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LLOY Lloyds Banking Group Plc

60.66
0.02 (0.03%)
26 Jul 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
  0.02 0.03% 60.66 141,047,083 16:35:08
Bid Price Offer Price High Price Low Price Open Price
60.36 60.38 60.52 59.54 59.82
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 7.03 38.55B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:57:44 O 118,520 64.67 GBX

Lloyds Banking (LLOY) Latest News (3)

Lloyds Banking (LLOY) Discussions and Chat

Lloyds Banking Forums and Chat

Date Time Title Posts
26/7/202421:38Black Beauty: A Recovering Quadruped396,013
26/7/202420:08Lloyds Bank (MODERATED)2,233
26/7/202418:41Lloyds Bank (LLOY) 'On Topic only' - Thread32,368
25/7/202416:06LLoyds8
14/6/202423:34Black Beauty: A Recovering Quadrupled498

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Lloyds Banking (LLOY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 17:57:4664.67118,52076,646.88O
2024-07-26 15:37:5460.6636,74722,290.73AT
2024-07-26 15:37:5460.661,226743.69AT
2024-07-26 15:36:1560.342816.90O
2024-07-26 15:35:2260.2815694.04O

Lloyds Banking (LLOY) Top Chat Posts

Top Posts
Posted at 26/7/2024 20:08 by adrian noble
Lloyds hikes dividend but profits slump as mortgages struggle and savers seek better rates


Lloyds intends to pay shareholders a 1.06p per share interim dividend


The company revealed its first-half profits declined by 14% to £3.3bn


Lloyds Banking Group has upped its dividend despite reporting a significant fall in first-half profits, amid greater mortgage market competition.

Lloyds posted a 14 per cent slump in pre-tax profit to £3.3billion for the six months ending June, due to rising operating costs and peak interest rates. However, this beat analyst forecasts of around £3.2billion.

Like many other banking giants, Lloyds enjoyed bumper results in 2022 and 2023 as the Bank of England hiked the UK base rate on 14 successive occasions in response to soaring inflation, enabling it to raise mortgage costs faster than it paid out more to savers.

However, a struggling mortgage market and pressure to provide more generous savings interest has hit bank profits.

The lender intends to pay investors a 1.06 pence per share interim dividend, which is equivalent to £662million and a 15 per cent jump on the previous year.

Underlying net interest income slipped by 10 per cent to £6.3billion as its net interest margin - the difference between what banks pay savers and receive in loans - dipped by 24 basis points to 2.94 per cent.

While Lloyds' mortgage book has marginally grown to £306.9billion this year, the company noted on Thursday that homebuyers were refinancing in a lower-margin environment.

Customer deposits have increased since last December by £3.3billion to £474.7billion, with an expansion in retail deposits offsetting a drop in commercial banking deposits.

Charlie Nunn, chief executive of Lloyds, said the group 'delivered robust financial results with solid income performance and cost discipline alongside strong capital generation'.

Following the result, Lloyds upheld its annual guidance.

It expects to achieve a banking net interest margin exceeding 290 basis points and have operating expenses of approximately £9.4billion.


It also said it was confident of earning about £700million of additional revenues from strategic initiatives and delivering around £1.2billion in cost savings.

Richard Hunter, head of markets at Interactive Investor, said: 'With a resilient performance amid a higher interest rate environment and with some promising signs of growth, Lloyds has provided a timely reminder as to why it is often seen as a barometer for the wider UK economy.

'An improvement in the second quarter bodes well for the remainder of the year, with the additional possibility that the trough has been reached with regard to the crucial metric of net interest margin.'

Lloyds Banking Group shares were up 0.34 per cent to 59.86p this afternoon, but they have still expanded by around 22 per cent so far this year.
Posted at 26/7/2024 07:45 by freddie01
Lloyds hikes dividend but profits slump as mortgages struggle and savers seek better rates


Lloyds intends to pay shareholders a 1.06p per share interim dividend


The company revealed its first-half profits declined by 14% to £3.3bn



Lloyds Banking Group has upped its dividend despite reporting a significant fall in first-half profits, amid greater mortgage market competition.

Lloyds posted a 14 per cent slump in pre-tax profit to £3.3billion for the six months ending June, due to rising operating costs and peak interest rates. However, this beat analyst forecasts of around £3.2billion.

