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| 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
|
|
|---|---|---|---|---|---|
| 0.12 | 0.22% | 54.18 | 162,842,854 | 16:35:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 54.38 | 54.42 | 54.42 | 53.30 | 53.96 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 23.74B | 5.46B | 0.0859 | 6.34 | 34.59B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:39:34 | AT | 192,992 | 54.18 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/6/2024 | 17:50 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 13/6/2024 | 17:29 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 12/6/2024 | 17:47 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 12/6/2024 | 15:43 | UK RNS | Lloyds Banking Group PLC Director/PDMR Shareholding |
| 11/6/2024 | 18:11 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 10/6/2024 | 17:52 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 07/6/2024 | 17:40 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 06/6/2024 | 17:23 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 05/6/2024 | 17:27 | UK RNS | Lloyds Banking Group PLC Transaction in Own Shares |
| 05/6/2024 | 16:16 | UK RNS | Lloyds Bank PLC Publication of Suppl.Prospcts |
Lloyds Banking (LLOY) Share Charts1 Year Lloyds Banking Chart |
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1 Month Lloyds Banking Chart |
Intraday Lloyds Banking Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/6/2024 | 19:04 | Black Beauty: A Recovering Quadruped | 394,996 |
| 16/6/2024 | 18:53 | Lloyds Bank (LLOY) 'On Topic only' - Thread | 29,828 |
| 16/6/2024 | 18:49 | Lloyds Bank (MODERATED) | 2,156 |
| 14/6/2024 | 23:34 | Black Beauty: A Recovering Quadrupled | 498 |
| 19/5/2024 | 21:06 | Lloyds Bank PLC, chat and charts | 114 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/6/2024 09:20 by Lloyds Banking Daily Update Lloyds Banking Group Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker LLOY. The last closing price for Lloyds Banking was 54.06p.Lloyds Banking currently has 63,569,225,662 shares in issue. The market capitalisation of Lloyds Banking is £34,594,372,605. Lloyds Banking has a price to earnings ratio (PE ratio) of 6.34. This morning LLOY shares opened at 53.96p |
Posted at 13/6/2024 16:05 by institutional investments Nothing containing LLOY share price i'm afraid. A brexit bank |
Posted at 29/5/2024 13:27 by the_owl88 Enjoyed profits on Lloyds, taking profits to buy my 3 kids 900 shares each at Christmas @45p and selling last month effective sell price 55p as they needed the cash and keeps total p/a gifts tax free at c£3,000 pa! :-)Meanwhile using Lloy profits to similarly build (much smaller) position on SPCE - Virgin Galactic as fancied a bit more adventure. Lots of news coming up for adventurous investors including flight 8 June and big volumes plus Swiss National Bank purchase yesterday. I'm on purchase 4/10 in 0.80 - $1 range as well under valued plus large c 30% short interest, so like Lloyds imho if you have a 6 month - 2 yr investment horizon, and want higher daily swings. Great R/R. :-) Dyor and don't '...sell the farm...' Back to Lloy after Sept when dust clears. Meanwhile its holiday time - sell in May and all that :-) |
Posted at 25/5/2024 06:49 by freddie01 Lloyds Banking Group PLC: 2024 Performance and Future ProspectsLloyds Banking Group (LON:LLOY) PLC, a major player in the UK financial sector, has had an eventful 2024 filled with both opportunities and challenges. As one of the leading financial institutions, Lloyds has navigated the post-pandemic economic landscape while focusing on digital transformation and sustainable growth. This article provides an easy-to-understand analysis of Lloyds' performance in 2024 and what we might expect moving forward. 2024 Performance Highlights Lloyds' stock (LLOY) has been somewhat volatile this year, reflecting broader market trends and specific industry developments. As of May 2024, the stock has seen a year-to-date gain of around 5%, outperforming the FTSE 100 index, which has stayed relatively flat. This performance shows that investors have confidence in Lloyds' strategic moves and resilience in an unpredictable economic environment. Financial Performance and Strategic Initiatives Lloyds reported strong financial results for Q1 2024, with net income rising by 10% compared to last year. This increase was driven by higher net interest margins, benefiting from the Bank of England's interest rate hikes aimed at controlling inflation. Additionally, the bank's cost-cutting measures and digital initiatives have started to pay off. According to CEO Charlie Nunn, "Our focus on operational efficiency and digital innovation continues to enhance our competitive edge and deliver value to our shareholders." Digital Transformation and Sustainability A key part of Lloyds' strategy in 2024 has been its focus on digital transformation. The bank has invested heavily