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LLOY Lloyds Banking Group Plc

55.38
0.38 (0.69%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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
  0.38 0.69% 55.38 118,037,841 16:35:16
Bid Price Offer Price High Price Low Price Open Price
55.32 55.36 55.62 55.06 55.10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0901 6.14 33.34B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 O 428 55.38 GBX

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Date Time Title Posts
14/12/202412:47Black Beauty: A Recovering Quadruped399,510
14/12/202408:08Lloyds Bank (MODERATED)2,490
12/12/202410:38Lloyds Bank (LLOY) 'On Topic only' - Thread34,960
09/12/202411:32ShareSoc Webinar Recording: Lloyds Banking Group PLC (LLOY)-
23/10/202407:11Lloyds Bank PLC, chat and charts121

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Posted at 14/12/2024 08:20 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 55p.
Lloyds Banking currently has 60,609,645,770 shares in issue. The market capitalisation of Lloyds Banking is £33,553,499,898.
Lloyds Banking has a price to earnings ratio (PE ratio) of 6.14.
This morning LLOY shares opened at 55.10p
Posted at 11/12/2024 11:49 by marktime1231
That was swift. I wonder where we can read the SC order giving permission to appeal, usually only granted where there is an arguable point of law with general public interest. Has the CA decision been stayed pro tem?

Guess this will delay court and FCA enforcement of restitution, while the SC decide the extent to which agent commission arrangements must be transparent when selling finance (and other things?) to ordinary consumers. I doubt whether it will change the outcome but you never know, hope causing sharp relief in LLOY share price
Posted at 03/12/2024 16:09 by cobourg1
WARNING! This report is unverified by Lloyds. It came from Bloomberg and would have been on the terminal earlier. Is this why the price is down?

Since Lloyds is reducing the risk on its books, albeit at a cost, I would have thought it quite good news, or at least neutral news, a bit like a bookie laying off risky bets.

.........................................................................

By Esteban Duarte and Aisha S Gani
3 December 2024 at 13:28 GMT



Lloyds Banking Group Plc is selling a significant risk transfer linked to around £1 billion ($1.3 billion) of UK mortgages, which have been subject to modifications such as term extensions, according to a person familiar with the matter.

Lloyds is seeking credit protection on a portfolio of home loans, which are mostly performing but are subject to high regulatory capital charges because they were previously delinquent, said the person, who asked not to be named because the deal is private. The transaction, which may be priced in coming days, also includes a portion of mortgages currently in arrears, the person said.

Terms of the transaction, including size, are subject to discussion with investors. A representative for Lloyds declined to comment.

SRTs enable banks to hold onto loan assets and offload the risk by paying investment firms to share any potential future losses. Usually, a bank would obtain default protection for as much as 15% of portfolios, and in return investors can receive yields that frequently top 10%.

Banco Santander SA is also selling an SRT linked to a portfolio of UK home loans, as part of at least a dozen of such deals the Spanish bank has in various stages of the sale process, Bloomberg reported Nov. 21.

SRTs are often configured as credit-linked notes that enable banks to free up capital they’d otherwise have to use to insure their own loans. Lloyds’ core equity tier 1 ratio, a solvency metric closely watched by investors and regulators, was at 14.3% at the end of the third quarter compared with 14.6% a year earlier, according to an Oct. 23. presentation.

Loans tied to SRTs have reached about $1 trillion, with such deals running at a record pace for the fourth straight year, according to data compiled by Chorus Capital Management.

— With assistance from Helene Durand
Posted at 26/11/2024 09:28 by jj123bb
Here is how the share buybacks are being utilized!! Reminder to all small shareholders that every Stg2 billion buyback means a 3p dividend per share less to us shareholders!RNS Number : 5640NLloyds Banking Group PLC26 November 2024 LLOYDS BANKING GROUP PLC - BLOCK LISTING OF SHARES Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of 185,000,000 ordinary shares of 10p each in Lloyds Banking Group plc (the "Company"), comprising 35,000,000 shares for the Lloyds Banking Group Share Incentive Plan, and 150,000,000 shares for the Lloyds Banking Group Sharesave Scheme 2017 (together the "Plans"). These shares will be allotted to trade on the London Stock Exchange and be admitted to the Official List upon allotment pursuant to the Company's obligations under the Plans. These shar
Posted at 26/11/2024 09:26 by jj123bb
Here is how the share buybacks are being utilized!! Reminder to all small shareholders that every Stg2 billion buyback means a 3p dividend per share less to us shareholders!RNS Number : 5640NLloyds Banking Group PLC26 November 2024 26 November 2024 LLOYDS BANKING GROUP PLC - BLOCK LISTING OF SHARES Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of 185,000,000 ordinary shares of 10p each in Lloyds Banking Group plc (the "Company"), comprising 35,000,000 shares for the Lloyds Banking Group Share Incentive Plan, and 150,000,000 shares for the Lloyds Banking Group Sharesave Scheme 2017 (together the "Plans"). These shares will be allotted to trade on the London Stock Exchange and be admitted to the Official List upon allotment pursuant to the Company's obligations under the Plans. These shares will rank equally with the existing issued ordinary shares of the Company. Admission of the shares is expected on 27 November 2024.
Posted at 11/11/2024 16:23 by car1pet
Lloyds Banking Group PLC (LSE:LLOY) potential financial risk due to motor finance loans is manageable, according to Deutsche Bank, which reaffirmed its 'buy' rating on the stock, with a slightly reduced price target of 80 pence (down from 83p).

