FTSE 100 banks outperform but face tougher waters ahead

5 FTSE 100 shares that have surprised everyone since 2020!

Former Prime Minister Harold Macmillan once famously quipped that what derails governments isn’t policy, but “events, dear boy, events.” In other words, unpredictable stuff. Yet some of the FTSE 100’s biggest winners of the past five years have surged precisely because of external events.  Here, I want to highlight five that have rocketed at least 250% since August 2020. Back then, few would have bet on them doing so.  Interest rate shifts Five …

FTSE 100 banks bank £12.8bn in Q2 but trouble looms

The Big Five - Barclays, HSBC, Natwest, Lloyds and Standard Chartered - pocketed a combined £12.8bn in the three months to June 30

FTSE 100 banks outperform but face tougher waters ahead

The FTSE 100’s banking constituents breezed through the second quarter results season as interest income remained stable and trading income soared on the back of market volatility. The ‘Big Five’ banks of London’s flagship stock index – Barclays, HSBC, Natwest, Lloyds and Standard Chartered – pocketed a combined £12.8bn in the three months to June 30.  Though the period was not without its dramas with HSBC forced to set aside $2.1bn (£1.58) in w…