Lloyds Banking Share Discussion Threads

[jl5006] 15/8/2024 18:04

It was just a thought - in Reeve's eye - that the wasteful CS the diversity mad Local Authorities - the overpaid train drivers - will get a big bonus - say 20 Billion hole - just blame Sunk.
Never think - reeves - that wasters deserve greater reward than honest joes - who talked u into that.

Never mind it will be soon upon us - we like to make warlike noises and let a luni use our weapons to shoot Russians. - poxy nothing nation armswise - FGS.
If we cant fill the holes in the road y are we giving arms to a man who is a traitor to the Minsk agreement?

[hardup1] 15/8/2024 18:02

No change from the update for 120 trading days.

After 121 trading days, buyback complete to date:
Total shares to date........................2,358,559,716
Aggregate cost to date... ..................£1,252,236,951.87
Average price paid to date..................53.0933p
Percentage of £2 billion buyback completed..62.61%

[daddy warbucks] 15/8/2024 17:28

One way change could be done maybe?ISA's could be amended to only allows certain amount of transactions in one year. Say four a month as an example.This could stop traders using Isa's as a tax free way to avoid paying income tax on large gains. It could also calm market volatility.Any higher amount of trades and the isa loses its tax free wrapper.

[freddie01] 15/8/2024 17:01

Lloyds and Barclays share prices have risen in 2024: more upside?


Barclays shares have soared by over 44% this year.
Lloyds Bank's stock has risen by 25% in 2024.
The two companies are cutting costs and boosting shareholder returns.
Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month’s low of 196.30p. It has risen by over 44% this year, making it one of the best banking stocks globally.

Similarly, Lloyds Bank has jumped by over 24% this year and is hovering near its highest point since 2020. Its surge has brought its total market cap to over $44 billion.

The UK economy is doing well
The British economy is doing well if the recent macro numbers are to go by. On Wednesday, a report by the Office of National Statistics (ONS) showed that the country’s inflation rose slightly in July.

The headline Consumer Price Index (CPI) rose from 2.0% in June to 2.2% in July. On the positive side, the headline CPI retreated by 0.2% on a month-on-month basis while the core CPI dropped to 0.1% and 3.3%, respectively.

Another report released on Tuesday showed that the unemployment rate dropped to 4.2% in June while the average earnings dropped from 5.8% to 5.4%, higher than the expected 4.6%.

Banks like Lloyds and Barclays are highly exposed to the British economy. Lloyds, in particular, is more exposed because it serves over 26 million customers and has no business outside the country.

Barclays has a huge presence in the UK as well. Just recently, it spent millions of pounds buying Tesco Bank, a large company that was previously owned by Tesco, the retail giant. It also acquired Kensington Mortgages in 2023.

Why Lloyds and Barclays are doing well
The two banks have done well this year for various reasons. Lloyds’ share price has jumped because of its strategy to cut costs. Some of the measures it is taking is to close branches as more people embrace online banking and layoffs. Earlier this year, it announced that it would lay off over 1,600 workers.

Lloyds has also committed to reducing its capital reserves, and is targeting a CET1 ratio of 13% by 2026. It is using these funds to reward its shareholders through dividends and share buybacks. Earlier this year, the company started repurchasing stocks worth about £2 billion.

In its most recent results, Lloyds Bank said that its net interest income for the first half of the year came in at £6 billion while the other income jumped by 59% to £12 billion. In total, its profit for the year dropped by 15% to £2.4 billion.

Like Lloyds, Barclays Bank is doing well for several reasons. First, its recent financial results were better than expected. Its second-quarter income stood at £6.3 billion, bringing its first-half of the year income to £13.3 billion. Its profit before tax was £1.9 billion and £4.2 billion, respectively.

Also, the company is returning excess capital to investors. It returned £1.2 billion to investors in the first half. Most of these funds were through dividends (£750 million) while the rest were through dividends.

Second, the company’s troubled investment banking division has started to bounce back. Its revenue rose by 10%, helped by the global markets and higher fees. This division was offset by a drop in its Fixed Income Commodity and Currency (FICC business.

Barclays is set to benefit when rates start falling because of the expected increase in M&A activity in Europe and the US.

Third, Barclays is also cutting costs by closing branches and laying off workers. The bank slashed about 5,000 workers in 2023 and has continued doing that this year. Just recently, it fired 100 dealmaking jobs in its investment bank.

Altogether, Barclays and Lloyds are good banks with strong dividends. Barclays has a dividend yield of about 3.7% while Lloyds yields about 5.07%.

The daily chart reveals that the LLOY share price has been in a strong bull run as it jumped from 37.40p in November last year to a high of 60.65p in July. It recently made a strong bearish breakout as most assets crashed because of the unwinding of the Japanese yen carry trade.