Since 2007, Lloyds has collected an estimated £5.7 billion in interest on £56 billion in motor finance loans.

A recent court ruling introduced the possibility of "full rescission", meaning loans could theoretically be reversed, but Lloyds’ strong capital base is likely to withstand even this unlikely event, Deutsche said.


Lloyds is expected to continue a steady dividend, though stock buybacks may be more limited in the short term, the German bank said in a brief note.

Factoring in returns of all broker fees, total capital return is expected to yield 31% by 2026, with even the harshest scenario allowing for 20%.

Lloyds shares were up 1.8% at 54.04p in afternoon trading.
Posted at 08/11/2024 01:37 by cobourg1
I hope that eventually someone with some credibility will point out that any money that Lloyds is likely to pay is priced into the share price several times over. That it isn't certain that Lloyds will have to pay or what it will have to pay,and if it does it will be over a long time period. Come to think of it, a bit more information from the company wouldn't come amiss.

Lloyds is under priced compared with its peers who are generally doing quite well. I know it might be facing a hit, but 54p ....really?

Still, in some ways we are lucky, have you seen the Close Brothers share price?
Posted at 24/10/2024 12:03 by yump
Proactiveinvestors

Commentators reporting on other commentators. Nice work if you can get it.

The crowd that brown nose in interviews and never ask any penetrating questions. I wonder what their commentary was when the share price was 45p.

So the share price hasn’t risen much a day after the results. Since when was Lloyds an AIM stock ?
Posted at 24/10/2024 11:50 by freddie01
Lloyds Banking Group earnings beat fails to move the share price - here's why

13:35 23 Oct 2024 BST



Lloyds Banking Group PLC's (LSE:LLOY) third-quarter metrics exceeded market expectations, yet the bank’s share price saw little movement.

Now, for the dedicated follower of the black horse bank, that shouldn't come as a surprise.

First, there was no upward revision of the full-year number from CEO Charlie Nunn and his team.

And, after a stellar run that has seen around £8 billion, or 28% added to the group's market capitalisation, the stock looks up with events - albeit some optimists out there suggest the current share price underestimates Lloyds' potential.


Earnings beat
The UK's largest lender posted pre-tax profits of £1.8 billion for the quarter, ahead of analysts’ forecasts of £1.6 billion.

While this figure was slightly lower than last year’s £1.9 billion, the results were notable given the broader economic backdrop, including falling interest rates.

Lloyds has been able to use its 'structural hedge'—a financial strategy to manage interest rate fluctuations—to maintain a higher-than-expected net interest margin (NIM), a key measure of profitability.

The NIM for the quarter stood at 2.95%, up from 2.93% in the previous quarter and slightly ahead of market predictions.

John Moore, senior investment manager at RBC Brewin Dolphin, said: “With interest rates on a downward trajectory, there will inevitably be an ebb and flow to the numbers, and there is some evidence of that today.”

Lloyds' underlying profit was 11% ahead of consensus forecasts, while pre-provision profits were 4% higher than expected, helped by lower-than-anticipated impairment charges.

Credit quality holds up
UBS analysts pointed out that net interest income was 1% ahead of expectations, with the NIM slightly outperforming projections.

"The margin and non-interest income were highlights, particularly in the context of a quarter in which the lag effect of the base rate cut might have impacted by circa three basis points," said broker Jefferies.

Shore Capital’s Gary Greenwood agreed that the improvement in NIM was significant, noting that "credit quality remains very benign" and that Lloyds' capital generation continues to be strong.

Despite these encouraging numbers, Lloyds kept its guidance for the full year unchanged, which may have tempered any significant movement in the share price.

Forecasts intact
For 2024, City analysts are expecting pre-tax profits of just under £6.2 billion and earnings per share (EPS) of 6.3p.

Greenwood’s forecast is more optimistic, at £6.6 billion and 6.8p EPS, though he pointed out that his figures do not account for any additional provisions from the Financial Conduct Authority’s review into discretionary commission payments.

While the numbers were positive, two uncertainties remain for Lloyds.

One is the potential fallout from the mis-sold Personal Contract Purchase (PCP) loans through its Black Horse motor finance division. The other is what strategic steps the bank will take moving forward, with investors looking for clarity on long-term growth plans.

For now, Lloyds’ steady performance, bolstered by strong lending growth and stable margins, has reassured investors, even if the share price response has been subdued.

As RBC’s Moore summed up, "there will inevitably be an ebb and flow to the numbers," as the bank continues to navigate changing market conditions.
Posted at 23/10/2024 11:13 by marktime1231
Arguing about buybacks aside, did anyone spot anything interesting in the release?

Adhering to the FY outlook means LLOY still expects two more rate cuts this year. Do we really think there will be a 0.5% cut next month or 0.25% cuts in November and December? Would be good but I don't imagine the BoE will be so bold.

