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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: 52.06
Bid: 52.06
Ask: 52.10
Change: -0.14 (-0.27%)
Spread: 0.04 (0.077%)
Open: 52.00
High: 52.74
Low: 52.00
Prev. Close: 52.20
LLOY Live PriceLast checked at -

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MARKET TALK: UK Banks Up; Stress Tests Provide Comfort -Shore

Mon, 26th Jul 2010 08:16

0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Scotland (RBS.LN), Lloyds Banking Group (LYG)--passed, as expected, says Shore Capital, with tier 1 ratios comfortably above 6% under the adverse scenario. Takes comfort, in isolation, from the UK bank results and disclosure (while remaining conscious of EU-wide contagion risk). Says sceptics are likely to remain unconvinced, but the publication of granular sovereign debt exposures should provide welcome transparency for the more pragmatic. Prefers Barclays, HSBC and Standard Chartered (STAN.LN), all buy rated, ahead of Lloyds and RBS, both at hold. Barclays +2.2%, Lloyds +1.7%, RBS +2.3%, and HSBC +0.2%. (peter.nurse@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 26, 2010 03:16 ET (07:16 GMT)
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