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LLOY Lloyds Banking Group Plc

1.02 (2.35%)
01 Dec 2023 - Closed
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
  1.02 2.35% 44.49 200,652,219 16:35:04
Bid Price Offer Price High Price Low Price Open Price
44.375 44.385 44.465 43.625 43.66
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 18.2B 5.46B 0.0824 5.39 29.39B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:57:11 O 15 44.49 GBX

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Date Time Title Posts
02/12/202310:05Lloyds Bank (LLOY) 'On Topic only' - Thread26,637
02/12/202309:37Lloyds Bank (MODERATED)1,959
02/12/202309:33Black Beauty: A Recovering Quadruped391,411
01/12/202322:48Lloyds Bank PLC, chat and charts81
03/10/202313:43Holding all the way down 4

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Lloyds Banking (LLOY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-01 17:29:3543.821,885825.91O
2023-12-01 17:29:3543.821,139499.06O
2023-12-01 17:29:3544.401,758780.52O
2023-12-01 17:28:0244.38854379.01O
2023-12-01 17:25:2044.3818782.99O

Lloyds Banking (LLOY) Top Chat Posts

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Posted at 02/12/2023 08:20 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 43.47p.
Lloyds Banking currently has 66,226,000,000 shares in issue. The market capitalisation of Lloyds Banking is £29,391,098,800.
Lloyds Banking has a price to earnings ratio (PE ratio) of 5.39.
This morning LLOY shares opened at 43.66p
Posted at 28/11/2023 15:21 by the_owl88
New News! Morgan Stanley UPS price target today.

Lloyds Banking Group PLC (LSE:LLOY)'s share price could double in a bull case scenario prepared by Morgan Stanley (NYSE:MS).

The investment bank has moved the lender to 'overweight' from 'equal weight' with an increased base case price target of 64p, up from 60p.

But it set out a bull case price target of 85p - double the current share price - which assumes terminal rate at 3.25% with mortgage spread front books stabilising at 85 basis points in 2022-24.

The broker said Lloyds is a cash-generative business, thinks pricing pressures are "manageable" and despite higher costs, predicts stronger mortgage flows and lower provisions.

This drives the bank's 13.5% return on total equity expectation for 2024, it said.

Morgan Stanley forecasts around 25-30 basis points cost of risk going forward, factors in dividend per share growing to 3p in 2024, with £2 billion annual buybacks.

This would leave the CET1 ratio at 14.4% by the end of 2025, in line with management guidance, it said.

Shares bucked the weaker market, rising 0.7% to 42.36p
Posted at 22/11/2023 16:56 by the_owl88
Rbc (below) has new target today of 65p (down from 68p).

Here's one way to play the banks! - wouldn't recommend that though - in fact would do the opposite! NW has different dynamics to Lloyds eg Lloyds more stable, older customer base, £75k av salary etc.

Lloyds vs NatWest pair trade tipped as analyst sees UK bank 'value gap'
Published: 09:41 22 Nov 2023
Written by: Jamie Ashcroft
About this content

Lloyds Banking Group PLC
Lloyds Banking Group PLC - Lloyds vs NatWest pair trade tipped as analyst sees 'value gap' between the UK banks
image: Chrispictures / Shutterstock

Short-sell Lloyds Banking Group PLC (LSE:LLOY) and buy NatWest Group PLC (LSE:NWG) is a short shelf-life ‘pair trading’ idea suggested by analysts at RBC, who see a valuation gap between the UK’s two mortgage-lending high street banks.

“LLOY and NWG valuations have historically been c.80% correlated; however, the Lloyds premium has opened up post results to c.0.11x 2yr forward price to tangible book value (P/TBV) - higher than the avg. premium of c.0.06x since 2020,” RBC analyst Benjamin Toms said in a note.

“Although Lloyds is carrying better momentum, its latest 2yr forward return on tangible equity (ROTE) expectation is only slightly above NatWest's (13.5% vs 12.8%), which does not fully justify the current valuation gap in our view.

