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Your post is reflection of *Your upbringing*....IMHO
HU ""The SP falls and the usual muppets appear.......IMHO""
The SP had been bouncing around this range for sometime...
DYOR
Barratt flags 'uncertain' outlook amid tough mortgage market...
UK homebuilder Barratt (BDEV.L) said on Wednesday it expects the housing market to remain difficult over the coming months and refrained from providing a full-year profit forecast, citing the "uncertain" outlook.
The UK's largest homebuilder reiterated that annual home building targets would be 20% lower than last year as affordability issues, stoked by expensive mortgages and a prolonged cost-of-living squeeze, pummel demand in the UK housing sector.
DYOR
The SP falls and the usual muppets appear.......IMHO
Morning All
MD "The worst is yet to come....IMHO"
Thanks for that expert analysis......or did you copy ' n' paste that....oh you!
DYOR
Sadly and heart breaking to say, The worst is yet to come....IMHO
Morning All
Still having high inflation has not bode well for the banks share price today ,Lloyds drop nearly 2%
..World events having the biggest influence atm...fomc & bofe November...still very hard to call imo..gla
And rpi is 8.9%.
Likelihood of interest rate rise increase - 2% inflation is looking ever more distant - Bailey needs the sack - should have been more aggressive months ago total failure.
The inflation rate in the United Kingdom remained steady at 6.7% in September 2023, defying market expectations of a slight decrease to 6.6%, as softer increases in prices for food and furniture were offset by a smaller decline in energy costs. Additionally, the core rate, which excludes volatile items such as energy and food, dropped to 6.1%, the lowest rate since January but slightly above forecasts of 6%. On a monthly basis, CPI rose by 0.5% in September, the most since May
https://tradingeconomics.com/u...
Unchanged at 6.7%.
The wage figures earlier in the week should preclude an interest rate rise hopefully.
The FTSE 100 is expected to make a bright start on Wednesday ahead of consumer price index figures and more US earnings.
Spread betting are calling London’s lead index up 25 points
LTI
"Maybe an extra buyback amount at Q3 will give it a little nudge upwards if the BOD's decide to alter policy."
So in your own words buybacks should give a little nudge upwards with the share price.
OR
Whoopee, more buybacks stopping the slide into the 30's trading range even though the net asset value is XYZ .....YES, the market determines the price!!
A new build house 500k, the buyer says please add 200k extension, the builder adds the extension and asks the buyer......just out of curiosity why did you add a 200k extension?
The buyer said ......to stop the value dropping to 300k!
NC
''I thought you never entered the comp?''
Correct, I haven't ,but I was putting into the kitty, between £10 and a £1,000 depending on the end of year closing level. It looks very much like the first closing level of 55p may be hard to reach in the coming 2 and half months. Maybe an extra buyback amount at Q3 will give it a little nudge upwards if the BOD's decide to alter policy.
I thought you never entered the comp?
I assumed because your greatest fear, of a once in a lifetime happening may occur, in that you might just be proven wrong!
No, I know you have millions and likely give to charity, so I guess a tenner is too trivial to mess with.
Your input on here must be like when Celebs, go on TV shows such as "Who wants to be a Millionaire", and are playing for fun rather than need. I guess the whole game then takes on a very different meaning.
We will never know how it feels as you won't to be poor, hence likely the disagreements oft errupt.
We all live as we see fit though and mostly the board gets along if a little heated over some issues at times.
''the charity for Mr Meerkats comp. ''
my £10 looking very safe
Re: " Its strategic retrenchment away from retail banking has saddled the firm with losses as it finds buyers for unwanted operations, and its exposure to commercial real estate has resulted in write-downs as well."
Lucky Lloyds isn't only a retail bank, and has no exposure to commercial real estate, so bodes well for us on results day...NOT
Homes are easy to rent thanks to the UK attracting the worlds flotsam, who we all pay to put a 5 star roof, or even a deck over their heads, but not so commercial real estate, costly to insure, costly to keep vandals and thieves out, and not in demand unless to house more poverty struck benefit takers after very costly alterations.
Still at least the lower guesstimates will be deciding the charity for Mr Meerkats comp. Who ever would have thought that?
Cooling labour market conditions appeared to start feeding through into an easing in wage growth in August, it's looking like rates have peaked at 5.25%
Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than expected trading revenue.
Here’s what the company reported:
Earnings: $5.47 a share. A survey of analysts by LSEG, formerly known as Refinitiv, expected $5.31, which may not be comparable
Revenue: $11.82 billion vs. $11.19 billion expected
Among its big bank peers, Goldman Sachs is the most reliant on investment banking and trading revenue.
While it’s made efforts under CEO David Solomon to diversify its revenue stream, first in an ill-fated retail banking push and later as it emphasized growth in asset and wealth management, it is Wall Street that powers the company. Last quarter, trading and advisory accounted for two-thirds of Goldman’s revenue.
