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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lloyds Banking Group Plc | LLOY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.28 | 2.42% | 54.22 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.66 | 52.58 | 55.52 | 54.22 | 52.94 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 09/12/2024 11:32 by sharesoc !YOUTUBEVIDEO:6Qc-B9The recent (3/12/24) ShareSoc webinar with Lloyds Banking Group PLC (LLOY) is now available to watch on YouTube. Douglas Radcliffe, Group Investor Relations Director, and Thomas Grantham, Senior Manager Investor Relations, provided valuable insights into the company's performance and strategic direction. Catch the recording here: |
Posted at 03/12/2024 16:09 by cobourg1 WARNING! This report is unverified by Lloyds. It came from Bloomberg and would have been on the terminal earlier. Is this why the price is down?Since Lloyds is reducing the risk on its books, albeit at a cost, I would have thought it quite good news, or at least neutral news, a bit like a bookie laying off risky bets. .................... By Esteban Duarte and Aisha S Gani 3 December 2024 at 13:28 GMT Lloyds Banking Group Plc is selling a significant risk transfer linked to around £1 billion ($1.3 billion) of UK mortgages, which have been subject to modifications such as term extensions, according to a person familiar with the matter. Lloyds is seeking credit protection on a portfolio of home loans, which are mostly performing but are subject to high regulatory capital charges because they were previously delinquent, said the person, who asked not to be named because the deal is private. The transaction, which may be priced in coming days, also includes a portion of mortgages currently in arrears, the person said. Terms of the transaction, including size, are subject to discussion with investors. A representative for Lloyds declined to comment. SRTs enable banks to hold onto loan assets and offload the risk by paying investment firms to share any potential future losses. Usually, a bank would obtain default protection for as much as 15% of portfolios, and in return investors can receive yields that frequently top 10%. Banco Santander SA is also selling an SRT linked to a portfolio of UK home loans, as part of at least a dozen of such deals the Spanish bank has in various stages of the sale process, Bloomberg reported Nov. 21. SRTs are often configured as credit-linked notes that enable banks to free up capital they’d otherwise have to use to insure their own loans. Lloyds’ core equity tier 1 ratio, a solvency metric closely watched by investors and regulators, was at 14.3% at the end of the third quarter compared with 14.6% a year earlier, according to an Oct. 23. presentation. Loans tied to SRTs have reached about $1 trillion, with such deals running at a record pace for the fourth straight year, according to data compiled by Chorus Capital Management. — With assistance from Helene Durand |
Posted at 26/11/2024 10:10 by hardup1 jj123bb, Not much we retail investors can do about it. Lloyds say that buybacks are the preferred method of the Institutional Investors to return excess cash to shareholders. And the share buyback gets voted on at the AGM every year and is always passed with an overwhelming majority of votes as II's hold circa 84% of the issued shares. |
Posted at 22/11/2024 11:47 by jordaggy PMI data feeding through to nervous investors. Inflation creeping up, Labour government squeezing blood out of the stoned. Retail investors withdrawing cash for Xmas. |
Posted at 24/10/2024 11:50 by freddie01 Lloyds Banking Group earnings beat fails to move the share price - here's why13:35 23 Oct 2024 BST Lloyds Banking Group PLC's (LSE:LLOY) third-quarter metrics exceeded market expectations, yet the bank’s share price saw little movement. Now, for the dedicated follower of the black horse bank, that shouldn't come as a surprise. First, there was no upward revision of the full-year number from CEO Charlie Nunn and his team. And, after a stellar run that has seen around £8 billion, or 28% added to the group's market capitalisation, the stock looks up with events - albeit some optimists out there suggest the current share price underestimates Lloyds' potential. Earnings beat The UK's largest lender posted pre-tax profits of £1.8 billion for the quarter, ahead of analysts’ forecasts of £1.6 billion. While this figure was slightly lower than last year’s £1.9 billion, the results were notable given the broader economic backdrop, including falling interest rates. Lloyds has been able to use its 'structural hedge'—a financial strategy to manage interest rate fluctuations—t The NIM for the quarter stood at 2.95%, up from 2.93% in the previous quarter and slightly ahead of market predictions. John Moore, senior investment manager