LLOY.L - Lloyds Banking Group plc
| Previous close | 37.56 |
| Open | 35.50 |
| Bid | 34.00 x 0 |
| Ask | 36.25 x 0 |
| Day's range | 33.52 - 36.98 |
| 52-week range | 29.82 - 73.66 |
| Volume | 357,109,872 |
| Avg. volume | 256,160,768 |
| Market cap | 24.223B |
| Beta (5Y monthly) | 0.78 |
| PE ratio (TTM) | 10.12 |
| EPS (TTM) | 3.40 |
| Earnings date | 31 Jul 2019 |
| Forward dividend & yield | 0.03 (8.97%) |
| Ex-dividend date | 16 Apr 2020 |
| 1y target est | 75.37 |
- Fool.co.uk
The Lloyds share price surged almost 10% yesterday! Here is why I have just invested more
A rebound in positive sentiment and oversold conditions have seen the Lloyds share price jump, according to Jonathan Smith.The post The Lloyds share price surged almost 10% yesterday! Here is why I have just invested more appeared first on The Motley Fool UK.
- Fool.co.uk
Will these be the next FTSE 100 dividends to fall in the 2020 crash?
Big FTSE 100 dividends are being cut as coronavirus fallout spreads, but which will be next? I predict both of these will slip.The post Will these be the next FTSE 100 dividends to fall in the 2020 crash? appeared first on The Motley Fool UK.
- Yahoo Finance UK
NatWest and RBS delay overdraft interest hike and waive fees due to coronavirus
Overdraft interest rates will be frozen at their current level for three months, with. customers charged up to a maximum of 19.89%.
- Yahoo Finance UK
Banks under fire over personal guarantees on coronavirus loans
HSBC and Lloyds Bank are asking entrepreneurs to put their savings on the line to access government-backed loans of over £250,000.
- Yahoo Finance UK
Lloyds offers £300 fee-free overdraft during coronavirus pandemic
The fee-free borrowing will be available from 6 April and last until 6 July. The offer also applies for Halifax and Bank of Scotland customers.
- Yahoo Finance UK
Coronavirus: Barclays waiving overdraft fees until end of April
The bank will automatically stop interest accruing on arranged overdrafts from 27 March until the end of April.
- Reuters - UK Focus
UK government and Bank of England tell banks to keep lending
British banks must keep lending to businesses through the coronavirus crisis to ensure that previously viable companies do not fail, the government and Bank of England said on Wednesday. In a joint letter to the chief executives of major banks, finance minister Rishi Sunak, Bank of England Governor Andrew Bailey and the interim chief executive of the Financial Conduct Authority, Chris Woolard, urged lenders to support the economy.
- Reuters
Britain's Lloyds Banking Group halts 780 planned job cuts - union
Lloyds Banking Group has halted plans to cut around 780 jobs and suspended all union negotiations for fresh layoffs in view of the unfolding coronavirus pandemic, employee union Accord said on Tuesday. "This is a good move by Lloyds to suspend the programme of redundancies," Ged Nichols, general secretary of Accord told Reuters. Nichols also said the bank, Britain's largest domestic lender, had suspended all talks with employee unions about future restructuring and organisational changes it had intended to make in the medium term.
- Reuters - UK Focus
Britain's Lloyds Banking Group halts 780 planned job cuts - source
- Reuters - UK Focus
UK banks scramble to protect customers from wave of coronavirus scams
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households effectively on lockdown, some banks said customers had already been caught out by fraudsters posing as banks, government and even health service providers to persuade victims to hand over passwords or other sensitive data. Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland have launched social media campaigns to flag ploys.
