A Business So Profitable, It Makes the Government Suspicious
Jun 30th, 2006 | By Penny Sleuth Contributor | Category: International, Investing Strategies
British banks have recently been so profitable that the U.K treasury actually commissioned an inquiry into this extraordinary profitability. England’s HSBC Bank (HBC) for example, had a net profit margin of 31.85%. Compare that to J.P Morgan’s 15.53% net profit margin. Barclays Bank (BCS) and Lloyds Bank (LYG) of England ...read more