at RBC Brewin Dolphin, said: “With interest rates on a downward trajectory, there will inevitably be an ebb and flow to the numbers, and there is some evidence of that today.” Lloyds' underlying profit was 11% ahead of consensus forecasts, while pre-provision profits were 4% higher than expected, helped by lower-than-anticipat Credit quality holds up UBS analysts pointed out that net interest income was 1% ahead of expectations, with the NIM slightly outperforming projections. "The margin and non-interest income were highlights, particularly in the context of a quarter in which the lag effect of the base rate cut might have impacted by circa three basis points," said broker Jefferies. Shore Capital’s Gary Greenwood agreed that the improvement in NIM was significant, noting that "credit quality remains very benign" and that Lloyds' capital generation continues to be strong. Despite these encouraging numbers, Lloyds kept its guidance for the full year unchanged, which may have tempered any significant movement in the share price. Forecasts intact For 2024, City analysts are expecting pre-tax profits of just under £6.2 billion and earnings per share (EPS) of 6.3p. Greenwood’s forecast is more optimistic, at £6.6 billion and 6.8p EPS, though he pointed out that his figures do not account for any additional provisions from the Financial Conduct Authority’s review into discretionary commission payments. While the numbers were positive, two uncertainties remain for Lloyds. One is the potential fallout from the mis-sold Personal Contract Purchase (PCP) loans through its Black Horse motor finance division. The other is what strategic steps the bank will take moving forward, with investors looking for clarity on long-term growth plans. For now, Lloyds’ steady performance, bolstered by strong lending growth and stable margins, has reassured investors, even if the share price response has been subdued. As RBC’s Moore summed up, "there will inevitably be an ebb and flow to the numbers," as the bank continues to navigate changing market conditions. |
Posted at 28/9/2024 17:11 by freddie01 Lloyds Banking Group share price outlook for 2024 and beyondLloyds Banking Group faces a mixed outlook for 2024, with strong fundamentals but significant headwinds. Here's what investors need to know. How is Lloyds performing? Lloyds Banking Group (Lloyds) is currently trading at around 59.00 pence (p) per share. This represents a significant 32% increase over the past year, showcasing the bank's resilience in a challenging economic environment. One of the most attractive features for income-seeking investors is Lloyds’ forward-looking dividend yield, projected at 5.8% for 2025. This generous yield reflects the bank's commitment to shareholder returns, despite facing various headwinds. Lloyds posted substantial profits of £2.4 billion in the first half of 2024. However, this figure represents a 15% year-over-year (YoY) decline, hinting at the challenges the bank faces in maintaining its profitability in the current economic climate. The bank's performance is closely tied to the broader UK economy, making it an important barometer for investors looking to gauge the health of the nation's financial sector. As such, understanding Lloyds’ outlook is crucial for both existing shareholders and potential investors. Positive factors supporting Lloyds' outlook Firstly, Lloyds operates in a market with persistent high demand for essential financial services, particularly mortgages. As the UK's largest mortgage lender, the bank is well-positioned to capitalise on the nation's ongoing housing needs, providing a stable revenue stream. Secondly, Lloyds enjoys significant economies of scale, allowing it to operate more efficiently than smaller competitors. This cost advantage is particularly valuable in a challenging economic environment where margins may be under pressure. Thirdly, the bank boasts a vast customer base and a portfolio of well-known brands, including Halifax and Bank of Scotland. This strong market presence provides Lloyds with a solid foundation for customer retention and cross-selling opportunities. Lastly, Lloyds’ substantial profits, despite recent declines, demonstrate its ability to generate significant returns even in difficult conditions. This financial strength provides a buffer against potential economic shocks and supports the bank's ability to maintain its attractive dividend yield. What are the challenges facing Lloyds' share price rally? Despite its strong fundamentals, Lloyds faces several significant challenges that could affect its performance in 2024 and beyond. Investors should carefully consider these factors when assessing the bank's outlook. The primary concern is the changing interest rate environment. Recent rate cuts by the Bank of England (BoE) are likely to put pressure on