Like many other banking giants, Lloyds enjoyed bumper results in 2022 and 2023 as the Bank of England hiked the UK base rate on 14 successive occasions in response to soaring inflation, enabling it to raise mortgage costs faster than it paid out more to savers.

However, a struggling mortgage market and pressure to provide more generous savings interest has hit bank profits.

The lender intends to pay investors a 1.06 pence per share interim dividend, which is equivalent to £662million and a 15 per cent jump on the previous year.

Underlying net interest income slipped by 10 per cent to £6.3billion as its net interest margin - the difference between what banks pay savers and receive in loans - dipped by 24 basis points to 2.94 per cent.

While Lloyds' mortgage book has marginally grown to £306.9billion this year, the company noted on Thursday that homebuyers were refinancing in a lower-margin environment.

Customer deposits have increased since last December by £3.3billion to £474.7billion, with an expansion in retail deposits offsetting a drop in commercial banking deposits.

Charlie Nunn, chief executive of Lloyds, said the group 'delivered robust financial results with solid income performance and cost discipline alongside strong capital generation'.

Following the result, Lloyds upheld its annual guidance.

It expects to achieve a banking net interest margin exceeding 290 basis points and have operating expenses of approximately £9.4billion.


It also said it was confident of earning about £700million of additional revenues from strategic initiatives and delivering around £1.2billion in cost savings.

Richard Hunter, head of markets at Interactive Investor, said: 'With a resilient performance amid a higher interest rate environment and with some promising signs of growth, Lloyds has provided a timely reminder as to why it is often seen as a barometer for the wider UK economy.

'An improvement in the second quarter bodes well for the remainder of the year, with the additional possibility that the trough has been reached with regard to the crucial metric of net interest margin.'

Lloyds Banking Group shares were up 0.34 per cent to 59.86p this afternoon, but they have still expanded by around 22 per cent so far this year.
Posted at 24/7/2024 08:12 by freddie01
​​​;​​̴3;​Lloyds and NatWest share prices at nine-year highs ahead of Q1 results​​;​​̴3;​​


Major UK lenders Lloyds and NatWest are forecasting lower profits as high interest rates start to come down and competition heats up in the mortgage market.


​​​;Top UK banks are poised to report lower profits as the initial benefits of higher mortgage rates begin to fade. This shift reflects a changing financial landscape as banks navigate evolving market conditions and consumer behaviour.

​Despite elevated borrowing costs continuing to affect UK households, the banking sector is experiencing a transition period that affects their financial performance.

​Lloyds and NatWest to report figures
Lloyds Banking Group, the UK's largest mortgage lender, is expected to report a pre-tax profit of £3.2 billion for the first half of the year, marking a significant 20% decline from the £3.9 billion profit reported in the same period last year. This retreat from the highs of 2023 is due to intensified competition in the mortgage and savings markets.

NatWest is projected to report an operating pre-tax profit of £2.6 billion for the six months to June. This figure represents a substantial drop from the £3.6 billion recorded in the same period last year. Despite this decline, NatWest had previously observed an improvement in consumer confidence and reported an increase in both savings and current account balances since the end of 2023.

​Market trends and consumer behaviour
​The UK banking sector is currently experiencing several notable trends. Elevated borrowing costs continue to affect UK households, potentially leading to subdued lending levels as potential buyers await lower borrowing costs. UK interest rates have remained steady at 5.25% since August 2023, contributing to this cautious market environment.

​Interestingly, the trend of increased savings that was prominent in the previous year may be slowing down. Fewer people are transferring money into long-term savings accounts, following a surge in such transfers last year. This shift in consumer behaviour adds another layer of complexity to the evolving financial landscape that UK banks must navigate.

​Lloyds share price – technical analysis
​The price recently hit the 59p level, last seen in June 2015. The ascent over the past six months has been rapid, and may well be due for some short-term weakness.

​For the moment, however, the price is holding steady above the rising 50-day simple moving average (SMA), currently 56.19p. Weakness in June was met by buying at the 50-day SMA, so this may continue to provide support even in the event of a trendline break.

NatWest share price – technical analysis
​It has been a similarly impressive run for NatWest, which surpassed the 2023 highs in early May and has since gone on to fresh nine-year highs.

​As with Lloyds, dips have been short-lived and quickly bought, with the price holding above the 50-day SMA throughout June and into July.