in upgrading its digital infrastructure to improve customer experience and operational efficiency. This includes the launch of a new mobile banking app and improvements to its online banking platform, which customers have welcomed. Lloyds has also committed to sustainability, aligning with global ESG (Environmental, Social, and Governance) standards. The bank has set ambitious targets to reduce its carbon footprint and has increased its green lending portfolio. These efforts have strengthened Lloyds' brand and attracted ESG-conscious investors. "Lloyds' proactive approach to sustainability sets it apart in the financial sector," notes an analyst from Barclays (LON:BARC). Market Sentiment and Analyst Opinions Market sentiment towards Lloyds remains cautiously optimistic. Analysts from JP Morgan have maintained a 'Buy' rating on the stock, citing the bank's strong capital position and growth prospects. "Lloyds' robust balance sheet and strategic focus on digital and green finance position it well for future growth," states JP Morgan's latest report. However, there are concerns about the broader economic environment. The potential for a UK recession, coupled with geopolitical tensions, could pose challenges for the banking sector. Nevertheless, Lloyds' diversified business model and prudent risk management practices are expected to help it navigate these risks. According to our AI supported ProTips, even if the company suffered from weak gross profit margins, analysts predict the company to be profitable this year and is trading at a low P/E ratio relative to near-term earnings growth, which suggests the stock might be undervalued, offering investors a potentially profitable buying opportunity. Future Outlook Looking ahead, Lloyds Banking Group is well-positioned to take advantage of emerging opportunities while facing potential challenges. The bank's commitment to digital innovation, sustainability, and operational efficiency is likely to drive long-term growth. Investors should keep an eye on key economic indicators and market trends, but the overall outlook for Lloyds remains positive. In conclusion, Lloyds Banking Group PLC has shown resilience and strategic foresight in 2024. With strong financial performance, a focus on digital transformation, and a commitment to sustainability, the bank is set for continued success. Investors can look forward to a promising future, keeping in mind the broader economic landscape. |
Posted at 18/5/2024 21:55 by davius Phoenix, I agree, if it were straightforward then every time a buyback were announced people would pile in. Same as the myth that whenever a share is heading towards ex-div day the share price rises.My point, if poorly made, was that reducing shares in issue increases the proportion of the company that each shareholder owns. That cannot be disputed or denied. And yes companies continue to issue new shares for awards, etc, but they'd be doing that anyway, further diluting existing shareholdings. And I agree, it doesn't follow that a buyback leads to an increase in share price. The market isn't that predictable. A special dividend, once paid, is gone forever, with no forward value to the shareholder. Fine for most who have the attention span of a goldfish. I play the long game and so applaud them (buybacks). |
Posted at 17/5/2024 20:31 by dexdringle I don't see why people have so much difficulty understanding buybacks...Hmmmmm...... Forget market cap Davius. Think NAV. Lloyds spending £2bn on its own shares reduces the shares in issue by 5%. But it also reduces the NAV by £2bn. So fewer shares but with less NAV between them. So each share still has the same amount of NAV. I have a business worth £1 million. My assets are purely £1 million cash which is in the bank earning 5% which is my only revenue / profit. I have 1 million shares in issue. My NAV is £1 a share. Each shares is worth £1. Normally, I pay out the £50,000 profit as a 5% dividend. I decide to use £200,000 of the cash to cancel 200,000 shares. My business now has £800,000 of cash and 800,000 shares in issue. The interest income is now £40,000 (5% of £800,000 cash). The shares are now worth.....£1 each. Because my NAV is still £1 per share. The whole thing is net neutral. My share price does not increase simply because I bought my own shares - because the cancelled shares were offset by the £200,000 leaving the business. If it was better than dividend every company would do it and there would be no dividends. As an aside. If Lloyds paid a 3p dividend the shares would most likely be 60p now as the dividend yield would be 5%. |
