Edison Issues Report on Metro Bank (MTRO)

London, United Kingdom–(Newsfile Corp. – October 31, 2024) – Edison issues report on Metro Bank (LSE: MTRO).

Having successfully refinanced in late 2023, Metro Bank is making good progress with repositioning its business model towards higher-return commercial and specialist mortgage lending, reducing its cost of funding and shrinking its cost base. It confidently expects to be profitable before year-end and has guided to strong progress thereafter, reaching a mid- to upper-teens percentage return on tangible equity from 2027. Despite a strong performance since the interims, Metro’s shares are far from pricing in the scale of improvement that management is guiding towards.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228464