3 FTSE Listed Banking Stocks to Consider For 2021

Summary
UK banks seem to be eventually coming out of the panic-stricken situation.
Barclays has reported a 1 per cent rise in the total income in the year ended 31 December 2020.
The Board of Lloyds has declared a dividend of 0.57 pence per share in the FY 2020.

Like several other sectors, the banking sector has also been under tremendous pressure since the Covid-19 pandemic hit the world. The year 2020 has been a challenging one for the UK banks, with the elevated unemployment resulting in a wave of loan defaults. Other reasons for the banks performing poorly are the record fall in interest rates and setting aside of billions to cover expected loan losses.

However, the UK banking sector can be seen making a fresh start with the beginning of the new year and tend to do better with time, coming out of the turbulent times. Some of the banking groups like Lloyds have also resumed their dividend payments.