Quilter Seen as Potential Takeover Target for Lloyds Banking Group -- Market Talk

Dow Jones
Oct 07

0639 GMT - Lloyds Banking Group could look to make an acquisition in wealth management, an area in which it is underdeveloped, RBC Capital Markets says in a research note. The bank is missing out on relatively high structural growth, returns and an opportunity to diversify its revenue stream, analysts write. They see Quilter as a particularly attractive proposition and potential takeover target. "QLT has a digestible market cap, a national distribution footprint and an adviser base that can cater to mass affluent clients, (where we see the greatest cross-selling opportunity)," they note. The end of Lloyds's Schroders Personal Wealth joint venture--as per unconfirmed press reports--could be a sign that the bank is clearing out the decks before bolstering their affluent wealth offering through inorganic activity, they add. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

October 07, 2025 02:41 ET (06:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10