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LLOY Lloyds Banking Group Plc

49.32
-0.07 (-0.14%)
Last Updated: 09:06:19
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
  -0.07 -0.14% 49.32 13,251,424 09:06:19
Bid Price Offer Price High Price Low Price Open Price
49.325 49.34 49.475 48.82 49.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.74 31.33B
Last Trade Time Trade Type Trade Size Trade Price Currency
09:05:46 AT 2,740 49.32 GBX

Lloyds Banking (LLOY) Latest News

Lloyds Banking (LLOY) Discussions and Chat

Lloyds Banking (LLOY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:05:2649.3431.48O
09:05:2649.34209.87O
09:05:2649.333,2541,605.20AT
09:05:2649.332,7501,356.58AT
09:05:2649.333,3491,651.89AT

Lloyds Banking (LLOY) Top Chat Posts

Top Posts
Posted at 19/3/2024 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 49.39p.
Lloyds Banking currently has 63,569,225,662 shares in issue. The market capitalisation of Lloyds Banking is £31,396,840,554.
Lloyds Banking has a price to earnings ratio (PE ratio) of 5.75.
This morning LLOY shares opened at 49.20p
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.
Posted at 25/2/2024 09:05 by hardup1
As expected all of the media that have reported on Lloyds Final Results are focusing their headlines on the £450m provision that Lloyds have made for Car Finance, alluding that this is a plea of guilty by Lloyds. And the estimations of the hit Lloyds could take are growing every day. This is just going to snowball over the next 6 months which will be detrimental to Lloyds share price increasing from current level until we know what the outcome of the rigged FCA Investigation. I think the share price will be range bound between 40p - 45p until then.

There is a positive to be taken from this though, it could ensure that the 2024 buyback will be completed with another low average share price and large number of shares bought back for cancelling. The 2022 buyback average price was 44.162p with 4.528 billion shares purchased. The 2023 buyback average price was 45.597p with 4.386 billion shares purchased. So this years buyback may benefit from the uncertainty and negative media reports that will be appearing frequently in the press keeping the lid on the share price. I think we could end up with at least another 4.5 billion shares being bought back for cancelling this year.
Posted at 23/2/2024 09:26 by hardup1
As expected all of the media headlines that have reported on Lloyds Final Results are focusing their headlines on the £450m provision that Lloyds have made for Car Finance, alluding that this is a plea of guilty by Lloyds. And the estimations of the hit Lloyds could take are growing every day. This is just going to snowball over the next 6 months which will be detrimental to Lloyds share price.
Posted at 23/2/2024 05:24 by the_owl88
Lloyds shares surge as motor finance issue splits analysts
Last updated: 16:01 22 Feb 2024 GMT

Lloyds Banking Group PLC
LSE:LLOY
Lloyds Banking Group
Annual results from Lloyds Banking Group PLC (LSE:LLOY) saw the shares fall in early trading before surging higher from late morning, with investors and analysts seeing several positives in the numbers.

On the downside, profits fell in the fourth quarter, but were in line with expectations despite a £450 million provision to cover potential costs of a motor finance probe from the Financial Conduct Authority.

One car finance boss said the move by Lloyds, which operates Black Horse motor finance, "reads as a tacit acknowledgement of the scale of the car finance mis-selling problem", with the FCA probe highlighting this "sharp practice" and "systemic problems that tipped the balance too far away from consumer interests".

Lloyds, the UK's largest high-street lender, also revealed that the FCA has opened an investigation into the group's compliance with UK money laundering regulations saying it is "not currently possible to estimate the potential financial impact, if any".

Positives included capital returns, where a final dividend of 1.84p per share and a buyback of up to £2 billion meant £3.8 billion of returns have been declared for 2023, equivalent to 14% of the bank's market cap.

Analyst Gary Greenwood at Shore Capital said the buyback was a positive surprise, as he felt it was "something [the board] may step back from given the uncertainty surrounding the motor finance review", which he thinks could cost the bank nearer £1 billion in the end.

Max Georgiou, analyst at Third Bridge, said the FCA review "could present challenges in the future, Lloyds is thought to have the largest exposure across UK peers and could present a challenge in RoTE targets moving forward".

