Lloyds Banking Share Discussion Threads

[skinny] 20/2/2019 07:07

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[skinny] 20/2/2019 07:02

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Significant business progress with strong start to the Group's latest strategic plan

· Strong start to the next phase of our strategy with increased strategic investment

· Achievements during the year include the launch of Open Banking, Single Customer View, Lloyds Bank Corporate Markets, the wealth management partnership with Schroders and enhanced customer propositions

· The Group will continue to Help Britain Prosper whilst delivering strong and sustainable returns for shareholders

Strong and sustainable financial performance with continued growth in profit and returns

· Statutory profit after tax of £4.4 billion up 24 per cent with a 6 per cent increase in underlying profit to £8.1 billion

· Total ordinary dividend of 3.21 pence per share, up 5 per cent on 2017, and a proposed share buyback of up to £1.75 billion representing a total capital return of up to £4.0 billion (2017: £3.2 billion), increase of up to 26 per cent

· Net income of £17.8 billion, 2 per cent higher, with net interest margin higher at 2.93 per cent

· Operating costs down on prior year despite increased investment; cost:income ratio further improved to 49.3 per cent with positive jaws of 5 per cent

· Credit quality remains strong with no deterioration in credit risk; gross asset quality ratio remains stable at 28 basis points, in line with full year 2017 and 2016

· Return on tangible equity increased to 11.7 per cent and earnings per share of 5.5 pence up 27 per cent

· Balance sheet strength maintained with capital build of 210 basis points in the year and CET 1 ratio of 13.9 per cent after dividends and share buybacks

· Tangible net assets per share of 53.0 pence, up 1.3 pence after the payment of dividends in the year

Guidance demonstrates confidence in continued strong performance

· Continue to expect increased statutory return on tangible equity of 14 to 15 per cent in 2019 with strong underlying profit and lower below the line charges driving statutory profit growth

· Ongoing capital build of 170 to 200 basis points per annum

· Net interest margin of c.2.90 per cent in 2019 and, as previously guided, resilient through the plan period

· Operating costs now expected to be less than £8 billion in 2019; a year ahead of original target, cost:income ratio still expected to fall every year and be in the low 40s exiting 2020 including remediation

· Net asset quality ratio expected to be less than 30 basis points in 2019 and through the plan period

more.....

[bargainbob] 20/2/2019 06:55

Results Day Please stay on topic today .

[steve4003] 20/2/2019 06:26

Let the EU tell us, we have got to have her back,
then see how many change to leave,

[jordaggy] 20/2/2019 05:30

presentation

[philanderer] 20/2/2019 00:37

'Lloyds Banking Group and Visa unveil plans to pay shopkeepers to offer cashback service'

[k38] 19/2/2019 23:58

Tomorrow is another day..;) I wish to her all the best for her kid whatever happens.

[poikka] 19/2/2019 23:58

More Brexit troubles.

"Ford has said it will close a factory in Brazil after more than 50 years as it stops selling heavy commercial trucks in South America."

[shy tott] 19/2/2019 23:57

Yes Minerve, it's very unsavoury here. Why don't you seek out a country where severed heads fill the bins and go and live there?. I'd give you two days before your head joined them.

[minerve] 19/2/2019 23:55

Thanks K38 for the discussion. Talk tomorrow. :)

[tradejunkie2] 19/2/2019 23:51

She's certainly a troubled girl brainwashed probably. Not very mature for her age, either that or she knows what she's really saying hard to tell. She's not done herself any favours, send her to Spain to live with K38 he can rehabilitate her.

[minerve] 19/2/2019 23:46

K38

I said the other day that her home isn't here. It isn't safe for her and her child. She will be the victim of a witch hunt which could harm innocent people. This country is becoming an unsavoury place to live.

[k38] 19/2/2019 23:40

Minerve, there are times which I agree with you but not on this.

[k38] 19/2/2019 23:39

Minerve you said..You can't use it one day and ignore it the next. Sure.. she has the right to challenge the law.So you are wrong here.

[k38] 19/2/2019 23:34

Minerve The decision to remove her passport was made on existing law.

[minerve] 19/2/2019 23:30

"Mad as a sackfull of assoles (Minny that is)"

WOW great comeback. Real intellectual this one.

Got anymore? ROFLMAO!

[minerve] 19/2/2019 23:30

K38

The law is the law. You can't use it one day and ignore it the next. For every person that isn't seen to be treated fairly you will find many observers starting to sympathise.

You don't have to take my word for it. Watch. Let us see what happens. I will be proven right. As I always am.

LOL

[maxk] 19/2/2019 23:22

Mad as a sackfull of assoles (Minny that is)

[k38] 19/2/2019 23:22

Extremist of all kind will always exist and we can't forgive them forever. Any weakness will only encourage their behaviour and actions.They have to learn there are laws and they have to follow them or pay the price !

[stonedyou] 19/2/2019 23:16

British courts have been proved.....to be not fit for purpose.....

[k38] 19/2/2019 23:12

Minerve Exactly, my decision it has nothing to do with emotions, just think..If we 'forgive' her, what do you think others who are thinking thesame way will do ?I can tell you.. they will join IS they will kill innocent people and than will return in UK like nothing happens..No Thanks, she and her likes must become an example !