The Financial Outlook for Personal Investors: Are UK banks worth a look?

Russ Mould of A J Bell looks at the UK's main banks now that we're in the midst of results season. He points out that while the big five account for 11% of the FTSE's market cap, they produce 1/5 of pre-tax profits and 1/5 of total dividends. There remains a good deal of residual scepticism. They may yet be worth a look, despite the many possible adverse factors. Russ notes that cashbacks and dividends will see HSBC on a yield of almost 15% this year, with the others on 10-12%.