It has now bounced back in line with other companies and moved above the 50-day and 100-day moving averages. The risk, however, is that the stock remains below the lower side of the rising wedge pattern. In most cases, this pattern leads to a major bearish breakout.

Therefore, there is a risk that the stock will resume the downtrend now that it has formed a break and retest pattern. The key point to watch will be at 55p.

Barclays stock price analysis

Meanwhile, the Barclays stock price peaked at 241.7p in August and then retreated to a low of 196.15p. Like Lloyds, it has bounced back and moved above the 50-day and 100-day moving averages while the Relative Strength Index (RSI) has tilted upwards.

Therefore, while there are risks in the market, there is a likelihood that the stock could retest the year-to-date high of 241.7p. What is clear, however, is that there could be more volatility in the coming weeks.

[mw16] 15/8/2024 16:52

"An average investor could make 30k per year pushing some money around"And you are on this board everyday posting nonsense like this instead of enjoying your huge wealth.!

[careful] 15/8/2024 16:42

System is all wrong.

Someone could be doing useful work and earning modest £30k per year.

In our system an average investor can make £30k per year just by pushing money around and doing nothing.
He would only need about £300k. Capital earns more than people.
They own a house and it doubles in value to give tax free wealth.
For doing nothing productive, just living there.

Lots of people with high net worth falsely claim that they have worked hard for it. Many have done nothing ever of any social use. Gamed the system.
Then high earners avoid paying tax by hiding much of their income in tax free pension contributions building up no limit cash piles of millions.

We need some brave radical change, free market capitalism is failing. Too many lazy rich people accumulating wealth for doing nothing useful. We need to get back a productive working class.


Starmer, Angela and Racheal are on the case, things are about to change.

[leopold ii] 15/8/2024 16:36

Imagine knowing you are going to an area of outbreak and still travelling

Should bring back the death penalty under a new 'dim' legislstion

[leopold ii] 15/8/2024 16:31

Oh great. This fkr probably find a way to mutate with covid as a carrier

See how much we learned from covid now in national action

[leopold ii] 15/8/2024 15:48

Alas I'm not one of the self declared 15000 advfn billionaires 😂

I need ro be right or wrong at an x level and that's it in risk terms

Can't get caught up in a long term plan such as above in cash terms

[leopold ii] 15/8/2024 15:44

If I had the money for that, I'd be doing it on loyds now
Obviously it isn't going to go into admin in any crash

So a great opportunity if able to do it

And if no crash, well, same plan built for average up

[leopold ii] 15/8/2024 15:42

It's pretty easy to map out those long term levels of city interest, place orders in the middle of them and not give 2 hoots for a few years

But for most its simply not viable

[leopold ii] 15/8/2024 15:36

Anyway lets see

In terms of now to 2025 , I see all as way to expensive. Some of you see current value

Time will resolve all

I'm sure some of you don't care about prices over a year or 2 and will just average down rather than up, if need be, at fund levels of interest . Fair enough.

That kinda requires a version of long term cash reserves at a retail level, akin to funds. Nice if have

[leopold ii] 15/8/2024 15:34

Add to that the geo risks and money market risks , everything is still about 80% too expensive for them 😂

[leopold ii] 15/8/2024 15:33

So in essence, good data is no good to the central bank or the city

So thats no good to ua really

[leopold ii] 15/8/2024 15:31

And tbf, soft landing ia no good for long term investors.

More importantly, no good to funds

With risk free markets now becoming a null re normal rates and no future qe the intention , funds simply wont buy until all markete reset to proper values they can buy to hold

[leopold ii] 15/8/2024 15:29

Fed cant accept a soft landing. That assures rates stay as are or possibly go up

Soft landing wont reset markets as required to no QE and so on

[kkclimber56] 15/8/2024 15:27

US new jobless ckaims better than expected. Suggests soft landing for US economy

[leopold ii] 15/8/2024 15:27

Is there anything on calendar that can help banks try break sell range tomorrow? If not, il call 100% reds

[leopold ii] 15/8/2024 15:17

You could almost call it now. Banks red tomorrow. Possibly deeply but that depends on other things so, red anyway

[leopold ii] 15/8/2024 15:13

I think due to this and if remains so post 1625, get many selling out given possible geo ahead as well

[leopold ii] 15/8/2024 15:11

To be more clear, when you hit an adjustment range and next news doesn't go straight through it, its at least still no buy/rebuy minimum

Data must create an entity event of note as well

In a way it has. It didn't lift price required re through zone

[leopold ii] 15/8/2024 15:08

That's the only time I find data relevant re when a price breaks that it couldn't break on way to data

If you ask me, that makes them more bearish