- Bloomberg
In Locked Down London, Traders Still Show Up at Deserted Desks
(Bloomberg) -- As the U.K. awoke to unprecedented peacetime limits on freedom of movement, a core band of finance professionals still had to find their way to the office.Deutsche Bank AG and Credit Suisse Group AG armed “critical staff” with letters in case authorities demanded documentation to explain why they were out and about. Barclays Plc covered Uber rides for some employees avoiding public transport. UniCredit SpA checks to make sure none has a fever.Banks still need traders on the front lines to take on the wild swings in just about every asset class. The push-pull of coronavirus fallout and policy makers’ response -- how deep will the global recession be? -- have fueled market chaos around the world. There was no need for the top brass to change their behavior in the wake of Prime Minister Boris Johnson’s announcement late Monday that all unnecessary movement of people was banned for at least three weeks. Senior executives have been working remotely for weeks as the coronavirus pandemic ravaged much of Europe and began spreading illness and alarm throughout Britain.In contrast to the financial crisis a decade ago, when groups of bankers and policy makers huddled to bail out the financial system, best practices now force key players to communicate without body language or that tell-tale raised eyebrow.“So much of crisis management is looking people in the eyes,” says Philip Hampton, who was named chairman of Royal Bank of Scotland Group Plc after the bank was bailed out in 2008. “In a crisis you often have to pack everything up and work through the night. You have to be there with the lawyers and the contractual documents and I don’t see how all of that can be done remotely.”Take the leaders of Standard Chartered Plc. The top three executives, Chief Executive Officer Bill Winters, Chief Financial Officer Andy Halford and Chief Risk Officer Mark Smith, haven’t met in person for three weeks to avoid risk they get infected at the same time, a person with knowledge of the bank’s plan said.At Lloyds Banking Group Plc, CEO Antonio Horta-Osorio is running the U.K.’s biggest retail lender from his home.“I am now running the bank with a much shorter horizon and I am now having virtual meetings,” he said at a virtual financial services conference hosted by Morgan Stanley last week. “Our planning cycle has shortened significantly.”Mortgage Bonds Rattle Wall Street Anew With Rush of Urgent SalesA government list of “key workers” who can still go to the office includes “staff needed for essential financial services provision,” giving banks some leeway in organizing their staff. And while desks are largely barren, some have been asked -- or told -- to make their way to an office: Equity and credit markets melting down and volatility is off the charts.At Lloyds, a trader drove his own car through the traffic-less metropolis instead of using public transport. Deutsche Bank’s critical employees comprise mostly traders and security staff. The few Commerzbank AG employees showing up to the office are being discouraged from taking public transport, with car parking, bike parking and even company accommodation provided.At Goldman Sachs Group Inc., only staff performing “essential functions” should go to the office, Richard Gnodde, who heads its international business in London, said in a memo to its staff.Italian companies, applying harsh lessons learned at home, have most staff working from home.UniCredit, Italy’s biggest bank by assets, has adopted the same standards for all its offices. In London, like in Milan and Munich, there is a rotation system and traders are deployed to different floors. The bank checks each employee’s body temperature, and it pays the commute for all of them to avoid public transport.Of Mediobanca SpA’s 100-person London staff, all are working from home except for about five traders who rotate in the office.Home or not, there are still standards to be maintained.RBS Chairman Howard Davies turned up on Bloomberg TV Tuesday morning via FaceTime wearing a white shirt and a tie against a backdrop of book shelves.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters - UK Focus
Bank of England says coronavirus tougher than banks' stress test
The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday. "Major UK banks are well able to withstand severe market and economic disruption," the BoE's Financial Policy Committee said in a statement from meetings it held on March 9 and March 19. The FPC had already announced that banks can use the capital they hold in their counter cyclical capital buffers (CCYB) to support lending worth up to 190 billion pounds and it indicated on Tuesday that banks could go further if needed.
- Fool.co.uk
The Lloyds Bank share price has crashed! Here’s what I’d do now
Lloyds Bank is a cheap FTSE 100 stock and it also has a high dividend yield. Is it as good as it looks or is there more to the story?The post The Lloyds Bank share price has crashed! Here’s what I’d do now appeared first on The Motley Fool UK.
- Fool.co.uk
Stock market crash bargain alert! I’d buy Lloyds for its 10%+ yield
The Lloyds share price and double-digit yield are risky, but hard to resist.The post Stock market crash bargain alert! I’d buy Lloyds for its 10%+ yield appeared first on The Motley Fool UK.
- Simply Wall St.
A Sliding Share Price Has Us Looking At Lloyds Banking Group plc's (LON:LLOY) P/E Ratio
Unfortunately for some shareholders, the Lloyds Banking Group (LON:LLOY) share price has dived 42% in the last thirty...
