LLOY.L - Lloyds Banking Group plc
| Previous close | 57.85 |
| Open | 58.15 |
| Bid | 58.76 x 2429200 |
| Ask | 58.78 x 2154700 |
| Day's range | 58.10 - 58.85 |
| 52-week range | 49.51 - 66.79 |
| Volume | 45,253,023 |
| Avg. volume | 168,867,087 |
| Market cap | 41.752B |
| Beta (3Y monthly) | 0.38 |
| PE ratio (TTM) | 10.69 |
| EPS (TTM) | 5.50 |
| Earnings date | 31 Jul 2019 |
| Forward dividend & yield | 0.03 (5.13%) |
| Ex-dividend date | 2019-04-04 |
| 1y target est | 75.37 |
- Reuters•20 minutes ago
Bank of England says it is watching mortgage price war 'like a hawk'
Regulators are watching a price war in mortgages "like a hawk" and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. The price war over the past two years may be good news for consumers wanting to buy their first home, but it was less good for a bank or building society concentrated in mortgages, Woods told the Building Societies Association. High loan-to-value ratios and higher loan-to-income home loans can be well captured by the BoE's capital requirements.
- Reuters•yesterday
Lloyds Bank CEO asked to explain pension perks to parliament
Lloyds Banking Group Chief Executive Antonio Horta-Osorio has been asked to explain in parliament the pension contributions paid to the lender's executives. Earlier this month senior lawmakers accused executives at Britain's biggest domestic lender of "boundless greed" for failing to give up generous pension perks that eclipse those offered to its broader workforce. Lloyds said it had received the letter from the committee and will respond in due course.
Reuters•3 days agoNew Brexit deal, Huawei reprieve boost FTSE 100
The FTSE 100 was up 0.3%, while the FTSE 250 rose 0.5%, with builder Galliford Try leading gains after announcing job cuts. After weeks of waiting for significant updates on Brexit, investors welcomed a "new deal" for Britain's departure from the European Union set out by Prime Minister Theresa May, which offered the prospect of a possible second referendum on the agreement.
- Reuters•3 days ago
Britain's Nationwide profits fall on IT spending, mortgage market competition
Britain's Nationwide Building Society reported a 15% fall in profits for the year to April 4, as intense competition in the home lending market and increased spending on digital banking services ate into its margins. The bellwether mortgage lender said its net interest margin - a closely-watched measure of underlying lender profitability - fell to 1.22%, down from 1.31% the previous year and down from 1.26% the prior quarter. Nationwide CEO Joe Garner said that the British economy had slowed but was proving robust, adding that he expected economic activity to pick up once uncertainty about Britain's departure from the European Union was resolved.
- Fool.co.uk•4 days ago
Although it looks cheap, Lloyds could actually be expensive
Why I’d avoid shares in Lloyds Banking Group plc (LON: LLOY) despite its big dividend.
- Fool.co.uk•7 days ago
At this share price, I’d buy & hold Lloyds for the long haul
Lloyds Banking Group plc (LON: LLOY) has a robust model that can ensure a steady dividend.
- Reuters•7 days ago
Lloyds defends CEO pay after investor anger at annual investor meeting
Lloyds Banking Group has defended the 6.3 million pound pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies. Horta-Osorio's pay in 2018 has drawn harsh commentary, with particular focus on the generous pension perks that eclipsed those on offer to Lloyds' broader workforce. Addressing questions at the company's annual general meeting, Lloyds Chairman Norman Blackwell insisted executive awards were "fair" and justified given the bank's turnaround in recent years from the brink of insolvency to becoming one of Europe's most profitable lenders.
- Fool.co.uk•8 days ago
Lloyds to start paying quarterly dividends! Is the bank now too good for dividend investors to ignore?
So Lloyds Banking Group plc (LON: LLOY) has shaken up its dividend policy. But does this make it a buy?
- Reuters - UK Focus•8 days ago
Lloyds braces for pay revolt at annual investor meeting
Lloyds Banking Group is braced for a potential shareholder revolt over senior executives' pay at its annual meeting on Thursday, after criticism by politicians and a string of similar rebellions at rival banks. The bank's CEO Antonio Horta-Osorio's 6.3 million-pound pay in 2018 has faced objections from investors, with particular focus on the generous pension perks that eclipse those on offer to Lloyds' broader workforce. Horta-Osorio, Britain's highest paid banking CEO, has already waived part of the bank's contributions to his pension pot this year, taking the annual payments to 33 percent of base salary from 46 percent previously.