“In the short term, we would recommend a pair of long-NWG; short-LLOY until the valuation gap closes.”

Toms, meanwhile, reckons over the medium term Lloyds shares should be preferred over NatWest because of the black-horse bank’s strategic investments and the analyst said highlighted a confidence in Lloyd’s asset quality.

Despite the short-term value gap, RBC is generally bullish on UK banks.

“UK banking net interest margin (NIM) may come down in 2024, but we believe the structural hedge should underpin solid returns and attractive dividend yields for a number of years,” Toms added.

“We remain comfortable around asset quality, which we expect will hold up through next year.

“Although net interest income (NII) momentum may have run out, we continue to believe that UK banks remain attractive at current valuations.”

RBC today downgraded its price target for Lloyds to 65p from 68p whilst retaining an ‘outperform217; rating, meanwhile, it retains a ‘sector perform’ rating for NatWest with a 290p target.

Elsewhere, RBC downgraded HSBC Holdings PLC (LSE:HSBA) to ‘sector perform’ and told investors “now is a good time to take profits”.
Posted at 20/11/2023 11:50 by the_owl88
Barclays Cuts Lloyds Banking Group (LON:LLOY) Price Target to GBX 65
Posted by ABMN Staff on Nov 19th, 2023

Lloyds Banking Group logoLloyds Banking Group (LON:LLOY – Get Free Report) had its target price decreased by stock analysts at Barclays from GBX 67 ($0.82) to GBX 65 ($0.80) in a research report issued on Friday, Marketbeat reports. The firm currently has an “overweight221; rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 49.86% from the stock’s current price.

LLOY has been the topic of several other reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Lloyds Banking Group in a research note on Thursday, September 7th. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from, the company has an average rating of “Moderate Buy” and an average price target of GBX 58.75 ($0.72)
Posted at 17/11/2023 15:11 by the_owl88
Too much media doom imho because it makes a good story! Still see peeps buying new cars, and only house price reductions Ive noticed in my area are those over £1m.

Next week will be interesting (Autumn statement etc) with Conservatives under the kosh.

Lloy 50p by New Year once analysts get slide-rules out again.Lloy is stronger now than before covid when share price was 60p, but defensive Ftse tracking, and general overdone gloom has dogged this share price
Posted at 06/11/2023 18:08 by drectly
Considering cash generation and share price, there is a logic to cancelling the divi and pushing buy backs to £4 to $5bn a year for a bit. Hard to see how the share price would not move significantly in a couple of years as bank still going to be worth 28bn approx. Once share price moves significantly say 50%, move back to progressive divi and some buy backs. (I actually hold shares just for divi so status quo fine, but it does look like the market sees more negatives than me).
Posted at 31/10/2023 12:46 by robbiereliable
It's almost irrelevant. I'd hope people aren't trading in LLOY for share price action. Over the three year cycle it has been down to this level a few times. I expect it will return to a bullish movement soon. Either way its the dividends that LLOY needs to reinforce. That will bring investment back in and the share price up. You could get close to the dividend on a long term fixed cash ISA right now.
Posted at 26/10/2023 15:57 by qantas
58 pence target.

Deutsche Bank, which has a 'hold' rating on the stock, added that for 2024, it now forecasts pre-tax profits of £51.0m, significantly lower than its previous estimate of roughly £81.0m, and £57.0m for 2025, down from £87.0m.

Analysts at Berenberg reiterated their 'hold' rating and 58.0p target price on financial services giant Lloyds Banking Group on Thursday, stating it still sees better opportunities elsewhere.

Berenberg said that while Lloyds' recent third-quarter results "did not differ materially from consensus", it thinks the near-term outlook for net interest income remains constrained.

Berenberg also noted that retail savings balances now account for 64.6% of Lloyds' retail deposits, a roughly 130 basis point increase versus Q2 2023. The effect of this change in mix, alongside the increasing cost of these deposits, has "more than offset benefits" from higher interest rates since the final quarter of 2022. Given expectations for little or no further Bank of England interest rate hikes, Berenberg believes that rates offered on new savings will be unlikely to "increase materially".