The car finance provision is "a nasty detail which may be provoking some nervousness among investors", said Russ Mould at AJ Bell.

“Anyone with memories of the PPI scandal will have doubts over whether the amount set aside so far will represent the final cost of dealing with this issue. Time will tell if £450 million represents the tip of the iceberg or an appropriately conservative assumption. Lloyds admits there is considerable uncertainty on this front."

It was the "key news" for analysts at KBW, who said while it is "highly unlikely" to be the end of the story, it is "orders of magnitude below market fears" and the fact that the regulator approved a £2 billion buyback "does suggest that they are not expecting outsized charges later this year".

UK banks are "clearly still not through the margin woods", the KBW analysts said, "the others have just stopped talking about it", but with Lloyds shares trading on 5.6 times 2025 earnings and 0.8 times book value, "it is hard to argue that it is not well reflected in the price".

At UBS, analysts highlighted that fourth-quarter underlying PBT was 2% above the analyst consensus, driven by an impairment write-back from the repayment of a Daily Telegraph loan by the Barclay family, though pre-provision profit was 34% below forecasts, driven mostly by the motor finance charge.

Net interest margins and CET1 capital levels were also lower than the consensus, UBS said, while the dividend was in line.

2024 guidance was "slightly below" the City consensus, the UBS analysts said, seeing a "low to mid-single digit downside to 2024 consensus PBT" due to lower net interest income and higher operating lease depreciation partly offset by lower impairments.

Guidance for return on tangible equity – a key gauge of a company's profit efficiency – was guided to fall from 15.8% last year to circa 13%, which UBS said was as expected, with Lloyds saying it should recover to 15% by 2026.
Posted at 22/2/2024 09:43 by richie1218
The Lloy share price will be closer to 50p than 40p this time tomorrow imo .. gla
Posted at 22/2/2024 07:53 by hardup1
DATAIT......HSBC announced 78% jump in profits yesterday and their share price tanked -8%. The fact that Lloyds have made a £450M provision for Car Finance is just the reason the MM's need to hammer the share price, and the media will assist that headlining that Lloyds have admitted guilt by making a provision of £450M. Having said that the market works in funny ways at times like this so lets see what happens today.
Posted at 20/2/2024 13:16 by dexdringle
Barclays doing buy backs is fine as their NAV is double the share price. So they buy £1 of assets with each 50p spent on buybacks.

But here at Lloyds buybacks are pointless as NAV is much the same as the share price so no 'discount purchase' effect. I'd rather they just did dividends as that (a consistently high dividend) will do more to support the share price than buybacks ever will.
Posted at 16/2/2024 11:30 by the_owl88
G21 I don't think the authorities will be looking at cases till Sept this year so unlikely a provision if there is to be one till next year. For example it doesnt even get a mention in NW report.

That said there may be a provision of monies (all banks but Lloyds probably has most Uk car loans) in the 2024 accounts. However, last year was similar in that c£600m was set aside (for loan defaults), then reduced to I think c £180m because it wasnt as bad as feared.

Personally I think the same will happen here. Difference being that the banks are better capitalised than last few years and big rise in interest rates, so it may depress the share price a bit but in the bigger scheme of things it shouldnt affect year on year profitability too much.

The fact NW posted best results today since 2007 after a dire year for them (most analysts seem to favour Lloyds over the others inc NW) may be similarly reflected in Lloyds so hopefully cash reserves are increasing - albeit possibly slower.

So yes its a risk, however I think Lloyds has the resources so its not an issue. For example instead of a 2bn share buyback they could do 1bn or none.

I added a few Lloy today @ 42.10 off the back of NW results. A rare mid month purchase for me. More to follow end of month when spare monies are free.
Posted at 15/2/2024 16:59 by hardup1
Marktime1231, I think Lloyds will be damned if they do and damned if they don't. The way the FCA are going about this is poor regulation. This is going to be a ball and chain around Lloyds neck until the FCA conclude their investigation in September and announce their findings. And during this time the ongoing scaremongering in the media will intensify. Anyway let's see what happens with Lloyds share price tomorrow if NatWest release a good set of results and their share price takes off.
Lloyds Banking share price data is direct from the London Stock Exchange

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