Lloyds' net interest margins (NIM). As NIMs are a key driver of profitability for traditional banks, this could negatively impact Lloyds’ earnings in the coming periods. Economic uncertainty presents another major challenge. The UK's unemployment rate has risen to 4.4%, raising concerns about potential increases in loan defaults and repossessions. This situation may require Lloyds to increase its provisions for bad debts, further eroding its income. Regulatory and legal risks also loom large. Lloyds faces potential litigation costs from an ongoing car finance probe, which could result in significant financial penalties and reputational damage. Such regulatory actions can have long-lasting impacts on a bank's operations and profitability. Finally, it's important to remember the cyclical nature of the banking sector. Banks are particularly sensitive to economic cycles, and any downturn in the UK economy could have a disproportionate impact on Lloyds' performance. Lloyds' share price: analyst sentiment and trading activity The current analyst consensus on Lloyds is a cautious "Hold" based on 10 ratings, with 3 Buy, 6 Hold, and 1 Sell recommendation. This mixed sentiment reflects the balanced view of Lloyds' strengths and challenges. The stock has been assigned a "Neutral" Smart Score of 6 out of 10, indicating that it's expected to perform in line with the overall market. This score takes into account various factors including analyst recommendations, corporate insider transactions, and technical indicators. Interestingly, trading activity shows some divergence between long-term positioning and short-term sentiment. While 86% of open positions are long, suggesting overall optimism about Lloyds' prospects, recent trading activity has been predominantly bearish. In the last hour, 75% of trades were sells, with 68% sells over the past week. This contrast between long-term holdings and short-term trading activity could indicate that while investors believe in Lloyds' long-term value, they are cautious about its near-term performance given the current economic headwinds. Lloyds share price: technical analysis Lloyds’ chart reveals a predominantly bullish trend from 2020 into 2024. The price has shown significant appreciation, currently trading near its highest levels at around 59.31p. This upward momentum is further confirmed by the price consistently staying above both the 50-day and 100-day moving averages, with the shorter-term average positioned above the longer-term one. The overall price action suggests strong buyer interest and sustained upward pressure. Looking at momentum indicators, the moving average convergence/divergen From a support and resistance perspective, the current price level around 59.31p appears to be encountering some resistance, as evidenced by recent price consolidation. Previous resistance levels, notably around the 50.00p mark, seem to have transformed into support levels, reinforcing the bullish structure of the market. The most recent price action shows a brief pullback followed by renewed buying interest, illustrated by a prominent green candle. While the overall trend remains bullish, traders should be mindful of potential resistance at current levels and stay alert for any signs of trend reversal or significant divergences in technical indicators. Lloyds share price: the outlook for Q4 2024 and beyond Looking ahead to 2024, Lloyds presents a mixed picture for investors. While the bank's strong market position, attractive dividend yield, and proven ability to generate profits are positive factors, it faces significant headwinds that could impact its performance. The key to Lloyds' performance in 2024 will likely be its ability to navigate the challenging interest rate environment while managing the potential increase in bad debts due to rising unemployment. The bank's success in maintaining its net interest margins and controlling costs will be crucial. Investors should closely monitor economic indicators, particularly unemployment rates and housing market trends. These factors will have a substantial impact on Lloyds' loan book quality and overall performance. Additionally, any developments in the ongoing car finance probe could significantly affect the bank's financial outlook. |
