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Why is MTRO up 3.35%?
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MTRO:LON
Metro Bank Holdings PLC
GBX 160.20
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+3.35%(+5.20) 1D
Oct 12, 4:35:20 PM GMT+1 · GBX
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| Symbol | Price | Change | % Change |
|---|
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Open
GBX 151.00
High
GBX 160.40
Low
GBX 151.00
Mkt. cap
1.08B
Avg. vol.
757.77K
Volume
613.34K
P/E ratio
15.38
52-wk high
GBX 186.40
52-wk low
GBX 98.30
EPS
GBX 0.10
Shares outstanding
673.63M
No. of employees
3K
Open
GBX 151.00
High
GBX 160.40
Low
GBX 151.00
Mkt. cap
1.08B
Avg. vol.
757.77K
Volume
613.34K
P/E ratio
15.38
52-wk high
GBX 186.40
52-wk low
GBX 98.30
EPS
GBX 0.10
Shares outstanding
673.63M
No. of employees
3K
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Profile
Metro Bank PLC is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
After a period of rapid growth, Metro Bank hit difficulties in early 2019 when it announced it had insufficient capital to meet regulatory requirements, following the discovery of an error in the way it categorised its commercial loans for capital adequacy purposes. As a result, it had to raise an additional £350m of capital. Concerns over the announcement and the bank's ability to raise the capital resulted in the bank's share price falling by 75% in less than four months, and large depositors withdrawing cash, because of "adverse sentiment". Wikipedia
About Metro Bank Holdings PLC