Lloyds seen best placed to benefit from U.K. competition
Bank of America Securities analysts say Lloyds Banking Group is best placed to benefit from the current market environment, citing strategy to grow non-interest income amid increased U.K. competition.
Lloyds Banking Group is best placed to benefit from the current market environment, BofA Securities analysts say.
The U.K. bank's strategy to grow non-interest income is positive in an increasingly competitive U.K. market, the analysts add.
Lloyds's confidence in reaching its 20% return on tangible…