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LLOY Lloyds Banking Group Plc

49.80
-1.36 (-2.66%)
Last Updated: 11:01:35
Delayed by 15 minutes
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
  -1.36 -2.66% 49.80 44,126,869 11:01:35
Bid Price Offer Price High Price Low Price Open Price
49.80 49.82 50.26 49.65 50.02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 23.74B 5.46B 0.0859 5.80 31.69B
Last Trade Time Trade Type Trade Size Trade Price Currency
11:01:33 O 2,000 49.82 GBX

Lloyds Banking (LLOY) Latest News

Lloyds Banking (LLOY) Discussions and Chat

Lloyds Banking (LLOY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:01:3349.822,000996.40O
10:01:1949.80632314.74AT
10:01:0249.82199.47O
10:01:0149.805,4012,689.70AT
10:01:0049.796,2903,131.79AT

Lloyds Banking (LLOY) Top Chat Posts

Top Posts
Posted at 16/4/2024 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 51.16p.
Lloyds Banking currently has 63,569,225,662 shares in issue. The market capitalisation of Lloyds Banking is £31,606,618,999.
Lloyds Banking has a price to earnings ratio (PE ratio) of 5.79.
This morning LLOY shares opened at 50.02p
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.
Posted at 06/4/2024 12:10 by freddie01
Lloyds upgraded as optimism builds for second half of year - analysts


Lloyds Banking Group PLC (LSE:LLOY) was upgraded by analysts on Thursday as prospects for Britain’s banking sector look to improve into the second half of the year.

Across the sector in February, deposits into non-interest-bearing bank accounts climbed for the first time since October 2022, mortgage lending was positive and business loans grew, KBW analysts said, pointing to this week’s Bank of England data.

“This suggests that many of the pressures on Lloyds earnings, whilst likely to continue in the first half, are dissipating rapidly,” the investment bank continued.

Though Lloyds shares have rallied in recent months on growing optimism of better conditions in the latter half of the year, such as from rate cuts, KBW noted the stock was trading at a 20% discount to long-term averages.

“We continue to believe that UK incumbent banking is in long-term structural decline from new entrants with better cost and higher customer satisfaction,” KBW added.

“But, it is clear that 2024 is set to be a cleaner year than we have seen for some time.”

Lloyds was upgraded to an ‘outperform’ rating as a result, with KBW hiking its share price target from 55p to 60p.

Shares in the bank climbed 2.75% to 53.82p on Thursday.
Posted at 06/4/2024 11:08 by diku
No nasties in full year results...
Costs cutting and branch closures...
Rates staying higher for longer...good for margins...
Those borrowers who locked in 2 - 5 year when rates were zero pre 2022 banks were giving away money...have to renew at higher rates...
Default rates so far low as rates have peaked in this cycle and inflation stats coming down...
Housing/lending market and rental market still bouyant...
Lloy doing mega buy backs...
Banking sector was lagging behind on fears of recession with much higher rates and increase in defaults...
Employment rate steady...
Good possibility change of Govt as mentioned by Ut previously...








crystball14 Apr '24 - 14:53 - 393939 of 393967
0 0 0
Can anyone explain why the LLOY share price has risen significantly recentl
Posted at 05/4/2024 06:16 by the_owl88
Lloyds Banking Group PLC (LSE:LLOY) was upgraded by analysts on Thursday as prospects for Britain’s banking sector look to improve into the second half of the year.

Across the sector in February, deposits into non-interest-bearing bank accounts climbed for the first time since October 2022, mortgage lending was positive and business loans grew, KBW analysts said, pointing to this week’s Bank of England data.

“This suggests that many of the pressures on Lloyds earnings, whilst likely to continue in the first half, are dissipating rapidly,” the investment bank continued.

Though Lloyds shares have rallied in recent months on growing optimism of better conditions in the latter half of the year, such as from rate cuts, KBW noted the stock was trading at a 20% discount to long-term averages.

“We continue to believe that UK incumbent banking is in long-term structural decline from new entrants with better cost and higher customer satisfaction,” KBW added.

“But, it is clear that 2024 is set to be a cleaner year than we have seen for some time.”

Lloyds was upgraded to an ‘outperform217; rating as a result, with KBW hiking its share price target from 55p to 60p.

Shares in the bank climbed 2.75% to 53.82p on Thursday.
Posted at 04/4/2024 14:53 by crystball1
Can anyone explain why the LLOY share price has risen significantly recently?
Posted at 23/3/2024 08:02 by freddie01
Here’s why the Lloyds, NatWest, and HSBC share prices are surging


British banks are roaring in 2023. Lloyds Bank(LON: LLOY) share price surged to 52.58p on Friday, 28% above its lowest level since February this year. Similarly, NatWest stock jumped to 259p, also 33% higher than the YTD low.


