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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
|
|
|---|---|---|---|---|---|
| 0.12 | 0.23% | 52.94 | 114,764,825 | 16:35:09 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 53.04 | 53.06 | 53.40 | 52.88 | 53.12 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 23.74B | 5.46B | 0.0888 | 5.97 | 32.48B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:10 | O | 200 | 52.92 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/11/2024 | 15:08 | UK RNS | Lloyds Banking Group PLC Total Voting Rights |
| 29/11/2024 | 11:37 | UK RNS | Lloyds Banking Group PLC Notice of Redemption |
| 27/11/2024 | 10:20 | UK RNS | Lloyds Banking Group PLC Notice of Redemption |
| 26/11/2024 | 09:00 | UK RNS | Lloyds Banking Group PLC Block Listing of Shares |
| 19/11/2024 | 15:19 | UK RNS | Lloyds Bank PLC Publication of Suppl.Prospcts |
| 19/11/2024 | 12:07 | UK RNS | Lloyds Banking Group PLC Publication of Suppl.Prospcts |
| 19/11/2024 | 12:02 | UK RNS | Lloyds Bank PLC Publication of Suppl.Prospcts |
| 14/11/2024 | 08:44 | ALNC |  IN BRIEF: Lloyds Banking completes GBP2 billion share buyback |
| 14/11/2024 | 07:27 | UK RNS | Lloyds Banking Group PLC Completion of £2 billion Share Buyback Programme |
| 13/11/2024 | 17:53 | 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 |
|---|---|---|---|
| 03/12/2024 | 19:36 | Black Beauty: A Recovering Quadruped | 399,317 |
| 03/12/2024 | 17:57 | Lloyds Bank (MODERATED) | 2,473 |
| 03/12/2024 | 16:09 | Lloyds Bank (LLOY) 'On Topic only' - Thread | 34,927 |
| 23/10/2024 | 07:11 | Lloyds Bank PLC, chat and charts | 121 |
| 25/9/2024 | 14:50 | HALIFAX SHARE DEALING | 78 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:03:49 | 52.92 | 200 | 105.84 | O |
| 17:01:25 | 52.92 | 298 | 157.70 | O |
| 16:54:27 | 53.00 | 89 | 47.17 | O |
| 16:35:29 | 52.94 | 411,161 | 217,668.63 | O |
| 16:35:25 | 52.94 | 34,924 | 18,488.77 | O |
| Top Posts |
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Posted at 03/12/2024 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 52.82p.Lloyds Banking currently has 61,482,503,126 shares in issue. The market capitalisation of Lloyds Banking is £32,610,319,658. Lloyds Banking has a price to earnings ratio (PE ratio) of 5.97. This morning LLOY shares opened at 53.12p |
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 22/11/2024 10:21 by stonedyou LLOYDS BANKING GROUP COMPLETES £2 BILLION SHARE BUYBACK PROGRAMMEFollowing the purchase of ordinary shares on 13 November 2024, Lloyds Banking Group plc (the "Company") announces that the Company's share buyback programme announced on 23 February 2024 was completed in accordance with its terms. The programme was managed by Morgan Stanley & Co. International plc. In aggregate between 23 February 2024 and 13 November 2024, the Company repurchased 3,686,477,708 ordinary shares for an aggregate consideration of £2.0bn. - END - "The obsession with reducing the number of shares in issue is ridiculous. If they didn't want that many shares in issue then why did they issue them in the first place ? Share buybacks are the company eating itself. They don't produce an instant increase in the share price. And it isn’t a productive use of the money. Personally, I'd ban them. If a company wants to reduce the number of shares in issue they need to do a consolidation" dexdringle |
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 11:50 by freddie01 Lloyds Banking Group earnings beat fails to move the share price - here's why13:35 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—t 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-anticipat 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 2026Based 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 |
Posted at 28/9/2024 17:11 by freddie01 Lloyds Banking Group share price outlook for 2024 and beyondLloyds Banking Group faces a mixed outlook for 2024, with strong fundamentals but significant headwinds. Here's what investors need to know. How is Lloyds performing? Lloyds Banking Group (Lloyds) is currently trading at around 59.00 pence (p) per share. This represents a significant 32% increase over the past year, showcasing the bank's resilience in a challenging economic environment. One of the most attractive features for income-seeking investors is Lloyds’ forward-looking dividend yield, projected at 5.8% for 2025. This generous yield reflects the bank's commitment to shareholder returns, despite facing various headwinds. Lloyds posted substantial profits of £2.4 billion in the first half of 2024. However, this figure represents a 15% year-over-year (YoY) decline, hinting at the challenges the bank faces in maintaining its profitability in the current economic climate. The bank's performance is closely tied to the broader UK economy, making it an important barometer for investors looking to gauge the health of the nation's financial sector. As such, understanding Lloyds’ outlook is crucial for both existing shareholders and potential investors. Positive factors supporting Lloyds' outlook Firstly, Lloyds operates in a market with persistent high demand for essential financial services, particularly mortgages. As the UK's largest mortgage lender, the bank is well-positioned to capitalise on the nation's ongoing housing needs, providing a stable revenue stream. Secondly, Lloyds enjoys significant economies of scale, allowing it to operate more