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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lloyds Banking Group Plc | LSE:LLOY | London | Ordinary Share | GB0008706128 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.44 | 0.86% | 51.78 | 308,391,711 | 16:35:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 51.82 | 51.84 | 53.20 | 49.62 | 50.26 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.03 | 32.94B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:28:21 | O | 922,635 | 51.826 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/4/2024 | 18:21 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 24/4/2024 | 14:37 | UK RNS | Lloyds Bank PLC Publication of Suppl.Prospcts |
| 24/4/2024 | 12:29 | UK RNS | Lloyds Banking Group PLC Publication of Suppl.Prospcts |
| 24/4/2024 | 11:03 | UK RNS | Lloyds Bank PLC 2024 Q1 Interim Management Statement |
| 24/4/2024 | 09:11 | ALNC |  TOP NEWS: Lloyds profit squeezed by rising costs as revenue declines |
| 24/4/2024 | 07:00 | UK RNS | Lloyds Banking Group PLC 2024 Q1 Interim Management Statement |
| 24/4/2024 | 07:00 | EQS | 2024 Q1 Interim Management Statement |
| 23/4/2024 | 18:05 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 22/4/2024 | 17:55 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 19/4/2024 | 17:41 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
Lloyds Banking (LLOY) Share Charts1 Year Lloyds Banking Chart |
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1 Month Lloyds Banking Chart |
Intraday Lloyds Banking Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 22:29 | Lloyds Bank (LLOY) 'On Topic only' - Thread | 28,617 |
| 24/4/2024 | 19:25 | Black Beauty: A Recovering Quadruped | 394,258 |
| 24/4/2024 | 15:26 | Lloyds Bank (MODERATED) | 2,113 |
| 24/4/2024 | 09:44 | Lloyds Bank PLC, chat and charts | 113 |
| 28/2/2024 | 17:08 | Banks and Tax avoiding landlords MUST payback Austerity rescue of their assets | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-24 18:04:04 | 52.35 | 187,920 | 98,379.88 | O |
| 2024-04-24 18:04:04 | 52.35 | 324,945 | 170,115.21 | O |
| 2024-04-24 18:03:44 | 51.82 | 66,674 | 34,549.13 | O |
| 2024-04-24 18:03:44 | 51.82 | 38,558 | 19,979.98 | O |
| 2024-04-24 18:02:44 | 51.53 | 213,955 | 110,244.59 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Lloyds Banking Daily Update Lloyds Banking Group Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker LLOY. The last closing price for Lloyds Banking was 51.34p.Lloyds Banking currently has 63,569,225,662 shares in issue. The market capitalisation of Lloyds Banking is £32,941,572,738. Lloyds Banking has a price to earnings ratio (PE ratio) of 6.03. This morning LLOY shares opened at 50.26p |
Posted at 24/4/2024 18:50 by freddie01 Lloyds swings from red into green as analysts say results weren't that badAnalysts said Lloyds Banking Group PLC's (LSE:LLOY)'s first quarter disappointed in some respects but there was plenty to be positive about, as shares in the UK's largest lender swung from early losses to gains in early-afternoon trades. In short, profit was 2% below the consensus City forecast, with misses on net interest income (NII) and costs largely offset by lower-than-expected impairment charges. Full-year guidance was largely unchanged, except for costs, which ticked up slightly to include the addition of the UK bank levy and severance from job cuts. While the quarter was a bit softer than hoped, UBS said it should result in "the same destination", with higher costs but a gradual increase in non-banking interest each quarter resulting in a 4% drop in full-year pre-provision profit. If lower loan losses are continued, "then consensus PBT is broadly unchanged", said UBS. Analysts at Jefferies noted that impairment charges of £57 million were an 80% beat to the consensus, with the bank flagging an improvement in new to arrears and flows to default observed across the UK mortgage portfolio. Jefferies said Lloyds "ticks high-level boxes" in terms of a 13.3% return on tangible equity on a 13.9% CET1 capital ratio and a better quarterly margin performance than expected. The UK bank levy should be recovered via a corresponding offset in NII over the next quarters. Seeing a tailwind from the bank's risk-management hedge worth at least 5% to NII each year, UBS said, "we think LBG - and NatWest and Barclays - are well positioned to perform strongly in 2025 and 2026 given valuations and outlook for Eurozone peers". UBS also highlighted Lloyds' valuation, noting it trades at 6.6 times projected 2025 earnings, which is favourable compared to its European peers. Shore Capital pointed out that Lloyds’ shares are up 8% so far this year, outperforming the FTSE All-Share index by 5%, albeit lagging NatWest, which is up 30% and does not have exposure to the FCA’s review into discretionary motor finance probe. Shore Cap's fair value stands at 61p, Jefferies' target price is 59p and UBS's is 58p |