Posted at 10/5/2024 07:28 by freddie01 Lloyds a 'buy', says investment bank; here's whyDeutsche Bank has initiated coverage of Lloyds Banking Group PLC (LSE:LLOY) with a 'buy' rating and a price target of 61 pence with analysts expecting margins to stabilise in the third quarter. The benefits of what it described as a 'structural hedge' are likely to offset the adverse effects of potential base rate cuts, it added. In a note to clients, Deutsche also points to a reduction in the number of shares by 14% from 2023 to 2026 and an increase in the capital conversion rate from 88% to 107% as potential positive financial drivers. As a result, Lloyds' free cash flow yield is expected to reach about 16% by 2026. Additionally, the bank's tangible net asset value (TNAV) is projected to rise by 33% to 68p by the end of 2026, it said. While Lloyds is targeting a return on tangible equity (ROTE) greater than 15% for 2026, the German bank's forecast is slightly conservative at 13.7%. However, an anticipated increase in the hedge's effectiveness could narrow this gap. It's important to note that the "cash ROTE," which considers the bank's deferred tax assets—the largest in the sector—will be approximately 0.90 percentage points higher than the reported ROTE. The analysis also acknowledges potential risks from the Financial Conduct Authority's Motor Market Review. However, a "reasonable" worst-case scenario would limit the cost to about 3.5 pence per share, with a strong likelihood of lower impacts similar to those seen in past financial protections like the Payment Protection Insurance (PPI) redress schemes. In afternoon trading the stock was changing hands for 54p - barely changed on the day. |
Posted at 08/5/2024 15:14 by pierre oreilly Sets doesn't know whether shares bought are for a buyback or not, so the effect is exactly the same, buys are taken from the offer side leading to higher offers at the top and therefore a higher mid.You seem to be saying because assets are less due to the cash used, then the price should drop. But those assets are divided by fewer shares and the assets per share would stay similar. All other valuation numbers improve too, the divi ps rises for the same divi pot, the p/e also improved because the earnings are divided between fewer shares ( and they are the main valuation criteria, not cash held). These are why buybacks class as cash returns to shareholders, the cash is in the form of a higher share price ,(than it would otherwise be, and most people forget that last bit). I.e. if lloy would otherwise have gone down 2p today the buyback today could limit the drop to 1p, and similarly up 3 becomes up 4. |
Posted at 24/4/2024 18:50 by freddie01 Lloyds swings from red into green as analysts say results weren't that badAnalysts said Lloyds Banking Group PLC's (LSE:LLOY)'s first quarter disappointed in some respects but there was plenty to be positive about, as shares in the UK's largest lender swung from early losses to gains in early-afternoon trades. In short, profit was 2% below the consensus City forecast, with misses on net interest income (NII) and costs largely offset by lower-than-expected impairment charges. Full-year guidance was largely unchanged, except for costs, which ticked up slightly to include the addition of the UK bank levy and severance from job cuts. While the quarter was a bit softer than hoped, UBS said it should result in "the same destination", with higher costs but a gradual increase in non-banking interest each quarter resulting in a 4% drop in full-year pre-provision profit. If lower loan losses are continued, "then consensus PBT is broadly unchanged", said UBS. Analysts at Jefferies noted that impairment charges of £57 million were an 80% beat to the consensus, with the bank flagging an improvement in new to arrears and flows to default observed across the UK mortgage portfolio. Jefferies said Lloyds "ticks high-level boxes" in terms of a 13.3% return on tangible equity on a 13.9% CET1 capital ratio and a better quarterly margin performance than expected. The UK bank levy should be recovered via a corresponding offset in NII over the next quarters. Seeing a tailwind from the bank's risk-management hedge worth at least 5% to NII each year, UBS said, "we think LBG - and NatWest and Barclays - are well positioned to perform strongly in 2025 and 2026 given valuations and outlook for Eurozone peers". UBS also highlighted Lloyds' valuation, noting it trades at 6.6 times projected 2025 earnings, which is favourable compared to its European peers. Shore Capital pointed out that Lloyds’ shares are up 8% so far this year, outperforming the FTSE All-Share index by 5%, albeit lagging NatWest, which is up 30% and does not have exposure to the FCA’s review into discretionary motor finance probe. Shore Cap's fair value stands at 61p, Jefferies' target price is 59p and UBS's is 58p |
