Lloyds Banking Share Discussion Threads

[diku] 14/3/2021 09:07

Post 334406...Surgery's turned into business models...

[stonedyou] 14/3/2021 09:06

Lloyds Banking Group delivers £9bn to social housing sector in just three years.


Bank of Scotland owner Lloyds Banking Group has delivered £9 billion to the UK’s social housing sector in three years.

Since 2018, the bank has provided £9bn of funding to the UK’s social housing sector, outstripping its original £2.25bn funding commitment by £6.75bn over this period due to strong sector demand and the Group’s appetite to support more social housing and ESG (Environmental, Social and Governance) projects.

The funding has been delivered by the Group’s Lloyds Bank, Bank of Scotland, Scottish Widows and Lloyds Bank Corporate Markets teams.

The funding has aided the creation of more, high-quality homes helping housing associations provide homes for those on the lowest incomes.

In the last three years, transactions have included £350m to Midlands-based Platform Housing Group to support one of the UK’s largest social housing development programmes and a £250m sustainability linked Bond for Aster Group, which owns and manages over 30,000 homes across the south of England.

[stonedyou] 14/3/2021 09:02

Lloyds Banking best option among UK banks post Covid-19, says broker.

Barclays has an ‘overweight’ rating on Lloyds, with a new CEO also possibly instigating strategic action to boost returns.


Lloyds Banking Group PLC (LON:LLOY) is still the best value of the UK banks but further progress for the sector overall hinges on post Covid-19 expectations, suggest Barclays.

Analysts at the bank have posed three questions for each of UK banks post-Covid-19 based on interest rate sensitivity; asset quality and earnings recovery.

On these three issues, Lloyds (share price target 46p) comes out best, suggests Barclays.

The questions it poses fo the Lloyds bosses are: Can net interest margins and operating income move up again; will there be any provision write-backs and if so potential capital hand-outs and will its tax rate rise after the Budget given that 15-20% of the business is non-banking.

Seemingly answering its own questions, Barclays has an ‘overweight’ rating on Lloyds, with a new CEO also possibly instigating strategic action to boost returns.

[scruff1] 14/3/2021 08:55

Joe
That the problem. All we really know about Reform is the name of their leader. They are not impressing at the moment. I couldnt pick Rice out in a crowd. That has to be a worry for them

[joe say] 14/3/2021 08:42

Pierre - there's the Reform party - you may not agree with all their aims but providing the core values align its a great way of 'sticking it to the man'

[sentimental rules] 14/3/2021 08:40

Osborne was a woke slag for caving in

[scruff1] 14/3/2021 08:38

Tricky
Got to agree with most of that. We are out of Europe but I'm still reserving judgement overall until I see how it goes. Don't like the green pandering of the Doris govt but its looking unavoidable. Also cant abide most of the cabinet cretins though Labour no doubt would be worse. Also worried about their wokery credentials and at the moment thats my greatest concern. The country and its institutions are getting changed beyond all recognition and with hardly any opposition. No point being out of the EU economically if we end up like them politically and socially
My hero of the week is Piers Morgan for telling the woke brigade to get stuffed when they ordered him to apologise. When they all do that we might start seeing a ground change.
Disappointment of the week was Sharon Osborne who took em on and then apologised when they ordered her too. No point talking tough if you are a wet lettuce under the facade

[pierre oreilly] 14/3/2021 08:32

Utrick, I'm afraid Boris and the Tories are well under the bus as far as I'm concerned. He's screwed it. He's let Marxists walk all over him. He's not the strong character I thouht he was. I like his eccentricity and oddball approach, but he's weak.I was considering starmer, by I now think he's too weak too, even though local and dragged himself up from a poor start in life.All revved up and nowhere to go!

[maxk] 14/3/2021 08:13

scruff.

Words come from an old protest song. True enough tho.

[nick100] 14/3/2021 08:01

Lloyds Banking Group
Lloyds Banking best option among UK banks post Covid-19, says broker
Barclays has an ‘overweight217; rating on Lloyds, with a new CEO also possibly instigating strategic action to boost returns.

Lloyds Banking Group -
Will lower provisions spark cash hand-outs to shareholders?
Lloyds Banking Group PLC (LON:LLOY) is still the best value of the UK banks but further progress for the sector overall hinges on post Covid-19 expectations, suggest Barclays.

Analysts at the bank have posed three questions for each of UK banks post-Covid-19 based on interest rate sensitivity; asset quality and earnings recovery.

On these three issues, Lloyds (share price target 46p) comes out best, suggests Barclays.

The questions it poses fo the Lloyds bosses are: Can net interest margins and operating income move up again; will there be any provision write-backs and if so potential capital hand-outs and will its tax rate rise after the Budget given that 15-20% of the business is non-banking.

Seemingly answering its own questions, Barclays has an ‘overweight217; rating on Lloyds, with a new CEO also possibly instigating strategic action to boost returns.

Elsewhere, Natwest Group (LON:NWG) is rated as 'neutral' (target 180p) with a trade-off between subdued earnings/returns and attractive medium-term capital return prospects.

HSBC PLC (LON:HSBA) is rated as 'underweight' (440p) as Barclays sees a challenging outlook near term for revenues and a rich valuation on ten times 2023 earnings.