That’s been a headwind as mergers, initial public offerings and debt issuance all have been muted this year as the Federal Reserve boosted interest rates to slow the economy down. With signs that activity has picked up lately, analysts will be eager to hear about Goldman’s pipeline of deals.
At the same time, Goldman has taken hits from two areas: Its strategic retrenchment away from retail banking has saddled the firm with losses as it finds buyers for unwanted operations, and its exposure to commercial real estate has resulted in write-downs as well.
Last week, Goldman said that its sale of lending business GreenSky will result in a 19 cents per share hit to third-quarter results.
Analysts will be keen to hear Solomon’s view on the investment banking outlook, as well as how the remaining parts of its consumer effort — mainly, its Apple Card business — fit in the latest iteration of Goldman Sachs.
Goldman shares have dropped 8.4% this year through Monday, a better showing than the 21% decline of the KBW Bank Index.
Last week, JPMorgan, Wells Fargo and Citigroup each topped expectations for third-quarter profit, helped by better than-expected credit costs. Morgan Stanley posts results Wednesday.
https://www.cnbc.com/2023/10/17/goldman-sachs-gs-earnings-3q-2023.html
Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income.
Here’s what the company reported:
Earnings per share: 90 cents vs. expected 82 cent estimate from LSEG, formerly known as Refinitiv
Revenue: $25.32 billion, vs. expected $25.14 billion
Profit rose 10% to $7.8 billion, or 90 cents per share, from $7.1 billion, or 81 cents a share, a year earlier, the Charlotte, North Carolina-based bank said in a release. Revenue climbed 2.9% to $25.32 billion, edging out the LSEG estimate.
Bank of America said interest income rose 4% to $14.4 billion, roughly $300 million more than analysts had anticipated, fueled by higher rates and loan growth.
CEO Brian Moynihan said the bank continued to add clients despite economic pressures. While consumer banking deposits were down 8% in the quarter, the segment posted a 6% increase in revenue to $10.5 billion, according to the company.
“We did this in a healthy but slowing economy that saw U.S. consumer spending still ahead of last year but continuing to slow,” he said in an earnings release.
Bank of America was supposed to be one of the biggest beneficiaries of higher interest rates this year. Instead, the company’s stock has been the worst performer among its big-bank peers in 2023. That’s because, under CEO Brian Moynihan, the lender piled into low-yielding, long-dated securities during the pandemic. Those securities lost value as interest rates climbed.
That’s made Bank of America more sensitive to the recent surge in the 10-year Treasury yield than its peers — and more similar to some regional banks that are also nursing underwater bonds. Bank of America had more than $100 billion in paper losses on bonds at midyear.
The situation has pressured the bank’s net interest income, or NII, which is a key metric that analysts will be watching this quarter. In July, the bank’s CFO, Alistair Borthwick, affirmed previous guidance that NII would be roughly $57 billion for 2023.
Bank of America shares were up about 1% in premarket trading Tuesday. The stock bad fallen 18% this year through Monday, trailing the 10% gain of rival JPMorgan Chase.
Last week, JPMorgan, Wells Fargo and Citigroup each topped expectations for third-quarter profit, helped by better than-expected credit costs. Morgan Stanley posts results Wednesday.
https://www.cnbc.com/2023/10/17/bank-of-america-bac-earnings-3q-2023.html
Can't help wondering how long it will be before the BBC and other media have scoured and scrapped up any information adding to the undoubted negative financial effects which are known over the Palestine issue.
Soon I expect the underdogs will be our 'bestiees' , we will be taking in countless, and shortages of most everything will be 'blamed' upon supply issues due to war in the Gaza Strip despite the only Gaza strip item known in the UK is Paul Gascoigne's shirt.
So, yes, the lack of fall in shares at this latest skirmish is likely temporary, just need the media to find enough info to justify the next leg down.
The BBC will show harrowing scenes from Gaza of the injured young and elderly, (omitting any terrorists) with moving background music, and the UK public will feel grateful for queueing for hours when attending their doctors or hospital appointments, which in the case of hospitals they have already waited months or years for, when comparing their 'lot' in life to the victims, not realising that acts of kindness come at a price which 'they' not HMG or the wealthy will pay.
So I feel that the 'new skirmish' is yet to be 'priced in' to shares, as a God given 'reason' for an unpopular Gov to 'blame' outside events as the next Winter of discontent is yet to arrive.
PS I vote Tory, but have feel they are now too lefty.
Lloyds is more than holding its own compared to the FTSE on the yearly chart, c+ 8%.
Well done, great market analysis 👍
This donkey can not even hold on to a rise,was 1% up when I went out now just about green,roll on results then we will see the true state of Lloyds