Lloyds, RBS Both Have a 'Huge Brexit Discount,' Harris's Herro Says

The transcript discusses the impact of Brexit on bank valuations, particularly focusing on Lloyds Bank and RBS. It highlights the Brexit discount affecting these banks and their market positions. The discussion includes investment strategies considering Brexit, dividends, and potential political scenarios like a Corbyn government. The analysis concludes that even under challenging scenarios, these banks remain undervalued.

Which bank is mentioned as having a significant Brexit discount?

• Santander

• HSBC

• Lloyds Bank

• Barclays

What is the dividend yield mentioned for Lloyds Bank?

• 5-6%

• 7-8%

• 9-10%

• 3-4%

How did Lloyds Bank manage to maintain its capital levels?

• By reducing its workforce

• By closing several branches

• By increasing its interest rates

• By generating capital above required levels

What are the two potential scenarios discussed that could impact UK businesses?

• A trade deal with the EU and a new Prime Minister

• A no-deal Brexit and a Corbyn government

• A financial crisis and a change in interest rates

• An increase in inflation and a decrease in exports

What is the concern if there is no Brexit deal?

• The possibility of elections leading to a Corbyn government

• An increase in taxes

• A decrease in foreign investments

• A rise in unemployment