- Fool.co.uk
The Lloyds share price has crashed 50%. I’d buy it for my ISA
Fear, uncertainty, and doubt are crushing the Lloyds share price. But this could be a great buying opportunity for long-term investors, says Roland Head.The post The Lloyds share price has crashed 50%. I'd buy it for my ISA appeared first on The Motley Fool UK.
- Reuters - UK Focus
Basel banking watchdog to consider virus measures in coming days
Banks and their supervisors must remain vigilant in light of the evolving nature of the COVID-19 epidemic to ensure that the global banking system remains financially and operationally resilient, global regulators said on Friday. The Basel Committee of banking supervisors from the world's main financial centres said it held a teleconference on Friday and supported measures taken by members so far.
- Fool.co.uk
The FTSE 100 has slumped 30%+. I’d buy these 2 dirt-cheap dividend stocks today
These two FTSE 100 (INDEXFTSE:UKX) income stocks could offer long-term dividend appeal in my view.The post The FTSE 100 has slumped 30%+. I’d buy these 2 dirt-cheap dividend stocks today appeared first on The Motley Fool UK.
- Stockopedia
Is the Lloyds Banking share price cheap?
Lloyds Banking (LON:LLOY) is a large cap financial services company, which provides a range of banking and financial services, focused on personal and commerci8230;
- Reuters - UK Focus
Bank of England cancels annual stress test of banks
The Bank of England said on Friday it was cancelling this year's stress test of eight major banks and building societies to enable them to focus on providing lending through the coronavirus crisis. "The recent 2019 stress test showed that the UK banking system was resilient to deep simultaneous recessions in the UK and global economies that are more severe overall than the global financial crisis, combined with large falls in asset prices and a separate stress of misconduct costs," the BoE said. The BoE also said it was delaying other regulatory reports on bank liquidity and climate risk, and a study into open-ended investment funds.
- Reuters - UK Focus
British banks grapple with business demands for coronavirus lifelines
Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme. Finance minister Rishi Sunak on Tuesday pledged a 330 billion pound ($388 billion) lifeline of guaranteed loans for businesses in trouble and to provide a further 20 billion pounds in tax cuts, grants and other help. Sunak said money would be available from next week but small business owners said they were already facing a cash crunch and banks they had contacted to ask about loan relief and other measures had been slow to assist.
- Reuters - UK Focus
UK finance minister tells banks to be flexible over coronavirus
- Reuters - UK Focus
New accounting rule for virus-hit banks faces first big test
An accounting rule introduced after the global financial crisis faces its first big test as banks seek relief in the face of government calls to keep coronavirus-hit borrowers afloat. Known as IFRS9, it is mandatory in over 100 countries, including the European Union and Britain, but not in the United States, where there is a tougher version with full upfront provisioning for expected losses. "Obviously IFRS 9 is an issue for us and all banks in terms of how we recognise any provision," Alison Rose, chief executive of the Royal Bank of Scotland, said on Tuesday.
- Reuters
Europe's banks warn of investment cuts, falling income as virus hits
LONDON/PARIS (Reuters) - Some of Europe's biggest banks have warned the coronavirus will hit their already under-pressure earnings, as a lockdown in Britain and across parts of continental Europe will slow economic activity, eat into fee income and put corporate borrowers at risk. Societe Generale Chief Executive Frederic Oudea said on Tuesday it was too early to say what would be the impact of the virus on the bank's earnings, but that mortgage lending will suffer. Britain's Lloyds Banking Group will delay part of a 3 billion pound technology investment programme in response to the epidemic, Chief Executive Antonio Horta-Osorio told the same conference.
- Reuters - UK Focus
Lloyds Banking Group to delay investment plans as coronavirus hits
Britain's Lloyds Banking Group will delay part of a 3 billion pound ($3.62 billion) investment programme in response to the coronavirus epidemic, Chief Executive Antonio Horta-Osorio told an investment conference on Tuesday. A decline in economic activity as the country goes into lockdown will eat into the bank's fee income, Horta-Osorio said, meaning the bank will have to delay planned investments in technology in order to preserve its capital levels.
