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The Lloyds share price is rising, but I’d buy these stocks instead
More on: Image: Lloyds Banking Group
Lloyds Bank(LSE: LLOY) had a hard 2020, to be sure. But the Lloyds share price has come a long way from its lowest point. It has doubled, in fact.
Why the Lloyds share price could underwhelm
There is much to like about Lloyds Bank as a company. It is one of the UK’s largest banks, with a long legacy. The bank has recovered from more than one downturn. It is profitable even at a time when interest rates are low and retail banking is its biggest income generating segment.
December 13, 2020 @ 8:00 pm By Omar Faridi
The COVID-19 pandemic reshaped consumer mentality and habits, especially as it relates to people’s financial needs. But it remains unclear what new habits born out of necessity are here to stay and what will vanish as the pandemic grinds to an eventual halt.
We recently caught up with Alon Rajic, founder and CEO of Finofin Ltd, the parent company of SmallBusinessLoansAustralia and MoneyTransferComparison. Rajic discussed recent Fintech trends including key developments in the financial sector during the Coronavirus crisis. He also pointed out the relatively poor performance of gold in these unprecedented times when compared to other assets.