​Short-term weakness might see the price test rising trendline support from mid-June, or the early 2023 highs at 313p. A close above the 2015 high at 344p would mark a long-term breakout and potentially provide more bullish momentum.
Posted at 16/7/2024 14:17 by hardup1
I have had some email correspondence with Douglas Radcliffe at Investor Relations today asking for information as to why no shares have been bought back since 3rd July. The reply I got seems to allude with the information in my posts numbers 30525 and 30526 I made on 11th July. I have copied his reply below.

"Further to your recent e-mail, and as you are no doubt aware, we have an up to £2bn share buy-back programme in place of which nearly £1bn has been completed to date so far this year.

The share buyback programme works by reducing the total number of shares in issue, meaning that shareholders will benefit from a greater share in the organisation’s distributions in the future. All else equal, this would also be expected to support the share price.

To your specific question the buyback has not been terminated and is still in force. The Buyback is always structured to endeavour to optimise the price shares are purchased at over the period it is in place (to be completed by the end of the year). Clearly from a company perspective the lower the share price the shares are bought at the more beneficial it is for both the company and remaining shareholders but clearly estimating when the share price is optimal is difficult. We therefore aim to have the programme in place for a number of months to ensure opportunities can be maximised and support is available if needed and whilst taking into consideration the volume weighted average price over the period. That is why you often see lower volumes at time of share price strength. This is exactly what has happened over the last few days. Given the strength of the share price the purchase levels have reduced.

I hope that is helpful.

Best regards,

Douglas."
Posted at 11/7/2024 18:25 by hardup1
I made a post number 21002 on the 29th July 2022 which I have copied below.

hardup1 - 29 Jul 2022 - 12:36:09 - 21002 of 30526

I sent an email to Lloyds Investor Relations this morning, I said that I had noticed that MS had suddenly appeared to have taken the foot of the pedal in 6 of the last 8 trading days of the share buyback with very little volumes being bought for the buyback. I asked if they had given any specific guidance or criteria to MS as to when they should or should not buy shares for the programme, and asked if they could explain the thought process for when to buy or not buy shares during the buyback programme. I have copied the reply I got below, very interesting, all based on algorithms.

"The algorithms that manage the share buyback programme look at a lot of variables, but market volumes and the rolling average share price are the main ones.

The main reason that trading volumes in the last few days have been lower than normal is that the share price is trading above the average of recent periods. We have a share price tracker on the external website and you can run charts to see the performance over the last day, month, year etc. If you look over the last month, below, you can see that the share price since 19 July (the start of your trend below) has been well ahead of the preceding few weeks. In this case, the algorithm will step back from trading.

Clearly if the share price continues to rise, the weighted average price will go up, and then the algorithm will start trading more heavily again.

I should note that when we announced the buyback programmes, the stated intention was to complete by 31 December and we are ahead of target for this point in the year.

I hope that is helpful.

Regards,"
Posted at 11/7/2024 17:51 by hardup1
The last 6 trading days (including today) there have been no shares purchased for the buyback. I have not posted updates on the buyback on days where there have been none bought because the figures have not changed. The last day that shares were bought back was the 3rd July. The buyback is run by an algorithm which has some parameters dictated by Lloyds. One of these is that if the share price on any day is more than a defined percentage above the Moving Average price of a set number of preceding days then the algorithm will step back from trading. The last day shares were purchased was the 3rd July, which was the day before the election. There was a large jump in share price on the 4th July onwards which appears has taken the share price above the set level above the Moving Average price resulting in the algorithm stepping back from trading. The algorithm will start trading again if either the share price falls sufficiently to take it below the defined limit above the Moving Average price, or, if the share price does not fall, then the algorithm will start buying again when the Moving Average price catches up with the current share price Once the buybacks start again I will resume posting the buyback updates.
Posted at 28/6/2024 14:40 by scruff1
Well if it was the payments system that was the problem then its fixed now so no doubt the LLoy share price will be back above 56p in a jiffy :-)
Posted at 19/6/2024 12:16 by jordaggy
Lloyds (LON: LON:LLOY) share price has pulled back in the past few weeks as the focus shifts to the upcoming Bank of England (BoE) decision. After peaking at 57.36p in May, the stock has crashed by over 4% from its highest point this year.
Bank of England’s decision
Lloyds Bank and other British banks have retreated recently as investors wait for Thursday’s Bank of England decision.
Economists expect the bank to leave interest rates unchanged at 5.25% even after the encouraging UK inflation data. According to the Office of National Statistics (ONS), the headline Consumer Price Index (CPI) dropped from 2.3% in April to 2.0% in May.
Core inflation, on the other hand, dropped from 3.9% in April to 3.5% in May. Therefore, analysts expect that the bank will wait for the upcoming election before starting to cut interest rates.
Lloyds is also reacting to the upcoming election that will usher a new era in the UK economy after over a decade of conservatives in power. Some analysts believe that the election could expose the UK economy to a bond sell-off.
There are still reasons to invest in Lloyds Bank even as these risks remain. First, the bank has a dividend yield of 5.02%, which is higher than most companies in the FTSE 100 index. This means that a £100,000 investment will generate about £5,000 in annual dividend earnings.
Lloyds has been hiking dividends because of its strong earnings and its goal of reducing its capital reserves. It also has strong credit ratings with Standard & Poors, Moody’s, and Fitch’s long-term bonds having a rating of BBB+, A3, and A.


