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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 55.12
Bid: 55.08
Ask: 55.12
Change: 0.10 (0.18%)
Spread: 0.04 (0.073%)
Open: 54.94
High: 55.42
Low: 54.82
Prev. Close: 55.02
LLOY Live PriceLast checked at -

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Broker snap: 'Sell' RBS ahead of next month's results, says Investec

Fri, 17th Jan 2014 15:47

Investec has downgraded its rating for UK banking group Royal Bank of Scotland (RBS) from 'hold' to 'sell', reminding investors of the rule: 'Never own RBS into the numbers!'"'Short RBS' may be a crowded trade but after a 19% one-month 'spike', we think it (once again) looks attractive," said Analyst Ian Gordon.He warned that he sees negative risk to his estimates for one-off charges at RBS, including an expected further £1.5bn for mis-selling, £3.8bn in regulatory fines and £2.3bn for restructuring.Meanwhile, the "very weak recovery" in 'underlying' earnings suggests that the bank's target for return on equity exceeding cost of equity may not be achieved before 2018, Gordon said.He believes there are "plenty of 'micro' issues" which have led to an improving investment case for RBS, leaving Investec "more positively disposed" to the stock than others.However, Gordon said: "The 'big picture' of a painfully slow recovery in earnings/returns still constrains our view on valuation. As such, we now recommend reinstating short positions ahead of FY13 results on February 27th." Investec prefers exposure to the remaining banks in the sector, reiterating its 'buy' ratings for Standard Chartered, HSBC, Barclays and Lloyds.RBS was trading down 2.14% at 363.55p before the close of trade.BC
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12 Jul 2023 17:14

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

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12 Jul 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 boosted by banks ahead of US inflation

(Alliance News) - The FTSE 100 in London was lifted by banking stocks heading into Wednesday afternoon, after the Bank of England's latest stress test showed the sector to be "resilient".

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12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

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12 Jul 2023 08:45

LONDON MARKET OPEN: FTSE 100 higher as UK banks pass BoE stress tests

(Alliance News) - European markets were trading higher on Wednesday, in a sign of cautious optimism ahead of US inflation data.

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12 Jul 2023 08:39

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

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12 Jul 2023 08:26

UK bank shares rise after BoE stress test

MILAN, July 12 (Reuters) - A gauge of British banking stocks surged on Wednesday after the Bank of England said its annual stress test of eight major lenders showed each could cope with rising interest rates in a stressed environment.

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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7 Jul 2023 11:13

British lender OSB shares slide on mortgage hit warning

LONDON, July 7 (Reuters) - British financial services group OSB's shares fell by more than 20% on Friday after it said it would take a net income hit of up to 180 million pounds ($229 million) as mortgage customers switched from higher rate products.

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6 Jul 2023 19:14

Banks recognise savers need help accessing best rates - UK regulator

(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

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6 Jul 2023 18:45

UK banks must accelerate rate rises for savers, says watchdog

LONDON, July 6 (Reuters) - British regulator the Financial Conduct Authority (FCA) said on Thursday that banks need to accelerate rate rises for savers, but said it was not up to the watchdog to dictate pricing.

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6 Jul 2023 16:41

Banks must provide value to savers, says UK watchdog

LONDON, July 6 (Reuters) - Britain's Financial Conduct Authority said on Thursday that banks need to ensure they are providing value to savers, but said it was not up to the regulator to dictate pricing.

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6 Jul 2023 07:43

LONDON BRIEFING: FTSE 100 to fall as more US rate hikes expected

(Alliance News) - Stocks are called lower in London on Thursday, after hawkish minutes from the US Federal Reserve once again gave rise to interest rate fears.

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6 Jul 2023 06:19

UK FCA to discuss savings rates concerns with bank chiefs

(Alliance News) - Bank chiefs are meeting Financial Conduct Authority officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

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4 Jul 2023 07:53

LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US.

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