Looking ahead, the German bank reckons dynamics in the deposit market will likely create a diminishing headwind and be complemented by greater support from the reinvestment of hedge assets and more favourable mortgage pricing and volumes.

"Lloyds' 14.6% common equity tier 1 ratio is circa 110 basis points above its target. Given this, and Lloyds' strong capital generation, we forecast an average total annual yield (dividends plus buybacks) of circa 13% during the next three years," said Berenberg.

"Trading on 0.8x total book value versus a circa 15% return on tangible equity, Lloyds is not expensive. Our 58.0p price target for Lloyds values the bank on circa 1.2x total book value. We, nevertheless, retain our preference for Barclays ('buy') and NatWest ('buy') given these banks' superior valuation support, yield and growth."

Please do your own research as always
Posted at 26/10/2023 07:50 by stonedyou
Lloyds is a dark horse that’s worth backing

Emma Powell

Thursday October 26 2023, 12.01am, The Times

There were no Barclays-style banana skins for Lloyds Banking Group, yet the country’s largest mortgage lender still can’t catch a break with investors.

Lloyds’ shares have been priced at a 26 per cent discount to their forecast tangible book value in 12 months’ time. True, that’s narrower than a yawning 61 per cent gap for Barclays and a touch better than the 32 per cent discount embedded in NatWest’s share price — but then Lloyds deserves to trade at a relative premium to its British peers.

Its third-quarter numbers did not disappoint. Adjusted pre-tax profits were up 22 per cent year-on-year to just over £2 billion, mainly thanks to much lower impairment charges. Only £187 million was set aside for potential bad debts, down

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Posted at 25/10/2023 13:56 by millwallfan
Lloyds average mortgage book LTV is very low so this very much helps the avoidance of significant losses on any defaults. Furthermore, as an example, a 2 year fixed mortgage I took out 2 years ago was at 1.6%. I have just renewed for 2 years at 5.65% as the default variable rate was 8.74% ! - and this new fixed rate pretty competitive as I have extremely low LTV. There are many other mortgagees having low fixed rates 2-5 years ending in the coming months of which most are likely to roll over onto a 5-6% fixed rate for a further 2-5 years. The purpose of making this point is to illustrate that over the coming years Lloyds will be receiving significantly more income from the higher interest rates than for the past 10 years! Furthermore, Lloyds will continue to benefit from higher fixed rate mortgage interest even when the BoE base rate reduces. I fully understand that Lloyds will have to pay increased savings rates and there will be some increased bad debt provision but IMHO the current share price does not fairly represent the fundamentals of LBG. ALL IMHO and no advice intended. For context I hold 120k LLOY shares at an average someways above current share price
Posted at 10/10/2023 10:44 by wsm812
Lloyds Banking Group PLC (LSE:LLOY) is one of the many stocks enjoying a good day, up 3.1%.

Analysts at Jefferies think the lender could surprise the market with a £500 million share buy-back with its third quarter results on October - breaking from its pattern of distributing excess capital at full-year results.

This may help catalyse the shares in an absence of near-term upgrades, it said.

“With Q2 excess capital of £1.5 billion, set to rise a further c.£0.6 billion by Q3 23, we estimate a Q3 buyback of £0.5 billion, with a £2.5 billion buyback announced at 4Q,” the broker said.

Jefferies noted these buy-backs bring pro-forma 2023 estimated CET1 to 13.5%, rising to 14.4% by 2025 as capital generation is great than distributions.

The broker has also adjusted forecasts to reflect reduced expectations for net interest income.

Its 2023-25 revenue estimates fall 1-3%, driving 2023 underlying pre-tax profit down 7%, and 2024-25 down 3-4%.

The 2023 return on total capital employed forecast is 16.3%, ahead of the 14.9% consensus, rising to 17.8% in 2025 (consensus 14.4%).

Jefferies keeps a buy on Lloyds with a 80p price target, increased from 77p - nearly double today’s 43.32p share price.
Lloyds Banking share price data is direct from the London Stock Exchange

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