What's happening to banks share prices??

in Savings & Investments
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BrieBrie Forumite
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I have a share option for Barclays but have put off completing on it as the price was not very favourable originally.  The price has wobbled about (the way they do) and then started to climb.  I think it's gone from about £2 to £2.20 this week.  (& has started to wobble down again of course)

Are all the banks doing similar?  Any idea what's causing this??  I'm sure there's something obvious to everyone except me.  (like it's January or something??)
"Never retract, never explain, never apologise; get things done and let them howl.”
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Replies

  • lozzy1965lozzy1965 Forumite
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    The UK stock market has gone up,
  • Voyager2002Voyager2002 Forumite
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    Interest rates are on the way up and this will help bank profits. Bank share prices naturally reflect this.
  • ThrugelmirThrugelmir Forumite
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    Higher interest rates will result in increased bank profits. At the moment margins are squeezed. 
  • rancidukranciduk Forumite
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    Lloy shares rocketing this week...


  • eskbankereskbanker Forumite
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    ranciduk said:
    Lloy shares rocketing this week...
    Up less than 4% over the week - if that's your idea of rocketing then I hope you don't have aspirations towards being an astronaut, or was that (well-concealed) sarcasm perhaps?
  • RogerIrvineRogerIrvine Forumite
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    What's happening to bank share prices? They are doing very well. Barclays up 60% from last Jan25th, HSBC +40%, Lloyds +66%.

    I can see the logic of selling once you take the option but don't pass up the option. I would keep the shares but then, I don't work for them; you may know better.
  • Thumbs_UpThumbs_Up Forumite
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    PPI now history, economy has finally returned to pre-pandemic levels, dividend payments reinstated, worst of covid over?

    Roof hasn’t fallen in due to Brexit, people aren’t loosing there jobs, labour market looking good. Labour party are not in power. Mortgage rates will go up saving rates not so much means big profits. So take your pick for the reasons why.







    ''Enemy Coast Ahead'' Guy Gibson V.C.
  • ThrugelmirThrugelmir Forumite
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    eskbanker said:
    ranciduk said:
    Lloy shares rocketing this week...
    Up less than 4% over the week - if that's your idea of rocketing then I hope you don't have aspirations towards being an astronaut, or was that (well-concealed) sarcasm perhaps?
    Be a safe income generator again. 
  • eskbankereskbanker Forumite
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    What's happening to bank share prices? They are doing very well. Barclays up 60% from last Jan25th, HSBC +40%, Lloyds +66%.
    You can choose statistics to support any point, the flip side being that Lloyds and HSBC are now starting to recover towards their immediate pre-Covid levels for the first time in those two years, and Barclays (like the others) is still down over five years....
  • RogerIrvineRogerIrvine Forumite
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    Very true eskbanker. It's been a nightmare for shareholders in banks since 2008. But that has no bearing on the wisdom of exercising a stock option at a favourable price. Brie should. 
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