The advance of the bank was based on a constant impulse in recent months, with investors encouraged by the resistant profits of the first half and a better orientation.
The analysts said that the rally reflects the growing confidence in the lender’s ability to maintain strong margins of net interest, even when the Bank of England (BOE) is expected to begin reducing rates at the end of this year.
The bank has also benefited from a reduction in political uncertainty and the signs of stabilizing the economic growth of the United Kingdom, which could reinforce loan volumes and credit quality.
The continuous sale of the government of its participation, now reduced to less than 20%, has been fulfilled with a strong institutional demand, reinforcing confidence in the bank’s investment.
The FTSE 100 reached a record above the 9,200 brand on Friday morning, helped by gains in miners with the hope of facilitating commercial tensions.