efficiently than smaller competitors. This cost advantage is particularly valuable in a challenging economic environment where margins may be under pressure. Thirdly, the bank boasts a vast customer base and a portfolio of well-known brands, including Halifax and Bank of Scotland. This strong market presence provides Lloyds with a solid foundation for customer retention and cross-selling opportunities. Lastly, Lloyds’ substantial profits, despite recent declines, demonstrate its ability to generate significant returns even in difficult conditions. This financial strength provides a buffer against potential economic shocks and supports the bank's ability to maintain its attractive dividend yield. What are the challenges facing Lloyds' share price rally? Despite its strong fundamentals, Lloyds faces several significant challenges that could affect its performance in 2024 and beyond. Investors should carefully consider these factors when assessing the bank's outlook. The primary concern is the changing interest rate environment. Recent rate cuts by the Bank of England (BoE) are likely to put pressure on Lloyds' net interest margins (NIM). As NIMs are a key driver of profitability for traditional banks, this could negatively impact Lloyds’ earnings in the coming periods. Economic uncertainty presents another major challenge. The UK's unemployment rate has risen to 4.4%, raising concerns about potential increases in loan defaults and repossessions. This situation may require Lloyds to increase its provisions for bad debts, further eroding its income. Regulatory and legal risks also loom large. Lloyds faces potential litigation costs from an ongoing car finance probe, which could result in significant financial penalties and reputational damage. Such regulatory actions can have long-lasting impacts on a bank's operations and profitability. Finally, it's important to remember the cyclical nature of the banking sector. Banks are particularly sensitive to economic cycles, and any downturn in the UK economy could have a disproportionate impact on Lloyds' performance. Lloyds' share price: analyst sentiment and trading activity The current analyst consensus on Lloyds is a cautious "Hold" based on 10 ratings, with 3 Buy, 6 Hold, and 1 Sell recommendation. This mixed sentiment reflects the balanced view of Lloyds' strengths and challenges. The stock has been assigned a "Neutral" Smart Score of 6 out of 10, indicating that it's expected to perform in line with the overall market. This score takes into account various factors including analyst recommendations, corporate insider transactions, and technical indicators. Interestingly, trading activity shows some divergence between long-term positioning and short-term sentiment. While 86% of open positions are long, suggesting overall optimism about Lloyds' prospects, recent trading activity has been predominantly bearish. In the last hour, 75% of trades were sells, with 68% sells over the past week. This contrast between long-term holdings and short-term trading activity could indicate that while investors believe in Lloyds' long-term value, they are cautious about its near-term performance given the current economic headwinds. Lloyds share price: technical analysis Lloyds’ chart reveals a predominantly bullish trend from 2020 into 2024. The price has shown significant appreciation, currently trading near its highest levels at around 59.31p. This upward momentum is further confirmed by the price consistently staying above both the 50-day and 100-day moving averages, with the shorter-term average positioned above the longer-term one. The overall price action suggests strong buyer interest and sustained upward pressure. Looking at momentum indicators, the moving average convergence/divergen From a support and resistance perspective, the current price level around 59.31p appears to be encountering some resistance, as evidenced by recent price consolidation. Previous resistance levels, notably around the 50.00p mark, seem to have transformed into support levels, reinforcing the bullish structure of the market. The most recent price action shows a brief pullback followed by renewed buying interest, illustrated by a prominent green candle. While the overall trend remains bullish, traders should be mindful of potential resistance at current levels and stay alert for any signs of trend reversal or significant divergences in technical indicators. Lloyds share price: the outlook for Q4 2024 and beyond Looking ahead to 2024, Lloyds presents a mixed picture for investors. While the bank's strong market position, attractive dividend yield, and proven ability to generate profits are positive factors, it faces significant headwinds that could impact its performance. The key to Lloyds' performance in 2024 will likely be its ability to navigate the challenging interest rate environment while managing the potential increase in bad debts due to rising unemployment. The bank's success in maintaining its net interest margins and controlling costs will be crucial. Investors should closely monitor economic indicators, particularly unemployment rates and housing market trends. These factors will have a substantial impact on Lloyds' loan book quality and overall performance. Additionally, any developments in the ongoing car finance probe could significantly affect the bank's financial outlook. |
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