Posted at 24/4/2024 12:45 by jordaggy Lloyds profits fall as competition for mortgages heats upPre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year. Kalyeena Makortoff Banking correspondent Lloyds Banking Group has suffered a 28% drop in first-quarter profits amid tough competition for mortgages and savings, but bosses said they expected those pressures to soon ease, helped by an improving UK economy. The country’s largest mortgage lender, which also owns the Halifax brand, said pre-tax profits dropped to £1.6bn between January and March, having fallen from £2.3bn last year when rising interest rates boosted the lender’s profits by almost 50%. The bank’s chief financial officer, William Chalmers, said this reflected “keen pricing in the mortgage markets, and savings moving into higher rate accounts”. Competition and jitters in the mortgage market led to a drop in its total outstanding loan book. It resulted in a 10% drop in net interest income, which accounts for the difference in loan charges versus what is paid out to savers, to £3.2bn in the three months to March. Pressure from politicians and regulators to pass on interest rates to savers at the same rate they had been raising mortgage and loan charges has squeezed income for major mortgage providers such as Lloyds in recent months. In response, banks have had to compete harder for customer deposits by offering more substantial returns, particularly on fixed savings products where consumers lock away cash for longer. It attracted £1.3bn in regular customer deposits but that failed to make up for the £3.5bn pulled by business clients. However, Chalmers said these savings and mortgage pressures were likely to “ease through 2024”, as economic conditions continued to improve. House prices, which Lloyds previously expected to fall by 2.2% in 2024, are forecast to rise by 1.5% by the end of the year. The banking group, often seen as a bellwether for the UK economy, is also forecasting a steady improvement in economic growth, at a rate of 0.3% in most quarters and a drop in inflation to 2.4% – from 3.2% in March – resulting in a fall in interest rates to 4.5% by December. It expects the Bank of England to cut rates three times in 2024, starting in the middle of the year. Chalmers said mortgage applications had already soared by 20% in the first quarter, which could translate into new home loans, and reverse some of its loan book losses. That partly reflected the group’s willingness to offer better interest rates in order to boost lending. “We’re really pleased to see the pickup in applications, and development of our market share, in that respect. And I think that represents what is a series of competitive offers out there in the market, suiting our customer needs. We’d hope to maintain that ambition over the course of the year,” Chalmers said. Overall, the banking boss said he expected the UK mortgage market to pick up by 5% by the end of 2024. “We’d hope to play a major part in it,” Chalmers added. The improved economic outlook meant the bank was more confident that customers could repay their loans. Despite the cost of living crisis and higher mortgage repayments, which have weighed on borrowers, Lloyds set aside £57m for potential defaults, compared with £243m last year. The Lloyds chief executive, Charlie Nunn, said: “The group is continuing to deliver in line with expectations in the first quarter of 2024, with solid net income, cost discipline and strong asset quality. Our performance provides us with further confidence around our strategic ambitions and 2024 and 2026 guidance.” Investors had also been hoping for updates on the Financial Conduct Authority investigation into whether consumers have been charged inflated prices for car loans. Lloyds, which has the largest car loan division of the four biggest UK banks, has already put aside £450m – far short of the £2bn that analysts believe it could be on the hook for. However, Lloyds did not give any more details about whether it might put aside more cash to cover potential fines or compensation for customers. The FCA has indicated that it will give more details on its findings by the autumn. |
Posted at 14/4/2024 12:39 by hardup1 20 dirt-cheap British stocks experts say could make you a fortune.7) LLOYDS BANKING GROUP (FTSE100) Ninety One's Ben Needham says Lloyds should offer investors 'an excellent cash return story' in the coming years. This will come in the form of a compelling dividend (2.76p a share in the 2023 financial year) and a strong share price return, driven in part by the company buying back its shares (reducing the number in issue), so increasing the chance of the shares going up in price. 'At the current share price,' says Needham, 'Lloyds shares should generate mid-teen annual returns for investors.' Another Lloyds fan is Interactive Investor's Richard Hunter. He says the bank's move to a more digital business (closing offices and branches) will 'reap rewards' in the form of improved margins (bigger profits). He is also encouraged by the bank returning to its previous reputation as a 'provider of large shareholder returns.' A 'progressive' dividend policy, adds Hunter, has resulted in an annual dividend equivalent to 5.4 per cent – 'tempting for income seeking investors.' The shares trade at around 51p. |
Posted at 06/4/2024 12:10 by freddie01 Lloyds upgraded as optimism builds for second half of year - analystsLloyds Banking Group PLC (LSE:LLOY) was upgraded by analysts on Thursday as prospects for Britain’s banking sector look to improve into the second half of the year. Across the sector in February, deposits into non-interest-bearing bank accounts climbed for the first time since October 2022, mortgage lending was positive and business loans grew, KBW analysts said, pointing to this week’s Bank of England data. “This suggests that many of the pressures on Lloyds earnings, whilst likely to continue in the first half, are dissipating rapidly,” the investment bank continued. Though Lloyds shares have rallied in recent months on growing optimism of better conditions in the latter half of the year, such as from rate cuts, KBW noted the stock was trading at a 20% discount to long-term averages. “We continue to believe that UK incumbent banking is in long-term structural decline from new entrants with better cost and higher customer satisfaction,” KBW added. “But, it is clear that 2024 is set to be a cleaner year than we have seen for some time.” Lloyds was upgraded to an ‘outperform&rs Shares in the bank climbed 2.75% to 53.82p on Thursday. |