EDIT - the second release reveals that an unchanged outlook includes the change of now expecting only one further 0.25% rate cut in Q4 2024. Fair enough. And expects rates to drop and stick at 4% in Q3 next year. That is a punishing interest rate and mortgage rate outlook, no-one wants the old 4% normal to be the new 4% normal. It will feel brutal if at the same time CPI holds in the 1.5-2.5% range. The UK will be struggling for growth and burdened with taxes to pay the cost of accumulated debt. How gloomy.

The strength of LLOY share price progress has surprised me. DB were LLOY worst critic of the last few years, now a massive uprating despite actual performance following a steady as-expected path including NIM falling back to a historically more normal level.
Posted at 04/10/2024 06:56 by freddie01
Here’s the dividend forecast for Lloyds shares through until 2026


Based on predictions prepared by analysts, dividends from Lloyds shares are expected to grow steadily over the next three years.

At the end of July, shares in Lloyds Banking Group (LSE:LLOY) broke through the 60p barrier for the first time since the pandemic. Since then, they’ve fallen back slightly. However, they remain (at 30 September) 23% higher than at the start of 2024.

Despite this good run, I suspect most people hold the stock for its generous dividend rather than in expectation of significant capital growth. So I’m going to look at the latest forecast to see what the stock might pay between now and 2026.


What returns might be on offer?
In respect of its year ended 31 December 2023 (FY23), the bank paid a dividend of 2.76p a share. Based on a current share price of 59.5p, this implies a yield of 4.6%.


With the FTSE 100 as a whole averaging 3.8%, it’s easy to see why the ‘black horse bank’ remains popular with income investors.

But the good news doesn’t stop there.

Its FY24 interim dividend was 15.2% higher than in FY23. If the final payout’s increased by the same amount, the yield rises to an even more impressive 5.3%.

In fact, analysts are expecting the bank to do better. The average of their predictions is for a FY24 total dividend of 3.26p, offering yield of 5.5%.

Looking further ahead, payouts of 3.44p (FY25) and 3.98p (FY26) are expected. If correct, a return of up to 6.7% (FY26) could be available.

And it would mean an increase in its payout of 99%, compared to FY21.

Is this forecast realistic?
However, forecasting dividends is more of an art than a science, especially for banking stocks where earnings can be volatile.

To meet these predictions, Lloyds must continue to grow. The bank consistently pays out around 45% of its earnings per share in dividends, so any drop in profits is likely to lead to a cut in its payout.

And I believe earnings will come under pressure as it looks as though we’re heading into a lower interest rate environment.

Also, with an estimated 18% share of the UK mortgage market, the bank is heavily exposed to the domestic economy. Virtually all of its profits are generated in this country. But the British economy is struggling to grow at the moment.

However, despite these concerns, the stock appears to offer good value. Its market cap of £36.5bn is around 20% lower than its book value at 30 June 2024, of £45.1bn.

It also trades at 8.9 times its estimated earnings for 2024. This is low by historical standards and comfortably below the FTSE 100 average.

The risk of bad loans also appears to have receded. For the first two quarters of 2024, it set aside £101m to cover losses, compared to £662m during the same period in 2023.

However, despite this — and the healthy dividend yield — I don’t want to invest at the moment.

That’s because with the country’s finances in such a dreadful state, I fear the government will see the banking sector as an easy target for raising additional tax receipts.

I suspect we’re likely to see some short-term share price volatility if a ‘windfall tax’ (or something similar) is imposed on the industry. I’m therefore going to wait until after the budget on 30 October, before revisiting the investment case
Lloyds Banking share price data is direct from the London Stock Exchange

Lloyds Banking Frequently Asked Questions (FAQ)

What is the current Lloyds Banking share price?
The current share price of Lloyds Banking is 55.38p.
How many Lloyds Banking shares are in issue?
Lloyds Banking has 60,609,645,770 shares in issue.
What is the market cap of Lloyds Banking?
The market capitalisation of Lloyds Banking is GBP 33.34 B.
What is the 1 year trading range for Lloyds Banking share price?
Lloyds Banking has traded in the range of 41.00p to 63.46p during the past year.
What is the PE ratio of Lloyds Banking?
The price to earnings ratio of Lloyds Banking is 6.14.
What is the cash to sales ratio of Lloyds Banking?
The cash to sales ratio of Lloyds Banking is 1.41.
What is the reporting currency for Lloyds Banking?
Lloyds Banking reports financial results in GBP.
What is the latest annual turnover for Lloyds Banking?
The latest annual turnover of Lloyds Banking is GBP 23.74B.
What is the latest annual profit for Lloyds Banking?
The latest annual profit of Lloyds Banking is GBP 5.46B.
What is the registered address of Lloyds Banking?
The registered address for Lloyds Banking is THE MOUND, EDINBURGH, EH1 1YZ.
What is the Lloyds Banking website address?
The website address for Lloyds Banking is www.lloydsbankinggroup.com.
Which industry sector does Lloyds Banking operate in?
Lloyds Banking operates in the COMMERCIAL BANKS, NEC sector.

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