Posted at 24/4/2024 12:45 by jordaggy Lloyds profits fall as competition for mortgages heats upPre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year. Kalyeena Makortoff Banking correspondent Lloyds Banking Group has suffered a 28% drop in first-quarter profits amid tough competition for mortgages and savings, but bosses said they expected those pressures to soon ease, helped by an improving UK economy. The country’s largest mortgage lender, which also owns the Halifax brand, said pre-tax profits dropped to £1.6bn between January and March, having fallen from £2.3bn last year when rising interest rates boosted the lender’s profits by almost 50%. The bank’s chief financial officer, William Chalmers, said this reflected “keen pricing in the mortgage markets, and savings moving into higher rate accounts”. Competition and jitters in the mortgage market led to a drop in its total outstanding loan book. It resulted in a 10% drop in net interest income, which accounts for the difference in loan charges versus what is paid out to savers, to £3.2bn in the three months to March. Pressure from politicians and regulators to pass on interest rates to savers at the same rate they had been raising mortgage and loan charges has squeezed income for major mortgage providers such as Lloyds in recent months. In response, banks have had to compete harder for customer deposits by offering more substantial returns, particularly on fixed savings products where consumers lock away cash for longer. It attracted £1.3bn in regular customer deposits but that failed to make up for the £3.5bn pulled by business clients. However, Chalmers said these savings and mortgage pressures were likely to “ease through 2024”, as economic conditions continued to improve. House prices, which Lloyds previously expected to fall by 2.2% in 2024, are forecast to rise by 1.5% by the end of the year. The banking group, often seen as a bellwether for the UK economy, is also forecasting a steady improvement in economic growth, at a rate of 0.3% in most quarters and a drop in inflation to 2.4% – from 3.2% in March – resulting in a fall in interest rates to 4.5% by December. It expects the Bank of England to cut rates three times in 2024, starting in the middle of the year. Chalmers said mortgage applications had already soared by 20% in the first quarter, which could translate into new home loans, and reverse some of its loan book losses. That partly reflected the group’s willingness to offer better interest rates in order to boost lending. “We’re really pleased to see the pickup in applications, and development of our market share, in that respect. And I think that represents what is a series of competitive offers out there in the market, suiting our customer needs. We’d hope to maintain that ambition over the course of the year,” Chalmers said. Overall, the banking boss said he expected the UK mortgage market to pick up by 5% by the end of 2024. “We’d hope to play a major part in it,” Chalmers added. The improved economic outlook meant the bank was more confident that customers could repay their loans. Despite the cost of living crisis and higher mortgage repayments, which have weighed on borrowers, Lloyds set aside £57m for potential defaults, compared with £243m last year. The Lloyds chief executive, Charlie Nunn, said: “The group is continuing to deliver in line with expectations in the first quarter of 2024, with solid net income, cost discipline and strong asset quality. Our performance provides us with further confidence around our strategic ambitions and 2024 and 2026 guidance.” Investors had also been hoping for updates on the Financial Conduct Authority investigation into whether consumers have been charged inflated prices for car loans. Lloyds, which has the largest car loan division of the four biggest UK banks, has already put aside £450m – far short of the £2bn that analysts believe it could be on the hook for. However, Lloyds did not give any more details about whether it might put aside more cash to cover potential fines or compensation for customers. The FCA has indicated that it will give more details on its findings by the autumn. |
Posted at 14/4/2024 12:39 by hardup1 20 dirt-cheap British stocks experts say could make you a fortune.7) LLOYDS BANKING GROUP (FTSE100) Ninety One's Ben Needham says Lloyds should offer investors 'an excellent cash return story' in the coming years. This will come in the form of a compelling dividend (2.76p a share in the 2023 financial year) and a strong share price return, driven in part by the company buying back its shares (reducing the number in issue), so increasing the chance of the shares going up in price. 'At the current share price,' says Needham, 'Lloyds shares should generate mid-teen annual returns for investors.' Another Lloyds fan is Interactive Investor's Richard Hunter. He says the bank's move to a more digital business (closing offices and branches) will 'reap rewards' in the form of improved margins (bigger profits). He is also encouraged by the bank returning to its previous reputation as a 'provider of large shareholder returns.' A 'progressive' dividend policy, adds Hunter, has resulted in an annual dividend equivalent to 5.4 per cent – 'tempting for income seeking investors.' The shares trade at around 51p. |
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