Reuters•8 days agoLloyds Bank to pay quarterly dividends
Britain's biggest domestic lender Lloyds Banking Group said on Thursday it would pay dividends quarterly from the first quarter of 2020, in a move aimed at distributing income to its 2.4 million shareholders more regularly and efficiently. The new approach will see the lender adopt three equal interim ordinary dividend payments for first three quarters of year followed by, subject to performance, a larger final dividend in the fourth quarter, the bank said in a statement. Lloyds is one of Britain's biggest dividend payers and distributed around 4 billion pounds to investors in 2018.
Reuters•9 days agoMPs accuse Lloyds bosses of 'boundless greed' over pensions
Senior UK lawmakers have accused executives at Britain's biggest domestic lender Lloyds Banking Group of "boundless greed" for failing to give up generous pension perks that eclipse those on offer to its broader workforce. On the eve of the bank's annual general meeting, the heads of parliament's work and pensions and business committees said attempts by Lloyds to win backing for the policy from employees who also hold the bank's stock "smacks of feverish desperation". "Senior executives at Lloyds could bring this sorry episode to an end, today: just give it up," lawmaker Frank Field said in a statement on Wednesday.
- Reuters - UK Focus•9 days ago
UK lawmakers accuse Lloyds bosses of 'boundless greed' over pensions
Senior UK lawmakers have accused executives at Britain's biggest domestic lender Lloyds Banking Group of "boundless greed" for failing to give up generous pension perks that eclipse those on offer to its broader workforce. On the eve of the bank's annual general meeting, the heads of parliament's work and pensions and business committees said attempts by Lloyds to win backing for the policy from employees who also hold the bank's stock "smacks of feverish desperation". "Senior executives at Lloyds could bring this sorry episode to an end, today: just give it up," lawmaker Frank Field said in a statement on Wednesday.
Reuters•11 days agoMPs square up to regulator over duty of care for banks
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
- Reuters•11 days ago
Momentum builds for bank capital checks as Metro Bank struggles
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
- Fool.co.uk•12 days ago
Why I’d buy the Lloyds share price and that 11.7% yield
Lloyds Banking Group plc (LON: LLOY) has some of the best income credentials in the FTSE 100 (INDEXFTSE:UKX), says Rupert Hargreaves.
- Fool.co.uk•14 days ago
Forget this challenger bank, I’m sticking with the Lloyds share price
Lloyds Banking Group plc (LON: LLOY) has a solid balance sheet, but this challenger bank's cash reserves seriously need shoring up.
- Fool.co.uk•18 days ago
2 ‘comeback’ shares that I would buy today
These two shares saw their prices rising quickly for a day last week and I can understand the reason, which is why their fallback by Friday made them even more appealing to me.
- Reuters•21 days ago
Former judge to review Lloyds' payouts to HBOS fraud victims
A retired High Court judge has been appointed to review a compensation scheme set up by Lloyds Banking Group to pay redress to victims of one of Britain's biggest banking scandals. Sir Ross Cranston, who is also a former MP and solicitor general, will assess whether the scheme that has awarded millions of pounds in compensation was conducted fairly. A representative for Cranston said he had been appointed by Lloyds after City minister John Glen called for a review into the scheme in December, after campaigners raised major concerns.
- Reuters•21 days ago
Britons get to keep their copper coins
Britain will keep one penny and two pence coins in circulation, finance minister Philip Hammond announced on Friday, a year after saying they were obsolete and usually hoarded in jam jars or even binned. The ministry estimates that 2.2 million people in Britain rely on cash because they don't have a bank account or for other reasons. Debit cards overtook cash for the first time in 2017 as the most frequently used payment method in Britain, and some outlets no longer accept cash as a form of payment.
- Reuters•22 days ago
Lawmakers question Lloyds CEO's remuneration
Senior lawmakers have questioned whether Britain's highest paid bank CEO, Lloyds boss Antonio Horta-Osorio, is receiving too generous pension and share awards. The heads of Britain's work and pensions and business committees wrote a joint letter to Lloyds querying whether the level of awards were fair. The intervention from lawmakers comes as pay levels for the bosses of Britain's lenders come under renewed scrutiny and ahead of Lloyds' annual general meeting on May 16, when investors will vote on whether to approve the bank's pay policy.
Sky News•22 days agoLloyds profit flat as it warns on Brexit impact
Lloyds Banking Group has reported flat profits for the start of the year as it swallowed £565m in one-off costs and warned Brexit could take a further toll on the UK economy. Britain's biggest mortgage lender said it made a pre-tax profit of £1.6bn for the first quarter, little changed on a year ago. The group, which owns Lloyds Bank as well as Halifax Bank of Scotland, said the size of its loan book shrank 1%, including a £4.9bn decline in overall home loans assets.
