NatWest and Lloyds preferred among UK banks by Citi analysts

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The investment bank said they expected further write-backs from the sector in the second quarter, adding that the recent lifting of the dividend ban “implies a return to more normalised capital return payouts” PLC () and PLC () are the UK banks most preferred by Citi, who said they remained ‘overweight’ on the sector as the UK continued its reopening from lockdown. In a note on Wednesday, the investment bank said the bounce-back in the UK’s economy had been “sharper than expected” with gross domestic product (GDP) growth “well ahead of expectations”. READ: Lloyds, Barclays, HSBC and other UK banks move higher as dividend ban lifted As a result, analysts said they expected further write-backs from the banks in their results for the second quarter, adding that the possibility of rising inflation may “force the [] to hike [interest] rates earlier than first envisaged”, increasingly their money-making abilities. Citi also said that the removal of bank
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