Second, the company is still highly undervalued. It has a price-to-book (P/B) ratio of 0.715, which is lower than Unicredit’s 0.825 and HSBC’s 0.82. The P/B ratio is also lower than other banks like JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS).
Third, Lloyds Bank has some positive outlook from analysts. Analysts at Deutsche Bank (ETR:DBKGn) believe that the company has more upside. The average Lloyds share price forecast by analysts is 60.7p, higher than the present 55p.

The daily chart shows that the LLOY stock price has pulled back in the past few weeks. It has dropped from the year-to-date high of 57.36 to the current 55p. The stock has remained above the 23.6% Fibonacci Retracement point and the 50-day and 100-day moving averages.
Most importantly, the stock has formed a bullish flag pattern, a popular positive sign. The accumulation/distribution indicator has also drifted upwards. Therefore, the stock will likely have a bullish breakout as buyers target the year-to-date high 57.35p, which is about 4.1% above the current level
Posted at 19/6/2024 11:18 by jordaggy
Lloyds (LON: LON:LLOY) share price has pulled back in the past few weeks as the focus shifts to the upcoming Bank of England (BoE) decision. After peaking at 57.36p in May, the stock has crashed by over 4% from its highest point this year.
Bank of England’s decision
Lloyds Bank and other British banks have retreated recently as investors wait for Thursday’s Bank of England decision.
Economists expect the bank to leave interest rates unchanged at 5.25% even after the encouraging UK inflation data. According to the Office of National Statistics (ONS), the headline Consumer Price Index (CPI) dropped from 2.3% in April to 2.0% in May.
Core inflation, on the other hand, dropped from 3.9% in April to 3.5% in May. Therefore, analysts expect that the bank will wait for the upcoming election before starting to cut interest rates.
Lloyds is also reacting to the upcoming election that will usher a new era in the UK economy after over a decade of conservatives in power. Some analysts believe that the election could expose the UK economy to a bond sell-off.
There are still reasons to invest in Lloyds Bank even as these risks remain. First, the bank has a dividend yield of 5.02%, which is higher than most companies in the FTSE 100 index. This means that a £100,000 investment will generate about £5,000 in annual dividend earnings.
Lloyds has been hiking dividends because of its strong earnings and its goal of reducing its capital reserves. It also has strong credit ratings with Standard & Poors, Moody’s, and Fitch’s long-term bonds having a rating of BBB+, A3, and A.


Second, the company is still highly undervalued. It has a price-to-book (P/B) ratio of 0.715, which is lower than Unicredit’s 0.825 and HSBC’s 0.82. The P/B ratio is also lower than other banks like JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS).
Third, Lloyds Bank has some positive outlook from analysts. Analysts at Deutsche Bank (ETR:DBKGn) believe that the company has more upside. The average Lloyds share price forecast by analysts is 60.7p, higher than the present 55p.

The daily chart shows that the LLOY stock price has pulled back in the past few weeks. It has dropped from the year-to-date high of 57.36 to the current 55p. The stock has remained above the 23.6% Fibonacci Retracement point and the 50-day and 100-day moving averages.
Most importantly, the stock has formed a bullish flag pattern, a popular positive sign. The accumulation/distribution indicator has also drifted upwards. Therefore, the stock will likely have a bullish breakout as buyers target the year-to-date high 57.35p, which is about 4.1% above the current level.
Posted at 13/6/2024 16:05 by institutional investments
Nothing containing LLOY share price i'm afraid. A brexit bank
Lloyds Banking share price data is direct from the London Stock Exchange

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