Posted at 02/9/2024 17:13 by freddie01 Here’s the dividend forecast for Lloyds shares through to 2026With a 6.9% dividend yield, Lloyds shares might look like an excellent buy for passive income investors. But is the FTSE 100 bank a risk too far? Banks like Lloyds Banking Group (LSE:LLOY) can be excellent shares to buy for a solid passive income. The interest from their lending activities provides a consistent and significant flow of cash that they can then distribute to their shareholders. This can be done through a large and growing dividend as well as via share buybacks. The dividend on Lloyds shares has risen every year since the depths of the Covid-19 crisis. And City analysts expect it to continue growing through to 2026, at least. As a consequence, the market-beating dividend yields that Lloyds is famous for get steadily higher over the period. This is shown in the table below. Year Dividend per share Dividend growth Dividend yield 2024 3.3p 20% 5.6% 2025 3.48p 6% 5.9% 2026 4.04p 16% 6.9% But income investors need to consider how realistic current dividend projections are before buying in. They must also think about weighing up the prospect of more large cash rewards with the potential of a stagnating (or even falling) Lloyds share price. Here’s my take on the FTSE 100 bank. In great shape The first part of my assessment’s pretty encouraging. I believe Lloyds is in great shape to pay the huge dividends analysts are expecting. For the next three years, dividends at the Black Horse Bank are covered between 2 times and 2.2 times by expected earnings. Both figures sit around the accepted safety benchmark of 2 times and above. This is important given that the UK economic outlook remains highly uncertain which, in turn, poses a threat to banking sector profits. Investors can also take comfort from the healthy conditions of Lloyds’ balance sheet. As of June, its common equity tier 1 (CET1) capital ratio was a robust 13.7%. It means the bank could continue to pay large dividends even if earnings disappoint. Big risks The dividend picture’s pretty exciting at Lloyds, it’s fair to say. But does this necessarily make the bank a top stock to buy? I’m not convinced. When investing, I’m looking for companies that can pay a passive income and deliver healthy capital appreciation over time. And I’m not certain the bank meets my criteria. Lloyds’ share price has leapt more than 40% over the past year. But it remains almost a quarter cheaper than it was 10 years ago. And I believe it could turn lower again soon as conditions become more difficult. Firstly, the boost that higher interest rates have provided to margins are already unwinding. Lloyds’ net interest margin (NIM) sank 24 basis points in the first half, to 2.94%. And things will get even tougher if (as expected) the Bank of England steadily cuts interest rates over the next year. Its margins are also coming under attack as challenger banks ramp up their operations. High street banks are having to increasingly slash loan costs or raise savings rates to stop losing customers to the likes of Revolut. And, so far, this is only having a limited benefit. Cheap for a reason The shares are currently really cheap. As well as having those large dividend yields, the bank trades on a price-to-earnings (P/E) ratio of 9 times. However, in my opinion, this low valuation fairly reflects the risks the bank poses to investors. I’d much rather buy other dividend shares today. |
Posted at 15/8/2024 17:01 by freddie01 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. |
Posted at 25/5/2024 05:49 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 05/5/2024 09:41 by davidosh For the whole of this long weekend any investor buying a ticket for the *Mello2024* event will be given the bonus of being able to bring a friend or family member completely free of charge. Worth getting a friend to join with you and halving the cost maybe...Will end at market open on Tuesday as it is a bank holiday weekend so plenty of time to connect Mello2024 investor conference takes place on the 22nd and 23rd May Do come and join us....another six companies added to the list today and another six to be announced on Monday. We want to keep this important face to face engagement with companies going and it has been tough since Covid as many directors just want to do webinars as their only token offering to investors. If you want to ask private questions or check out body language it is impossible on webinars and investors need to network with each other too. Please support us and encourage companies/ management teams you are in contact with to come along to Mello2024 in Chiswick on 22nd or 23rd May Mello2024 – Mello Events If you have never been to one of our two day conferences before then clearly you are missing a great opportunity to engage with management teams and also network with hundreds of likeminded investors so we are offering virgin tickets at just £30 for either of the days so that you can see what it is all about.....a big discount from £99.00 and if you do not agree having spent the day with us I will give you an annual pass to our virtual shows on top. I just want investors engaging with all these quality smaller companies. This offer is only if you have never attended before so please be fair to all those who pay much more.... Simply enter the code NEW2MELLO24 BUY NOW: |
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