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LLOY Lloyds Banking Group Plc

0.625 (1.34%)
Last Updated: 13:36:24
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
  0.625 1.34% 47.20 122,786,350 13:36:24
Bid Price Offer Price High Price Low Price Open Price
47.195 47.22 47.505 46.545 46.575
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 18.2B 5.46B 0.0824 5.73 31.29B
Last Trade Time Trade Type Trade Size Trade Price Currency
13:36:27 O 1,000,000 47.21 GBX

Lloyds Banking (LLOY) Latest News (2)

Lloyds Banking (LLOY) Discussions and Chat

Lloyds Banking (LLOY) Most Recent Trades

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Lloyds Banking (LLOY) Top Chat Posts

Top Posts
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 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
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 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 06/2/2024 08:45 by freddie01
Lloyds and HSBC to impress with shareholder returns at earnings season - analyst

Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are expected to lead the sector with strong buybacks and signals for more special shareholder distributions when banks report in the coming weeks.

Reporting for the sector season starts with NatWest Group PLC (LSE:NWG) next Friday, 16 February, then continues the week after with Barclays PLC on Tuesday, HSBC on Wednesday, Lloyds on Thursday and Standard Chartered PLC (LSE:STAN) is the last of the blue-chip lenders on Friday 23.

A softer finish to 2023 has generally been well-flagged, said Barclays research analyst Aman Rakkar in a sector preview, and subdued guidance for 2024 should be expected.

Rising deposit costs and weak mortgage margins are set to drive the Q4 declines in net interest margin – the difference between interest charged for lending and paid on borrowing – while uncertainty around rate cuts is the big challenge to issuing margin guidance, "which may drive conservatism".

However, the operating backdrop is improving, said Rakkar, seeing medium-term guidance as "perhaps more instructive" and expecting fading headwinds to help contribute to driving a recovery in earnings into 2025 and beyond.

But most of UK banks, "except NatWest", are expected to announce open-market share buybacks alongside results.

This includes £2 billion at Lloyds, even though the analysts acknowledge the "new uncertainty" raised by the FCA's review of motor finance

There is also scope for HSBC to signal for further special distributions, given the confirmed closure of sale of its Canada business, Rakkar said, but cutting his share price target to 800p from 900p.

Despite not being included in the buybacks gang, NatWest is the top pick for the sector as the analyst expects "the faster rebound in earnings and see the valuation compelling" at less than five times 2025 forecast earnings compared to 6.2 times for the European sector average.

StanChart is the bank about which Rakkar is most cautious, expecting lower 2025 earnings than other City analysts and a reveal in return momentum, and cutting his price target to 650p from 850p.

Lloyds, NatWest and HSBC are all rated 'overweight' by the analyst and StanChart 'equal-weight'. Price targets for Lloyds and NatWest were uncnaged at 65p and 330p respectively.
Posted at 05/2/2024 21:33 by diku
worst performing FTSE100 company???..what are the masters of the BOD doing?...they need to dispose assets to return shareholder value...instead they cotton onto it with endless cost cutting tweak here and there...that is how they serve their tenure...

freddie015 Feb '24 - 19:12 - 27453 of 27455
0 0 0
Here’s why the Lloyds share price is being shredded

Lloyds Bank (LON: LLOY) share price continued its sell-off on Monday as it became the worst-performing FTSE 100 company. The shares plunged to a low of 41.07p on Monday, its lowest point since November as concerns about its business escalated. They have crashed by over 13% from their highest point this year.
Posted at 05/2/2024 19:12 by freddie01
Here’s why the Lloyds share price is being shredded

Lloyds Bank (LON: LLOY) share price continued its sell-off on Monday as it became the worst-performing FTSE 100 company. The shares plunged to a low of 41.07p on Monday, its lowest point since November as concerns about its business escalated. They have crashed by over 13% from their highest point this year.
Posted at 26/1/2024 09:16 by hardup1
Lloyds share price was 47.7p before Martin Lewis spooked the market with claims Car Finance could be as big as PPI. Since then the MM's and City Wide Boys have been playing this like a fiddle with scare mongering on potential cost to Lloyds to take the share price down so they can get a lower entry point for them and their clients. Latest estimate from Jeffreys Analysts is up to £1.8B potential cost for Lloyds. How do they work that out? This should be taken with a pinch of salt in the same vein as analysts target prices for accurate have they been. But lets assume the total cost for Lloyds is £1.8B; that would take 2.83p of the share price, yet the share price has fallen as much as 6.3p when it was sub 42p?
Posted at 25/1/2024 16:50 by freddie01
Lloyds Bank still top of UK recomendation list for RBC

Lloyds Bank has come out on top of its Royal Bank of Canada (TSX:RY)’s rankings for the UK lender ahead of the upcoming annual results season in February.

Looking ahead, RBC points to several macro influences that will be key to how the shares perform over the rest of the year.

“Macro factors are often a significant driver of UK banks' share price performance," it says, and “ 2024 - with an inverted yield curve, central bank rate cuts and an election - is likely to be no different”.

RBC’s overriding message is even with these uncertainties UK banks “tend to do better than you expect!”

Among the large-cap banks, RBC’s order of preference is Lloyds, Barclays, Natwest and HSBC.

For the mid-caps, the ranking is One Savings first, followed by Paragon, Close Bros, Virgin Money and Metro.

RBC‘s comments were published on the day the heads of the big UK banks attended a summit with Chancellor Jeremy Hunt about how they can improve their stock market valuation.

Treasury ministers are worried that the relatively poor share price performance and low ratings are hampering the willingness and ability of the banks to lend and boost the economy.

Shares in Lloyds eased 0.4% to 43.2p while Barclays rose by 1% to 146.4p.
Posted at 24/1/2024 22:01 by xxxxxy
Next five years?What might the next five years hold for the Lloyds share price? Well, if a stock really is undervalued, it must gain ground eventually, mustn't it?But even if the Lloyds share price, at 43.5p at the time of writing, doesn't move, I still reckon that won't be a disaster.If the dividend keeps up, it looks like it could easily add at least another 15p in five years.So even with no price gains at all, that's 58.5p, or 34%. I've had far worse.And, I buy new shares with my dividends each year. So I then get extra dividends from the new shares, which I can then use to buy more new shares... and so on.Price gainsBut what might send the actual Lloyds share price higher?Earnings growth, for one thing. Forecasts suggest the financial sector should lead the FTSE 100 in earnings growth, by a big margin.For Lloyds, we could see something like a 25% rise in five years - I have to estimate here, as forecasts only go three years ahead.So if the price-to-earnings (P/E) valuation should stay the same, that could mean a Lloyds share price of 54.4p. Plus dividends..... Yahoo Finance
Lloyds Banking share price data is direct from the London Stock Exchange

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