Lloyds Banking Share Discussion Threads

[marktime1231] 17/4/2024 20:10

That forecast for Q1 next week is not great. Declining assets under management, rising costs, lower net interest margin, higher impairments etc. The modest improvements to tangible value per share and eps presumably because of the buyback. I wonder what happened to the boost because the pension scheme has swung to a surplus.

[utrickytrees] 17/4/2024 19:31

In light of the current pot hole crisis why are EV's road tax exempt when they weigh twice as much as regular vehicles and cause twice as much wear & tear to the road network?

[gotnorolex] 17/4/2024 18:50

Have you ever done anything positive?

[chachacha] 17/4/2024 18:19

I did not vote for 20mphI did not vote for smart metersI did not vote for electric carsI did not vote for LTNI did not vote for outlawing gas boilersI did not vote for banning cigarettesI did not vote for Tories last timeAnd I definitely will not vote for them next time.

[hardup1] 17/4/2024 18:18

After 37 trading days, buyback complete to date:
Total shares to date........................872,370,655
Aggregate cost to date... ..................£434,477,303.85
Average price paid to date..................49.8042
Percentage of £2 billion buyback completed..21.72%

[hardup1] 17/4/2024 17:49

Lloyds Banking Group Pre-Q1 Consensus.

[geckotheglorious] 17/4/2024 17:36

JL5006

Sunak/Hunt borrowed far more unfunded than what Truss/Kwarteng were proposing. The Market went apoplectic on the latter, didnt even bat an eyelid on the former.

Which tells you it was a stitch up and TPTB wanted Sunak/Hunt(Globalists following the message) that a vaguely Conservative style govt - which is what tax cutting Truss was proposing.

We need to slash spending - Welfare especially, and NHS which is out of control.
We also need to boost Defence spending to 5% of GDP because War is coming.

Those who do not share our values need to be deported, especially the foreign criminals, the bogus refugees, and the poncers of foreign ethnic origins.
We also need to get our own poncers into employ, whether that be apprenticeships or conscription.

National Debt is out of control and unsustainable. Too man y people are taking without having ever put anything into the pot.

[geckotheglorious] 17/4/2024 17:29

"UK bank sector results preview: Lloyds Bank, Barclays, NatWest and HSBC"

With high street lenders about to publish quarterly results, City writer Graeme Evans runs through what to expect from them and which ones the analysts like best.

Lloyds kicks off the first-quarter reporting season next Wednesday, followed by Barclays on Thursday 25 April and NatWest on Friday 26 April.

On Lloyds, a disappointing fourth-quarter update and uncertainty over the potential for motor finance remediation costs has failed to prevent the bank from raising its valuation from 53p a share to 58p ahead of next week’s results.

It said the prospect of a £2 billion share buyback and the lender’s 175 basis points capital generation target for 2024 points to confidence that overall risks are manageable.

[mr.elbee] 17/4/2024 17:00

not a question of guts marktime .. if the Bank lowers rates before the US the pound will tank and inflation...cost push imported inflation..will go through the roof.

[thekida] 17/4/2024 15:13

Bargain Bob

Spot on thats every punters wish

TK(:

[bargainbob] 17/4/2024 14:45

Sell out at top , buy back lower , is that not every investors aim

[utrickytrees] 17/4/2024 13:25

I'd have more respect for her if she'd stuck with prostitution, at least it's an honest profession.

[hardup1] 17/4/2024 13:19

diku.....so why would you prefer Lloyds to rise to 56p to 58p but then fall back to 45p later in the year?

[marktime1231] 17/4/2024 13:08

So yesterday we had a report saying the jobs market was weakening but the unemployment rate is still only a historically low 4.2%. Employment at around 30.3 million is still near the peak. The persistently high number of economically inactive long-term sick is a worry though. The BBC reporting a "jump" in unemployment then is mystifying. Pay rose at around 6%. It somewhat contradicts the BoE pointing to a rally in the economy, we are still in the landing phase of the soft-landing, we are not yet in recovery or anything like real growth. But we could have turned a corner. Or not.

Today we have an inflation update for March showing CPI down from 3.4% to 3.2% generally interpreted as a disappointment when people were hoping for 2.x, and yet we know there is a big step down coming in April thanks to falling energy prices. So the 2's are still on their way, at which point a base rate over 5% will look perverse.

The BBC feels it necessary to remind us that lower inflation does not mean lower prices, just that prices are rising more slowly. While insisting there is a cost-of-living crisis. (Last week the local foodbank was having to advertise and invite people to come along and help themselves because it couldn't shift the donatons and supermarket surplus it was receiving. Maybe an Easter holidays aberration but it does undermine the narrative that there is a crisis). Recently the BBC would warn us that pay rises of around 6% meant a cut in real terms when RPI was 11%. And yet the BBC doesn't feel it necessary to point out the benefit now wages are rising faster than inflation. Not to mention the boost from NI cuts.

I'm sure the BBC is technically impartial but you can understand the government's frustration when the national broadcaster seems to be running Britain down. Media whether broadcast or social seems dominated by moaning whingers. Not just on this bb. Ahem so back to LLOY.

All the data leads me to believe there are still a couple of interest rate cuts on their way this year, possibly starting as early as June if only the BoE had the guts to move without the US. Meanwhile LLOY will be cashing it. But do not be surprised if negative chatter works against LLOY, and the rest of the UK market.

[xxxxxy] 17/4/2024 12:28

Lloyds Bank warns customers after £1m lost to Taylor Swift ticket scamSurge in music fans falling victim to fraudsters ahead of artist's UK Eras TourTelegraph Reporters17 April 2024 • 6:01am..Daily Telegraph

[diku] 17/4/2024 12:19

Would prefer Lloy to 56 - 58p then down to 45p later in year...

[geordie21] 17/4/2024 12:18

Yes I did be on topic

[diku] 17/4/2024 12:07

Did you say something about Lloy?...

[geordie21] 17/4/2024 11:06

Shut up, this BB is about Lloyds, take your views of the world somewhere else