Daily Archives: June 28, 2016

Should you buy Banking shares after the Brexit Crash? Barclays, HSBC, Lloyds, Standard Chartered 1

The historic Brexit vote that took place last Thursday sent the market crashing. Although many stocks have partially recovered, those in the Banking sector have been hardly hit and have stayed down. The likes of Barclays (BARC), Lloyds Banking Group (LLOY) and Royal Bank of Scotland (RBS) are downing excess of 15%, whilst HSBC (HSBA) and Standard Chartered (STAN) have faired slight better. So this begs the question, are banking stocks cheap and should you buy them? Whilst on paper banking stocks around Europe look cheap, I would not touch them with a proverbial barge pole. As an investor, I aim to invest in businesses that are simple to understand […]