Posted at 06/4/2024 11:08 by diku No nasties in full year results...Costs cutting and branch closures... Rates staying higher for longer...good for margins... Those borrowers who locked in 2 - 5 year when rates were zero pre 2022 banks were giving away money...have to renew at higher rates... Default rates so far low as rates have peaked in this cycle and inflation stats coming down... Housing/lending market and rental market still bouyant... Lloy doing mega buy backs... Banking sector was lagging behind on fears of recession with much higher rates and increase in defaults... Employment rate steady... Good possibility change of Govt as mentioned by Ut previously... crystball14 Apr '24 - 14:53 - 393939 of 393967 0 0 0 Can anyone explain why the LLOY share price has risen significantly recentl |
Posted at 05/4/2024 06:16 by the_owl88 Lloyds Banking Group PLC (LSE:LLOY) was upgraded by analysts on Thursday as prospects for Britain’s banking sector look to improve into the second half of the year.Across the sector in February, deposits into non-interest-bearing bank accounts climbed for the first time since October 2022, mortgage lending was positive and business loans grew, KBW analysts said, pointing to this week’s Bank of England data. “This suggests that many of the pressures on Lloyds earnings, whilst likely to continue in the first half, are dissipating rapidly,” the investment bank continued. Though Lloyds shares have rallied in recent months on growing optimism of better conditions in the latter half of the year, such as from rate cuts, KBW noted the stock was trading at a 20% discount to long-term averages. “We continue to believe that UK incumbent banking is in long-term structural decline from new entrants with better cost and higher customer satisfaction,” KBW added. “But, it is clear that 2024 is set to be a cleaner year than we have seen for some time.” Lloyds was upgraded to an ‘outperform Shares in the bank climbed 2.75% to 53.82p on Thursday. |
Posted at 04/4/2024 14:53 by crystball1 Can anyone explain why the LLOY share price has risen significantly recently? |
Posted at 23/3/2024 08:02 by freddie01 Here’s why the Lloyds, NatWest, and HSBC share prices are surgingBritish banks are roaring in 2023. Lloyds Bank(LON: LLOY) share price surged to 52.58p on Friday, 28% above its lowest level since February this year. Similarly, NatWest stock jumped to 259p, also 33% higher than the YTD low. HSBC vs Lloyds vs Barclays shares These banks have continued soaring for two main reasons. First, the Bank of England (BoE) has been quite supportive. In its meeting on Thursday, the bank decided to leave interest rates unchanged at 5.25%, its highest level in over a decade. Most banks benefit from high-interest rates because they usually lead to more net interest income (NII). The most financial results showed that Lloyds’s net interest income jumped to more than £13.8 billion, a 5% increase. Similarly, NatWest had a full-year profit of £4.4 billion and a net interest margin of 3.04%. HSBC, the biggest UK bank by assets, had a net interest margin of 1.66% and NII of over £10 billion. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. These banks will likely continue making these numbers this year as interest rates are expected to remain higher for longer. Analysts expect the Bank of England to cut interest rates by about 75 basis points this year. In a statement, analysts at Bloomberg said: “There was a dovish shift in the vote split and an acknowledgment that its policy stance will remain restrictive even if it eases.” UK banks are highly undervalued These banks have also jumped because of the perception that they are severely undervalued compared to their American and European peers. Lloyds has a price-to-book ratio of 0.67 while NatWest and HSBC have ratios of 0.57 and 0.82, respectively. These P/B ratios are much lower than other large banks. JPMorgan has a P/B multiple of 1.75 while Unicredit has 0.90. Goldman Sachs has a P/B ratio of 1.20. The price-to-book ratio is an important figure because it looks at its share price compared to its book value. UK banks are also cheap, considering that, in theory, they are among the safest ones in the industry, Most of them have a CET1 ratio of over 14, meaning that their balance sheets are much safe. Still, these companies are facing some challenges. On Thursday, we reported that Barclays is laying off hundreds of workers in its investment banking division. Lloyds is also cutting 1,600 jobs and closing some of its branches. NatWest is culling 500 jobs while HSBC is slashing more than 500 jobs and exiting some of its markets. Therefore, investors believe that these job cuts will lead to more profits as interest rates start falling. |
Posted at 11/3/2024 13:03 by marktime1231 A sharp rise in share price when the ISA window opens and before ex-div would be logical hardup and I share your enthusiasm for the that scenario. Except the behaviour of LLOY share price is frequently irrational. |
Posted at 03/3/2024 04:36 by the_owl88 Given recent results, Lloy share price looks silly!2013 vs 2023 table below. Also consensus is interest rates & mortgage rates (rising again) will stay higher for longer - likely above 5% till 2025 even if 2% inflation target is reached. Fwiw my 'all of market' broker last week found a new 'best residential mtg' @5.3% (previously 2019 - 1.79% !) for me. Fast rising rents will drive more mortgages too for couples. Adding eom in new range 40 - 50p on dips, or above when new Isa tax year kicks in 6 Apr as I think at these prices, and with buyback yield will soon be c8% - regardless of growth potential in article below. |
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