Among the challenger banks, Virgin Money PLC (LON:VMUK 170p target) and One Savings Bank PLC (LON:OSB 500p) are rated ‘overweight217; while Metro Bank PLC (LONN:MTRO 130p) is ‘underweight’.

[pierre oreilly] 14/3/2021 07:53

In this case scruff, I sympathise with the police. Arrest and drag half of them to jail and they get criticised. Stand by and do nowt and they come in for criticism.I think this is the start of growing civil disobedience. We're going to see much more of it as the general public assess the covid risk far below prof pants down who ALWAYS sees far beyond the worst possible case.My personal view was that it was the wrong time for the police to get heavy, but I'm certain they probably didn't want to get heavy but were ordered to.I'd assess the covid risk in the protest was pretty much zero, both to themselves and their vaccinated grannies.Good to see Kate mingling freely with the crowds, paying her respect. Making a point that she is free to come and go, free to mingle if she doesn't shout 'look at me!' and demurely showing what royalty should be like.

[scruff1] 14/3/2021 07:31

Very subtle transposition that max. Was it intended

[maxk] 13/3/2021 23:01

The public wants what the public gets...

[scruff1] 13/3/2021 22:44

If the vote for the two main parties stands up then it proves that we get what we deserve

[chiefbrody] 13/3/2021 22:30

Lol Change were a bunch of career MP's moving before they were pushed.Reform have a new leader (and co leader). Let's see what minor indent they can make at the local elections.....Be very, very disappointing if the vote for the 2 main parties stands up well.

[stonedyou] 13/3/2021 22:20

Bank of England should not be made to go green, warns Mervyn King

The former Governor said pushing officials to go eco-friendly could be ‘a slippery slope’ and undermine the Bank's independence


By Catherine Neilan, Politics Live Editor and Tim Wallace

12 March 2021 • 6:00pm


Rishi Sunak’s move to give the Bank of England eco-friendly responsibilities risks undermining the institution’s independence, Lord King has warned.

The Bank could have to buy bonds of green companies while shunning fossil fuel firms, due to a new requirement from the Chancellor for it to consider the environment in its policy decisions.

The former Governor said the Government should be doing more on the climate instead of passing the buck to Threadneedle Street.

"I know climate change arouses passions, but that is no reason to embroil the Bank of England in what should be the responsibility of Government,” he said.

"Fiddling with the Bank of England's remit while at the same time taking no action on a carbon tax and freezing fuel duty again are gestures, not a coherent policy.

"More importantly, they are the first steps on the slippery slope to undermining the independence of the Bank - and we cannot afford to lose that."

The independence of the Bank is considered key to its credibility and that of monetary policy in the UK. The Government is currently borrowing heavily while the Bank is buying a large number of mostly-sovereign bonds as part of its quantitative easing programme. Without clear operational independence criticisms could grow that the Bank is simply creating money to finance the budget deficit.




The new goal, on top of its key target of keeping inflation at the 2pc target, gives the Bank a potentially “damaging” role in seeking to direct the flow of credit in the economy, Lord King said.

"When asset purchases commenced in 2009, a framework was established to ensure that the Bank did not become the arbiter of credit allocation among different sectors and different companies,” he said in the House of Lords.

"But the new remit requires the Bank to do just that - to, and I quote 'reflect the importance of environmental sustainability and the transition to net zero in its purchases of corporate bonds'.

"Some may argue that it is a harmless gesture - after all, given the inflation outlook it is far from obvious that there will be new asset purchases by the Bank. But what seems a harmless gesture today may prove damaging tomorrow.”

The Bank has sought to invest in a neutral manner, selecting bonds based on their riskiness and significance to the UK economy, rather than any other criteria.

The corporate bond programme is relatively small at £20bn compared to the much bigger scheme to buy £875bn of Government bonds in an effort to push down interest rates and stimulate the economy.


The Bank of England declined to comment on Lord King’s words.

When the remit was updated it said: “The Bank of England welcomes the MPC Remit published today, which clarifies that the economic strategy of the Government includes supporting the transition to a net zero emissions economy.

“In the coming months we will provide more information about our proposed approach to adjusting the Corporate Bond Purchase Scheme (CBPS) to account for the climate impact of the issuers of the bonds we hold, with a view to adapting our approach by the time of our next scheduled round of reinvestment operations in 2021 Q4.”

Earlier in the week Mr Sunak was asked what impact his new remit would have on the Bank’s policymaking.

“It is for the Bank of England to interpret the remit and I think they have said they will reflect on it and publish how they think it will allow them to do things differently, so it wouldn't be right for me to comment,” he said.

A Treasury spokesman said: “The UK is a global leader on tackling climate change which is why we’ve committed to reach net zero by 2050, end the sale of new petrol and diesel cars by 2030, and set out a Ten Point Plan help make the transition to a greener future.

“Building on this, the Chancellor updated the remits of both the Bank of England’s Monetary Policy Committee and Financial Policy Committee at the Budget last week to reflect the importance of environmental sustainability and transitioning towards net zero. This is part of an annual process and it is for the Bank to judge how it can support the Government’s green and other economic objectives while achieving its primary objective of price stability.”