Lloyds Banking Share Discussion Threads

[smurfy2001] 25/4/2024 16:15

Nationwide's £200 switching bonus saw a record 163,000 customers sign up - with other banks losing out
Nationwide scooped 163,363 switching customers in last three months of 2023
During this time, it was running a £200 switching bonus to encourage sign-ups
Nationwide could have spent up to £39million just reeling in new customers

[hardup1] 25/4/2024 15:28

Normal service has resumed. Barclays up 7%, Natwest up 1.5%, Lloyds down -0.93%. Buyback should hoover up a few today.

[geckotheglorious] 25/4/2024 14:34

Scruff
"Reform or whoever need to get the keys to power then they can start executing the Mark Powleys of this world and the mass sackings of civil servant refusniks and all other lefty objectionables. Seems like a plan"

Agreed.

Sadly we will have to wait until 2029 when it will be really bad before many think about such. For the time being its muh, tried blue, let's give red a chance.

[kkclimber56] 25/4/2024 14:13

Dow futures looking grim

[xxxxxy] 25/4/2024 11:33

At 23, I am finally taking my money out of RevolutAs long as fraud victims remain in limbo, the fintech is not the future of my financesMadeleine Ross, MONEY REPORTER...Daily Telegraph

[geckotheglorious] 25/4/2024 10:06

Scruff
If you cant be diplomatic and more selective with your choice of language then you shouldnt be in politics.

Disagree - the time for the niceties of the Humphreys generation is over.
We need to change tack because the current diplomatic platitudes see us get walked over every day of the week.

[scruff1] 25/4/2024 09:29

Ben Habib I see doing his best to sink Reforms dinghy before it leaves port. We need a serious right wing alternative to the Blue Liberal Party and so far for me its not cutting it. That stupid invitation to George Galloway has already tarnished it in the eyes of many and I listened to Habibs rant and it was not the sort of thing you want to hear from someone with ambitions to be leading the country. If you cant be diplomatic and more selective with your choice of language then you shouldnt be in politics. Thats not to say you cant be forceful and determined and get your own way but you have to be realistic and mature enough to realise you have to carry with you many people with a wide variety of opinions - thats the real skill of a successful politician. Whats not going to be successful is an extreme right wing group of barmsticks. So they will have to put machine gunning the dinghies on hold for now!

[hardup1] 25/4/2024 09:07

Barclays flying after Q1 results, up 5% already. Me thinks the ongoing car finance is going to be a drag on Lloyds until the FCA complete their investigation.

[casabella2] 25/4/2024 09:04

hxxps://www.msn.com/en-gb/travel/news/arches-near-bradford-city-centre-station-to-be-gated-off-but-concerns-are-raised/ar-AA1nCcGi?ocid=winp2fptaskbar&cvid=d47764c8de414e82b5b846d6a2485e89&ei=16

[jrphoenixw2] 24/4/2024 22:29

'The UK bank levy should be recovered via a corresponding offset in NII over the next quarters.'

Meaning? I'll have a go, 'The high-profile government show of sin-taxing banks with a levy, will be recouped by the banks via them charging higher interest on loans, and paying less on customer deposits'.

Long/short: The vanity show by the govt might flatter them in some peoples eyes, meanwhile all bank customers pay for it.

Or am I too cynical?

[scemer] 24/4/2024 21:45

Thanks Freddie

[jl5006] 24/4/2024 19:25

FGS schnapps
Ur D mail article is not representative of ppl. As always a pillock.

[jl5006] 24/4/2024 19:21

Bold words Sunk - u prat - just pledges - never gets sorted - guess that is the lie - but u never even say sorry - which seems to be the get out today. a leaflet through the door - LIbdem candidate all of 23 - no use to mankind this system is as much use as a roll of Andrex

[freddie01] 24/4/2024 18:50

Lloyds swings from red into green as analysts say results weren't that bad


Analysts 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

[hardup1] 24/4/2024 18:28

After 42 trading days, buyback complete to date:
Total shares to date........................954,865,205
Aggregate cost to date... ..................£476,654,521.96
Average price paid to date..................49.9185
Percentage of £2 billion buyback completed..23.83%

[jrphoenixw2] 24/4/2024 18:13

Previous close: 51.34
Hi: 53.22
Low: 49.61
The intra-day range there is striking; 7.15%!
Close +0.9% @ 51.78p

I'd usually expect the more informed trade, when together with volume (institutional) to make the likely correct interpretation and set the early buy/sell direction. Then the retail 'followers' to act, when they later get told the consensus interpretation. You'd almost think looking at today it was the other way around.

The alt that the Insti's 180 degrees changed their conclusions from the IMS a few hours after earlier reaching tradable conclusions holds no water either. Nor that it was an illiquid market hence volatile - volume was in-line with 3-Mo average.

[hardup1] 24/4/2024 17:37

marktime1231....go to page 3 of the link.
NIM 2.95%
EPS 1.7P
TNAV 51.2P

[xxxxxy] 24/4/2024 17:06

Nigel Farage@Nigel_FarageWe are allowing the French Navy to help the illegal gangs.0:4111:14 pm · 23 Apr 2024

[arja] 24/4/2024 16:46

scruffi ,
take note sport :) Well done !yet another brexit benefit.:)


Brexit: David Cameron admits it was easier to return migrants to France before the UK left the EU