief financial officer and naming Standard Life Aberdeen executive Martin Gilbert as chairman.The company will likely add another 1,000 employees by the end of the year to the 2,000 it has now, Storonsky said in the interview. About 200 of those new hires will be in the compliance department, he said.The funding brings the total Revolut has raised to $836 million and was led by U.S. venture capital firm TCV, which also invested in London-based fintech WorldRemit, which helps people send money across borders, last year.(Updates with CEO comments from interview starting in seventh paragraph.)To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editor responsible for this story: Giles Turner at gturner35@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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