HSBC vs Lloyds vs Barclays shares

These banks have continued soaring for two main reasons. First, the Bank of England (BoE) has been quite supportive. In its meeting on Thursday, the bank decided to leave interest rates unchanged at 5.25%, its highest level in over a decade.

Most banks benefit from high-interest rates because they usually lead to more net interest income (NII). The most financial results showed that Lloyds’s net interest income jumped to more than £13.8 billion, a 5% increase.

Similarly, NatWest had a full-year profit of £4.4 billion and a net interest margin of 3.04%. HSBC, the biggest UK bank by assets, had a net interest margin of 1.66% and NII of over £10 billion.

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These banks will likely continue making these numbers this year as interest rates are expected to remain higher for longer. Analysts expect the Bank of England to cut interest rates by about 75 basis points this year. In a statement, analysts at Bloomberg said:

“There was a dovish shift in the vote split and an acknowledgment that its policy stance will remain restrictive even if it eases.”
UK banks are highly undervalued
These banks have also jumped because of the perception that they are severely undervalued compared to their American and European peers. Lloyds has a price-to-book ratio of 0.67 while NatWest and HSBC have ratios of 0.57 and 0.82, respectively.

These P/B ratios are much lower than other large banks. JPMorgan has a P/B multiple of 1.75 while Unicredit has 0.90. Goldman Sachs has a P/B ratio of 1.20. The price-to-book ratio is an important figure because it looks at its share price compared to its book value.

UK banks are also cheap, considering that, in theory, they are among the safest ones in the industry, Most of them have a CET1 ratio of over 14, meaning that their balance sheets are much safe.

Still, these companies are facing some challenges. On Thursday, we reported that Barclays is laying off hundreds of workers in its investment banking division. Lloyds is also cutting 1,600 jobs and closing some of its branches.

NatWest is culling 500 jobs while HSBC is slashing more than 500 jobs and exiting some of its markets. Therefore, investors believe that these job cuts will lead to more profits as interest rates start falling.
Posted at 11/3/2024 13:03 by marktime1231
A sharp rise in share price when the ISA window opens and before ex-div would be logical hardup and I share your enthusiasm for the that scenario. Except the behaviour of LLOY share price is frequently irrational.
Posted at 03/3/2024 04:36 by the_owl88
Given recent results, Lloy share price looks silly!

2013 vs 2023 table below. Also consensus is interest rates & mortgage rates (rising again) will stay higher for longer - likely above 5% till 2025 even if 2% inflation target is reached.

Fwiw my 'all of market' broker last week found a new 'best residential mtg' @5.3% (previously 2019 - 1.79% !) for me. Fast rising rents will drive more mortgages too for couples.

Adding eom in new range 40 - 50p on dips, or above when new Isa tax year kicks in 6 Apr as I think at these prices, and with buyback yield will soon be c8% - regardless of growth potential in article below.
Posted at 02/3/2024 20:40 by utyinv
Absolutely disgusting that our CEO Charlie Nunn is complacent in taking a large salary and bonus and not delivering a decent return for the owners of the Company, the Shareholders.

Let me qualify that statement for you:

Member of the family who used to work for Lloyds Bank participated in a sharesave where the Option Price set on 1st Jan 2015 was 60.02p . That would mean ( for those who know how sharesave’s work), the market price at the time was 75.02p ( sharesave option prices are 80% of the current market price at time of the Option set price).

So 2015 : share price = 75.02p and today after supposedly 9 years of growth, the price is 47.37p

Some fantastic return for shareholders there. Mind you, with the Bank being treated as a Charity for useless Mr C..t sorry Mr Hunt, the fat boy in charge of the BoE and a general anti bank, left wing Government, what do we expect?
Posted at 25/2/2024 09:05 by hardup1
As expected all of the media that have reported on Lloyds Final Results are focusing their headlines on the £450m provision that Lloyds have made for Car Finance, alluding that this is a plea of guilty by Lloyds. And the estimations of the hit Lloyds could take are growing every day. This is just going to snowball over the next 6 months which will be detrimental to Lloyds share price increasing from current level until we know what the outcome of the rigged FCA Investigation. I think the share price will be range bound between 40p - 45p until then.

There is a positive to be taken from this though, it could ensure that the 2024 buyback will be completed with another low average share price and large number of shares bought back for cancelling. The 2022 buyback average price was 44.162p with 4.528 billion shares purchased. The 2023 buyback average price was 45.597p with 4.386 billion shares purchased. So this years buyback may benefit from the uncertainty and negative media reports that will be appearing frequently in the press keeping the lid on the share price. I think we could end up with at least another 4.5 billion shares being bought back for cancelling this year.
Lloyds Banking share price data is direct from the London Stock Exchange

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