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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 53.94
Bid: 53.84
Ask: 53.88
Change: 0.22 (0.41%)
Spread: 0.04 (0.074%)
Open: 53.84
High: 54.38
Low: 53.58
Prev. Close: 53.72
LLOY Live PriceLast checked at -

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Morgan Stanley picks Lloyds and Barclays as banks play "catch up"

Fri, 20th Feb 2015 15:53

Morgan Stanley thinks European banks might now "start to play catch up" after an unusual period of underperformance in an improving macroeconomic environment.Although Greek concerns remain, the US investment bank believes some concerns about the banking sector are easing, such as deflationary risks, pressure on net interest margins and concern about capital needs, and that positive drivers are becoming more visible."Banks have underperformed on the back of falling inflation expectations, but should gain as deflation fears ease, due to ECB easing and stabilizing oil prices," a note from Morgan Stanley analysts said.Analysts said concern about downward pressure on net interest margins due to the European Central Bank's quantitative easing may be justified, but should partly be offset by falling bad-loan provisions.While acknowledging that uncertainty about capital needs remains, with the ECB now in charge of regulation, the analysts believe "parts of the sector can surprise on the upside on capital and dividends".As well as stronger macro momentum, positive drivers for the sector include banks starting to look attractive as dividend plays, offering the fourth-highest yield in the market, as low bond yields incentivise income investors to focus on equity yield.Rather than plays on improving net interest margins, they prefer stocks with potential upward surprises on dividends and restructuring, chiefly ING, Intesa Sanpaolo, Lloyds Banking, Bankia, UBS, Natixis and Barclays, plus the London Stock Exchange from the wider financials sector.Across the sector as a whole, Morgan Stanley thinks valuations still look attractive, with banks trading at a 50% price-to-book discount to the market, close to a 20-year low, and the P/E relative has just reached the lowest level since March 2009.The analysts' least-preferred list, which largely centres on concerns around earnings downgrades and dividend misses, includes Standard Chartered, Banco Popular, HSBC and Banco de Sabadell, plus Aberdeen Asset Management from the wider sector.
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8 May 2024 16:45

UK watchdog considers redress scheme after motor finance probe

LONDON, May 8 (Reuters) - Britain's financial watchdog said on Wednesday it was considering a formal redress scheme to compensate thousands of consumers that were potentially overcharged for motor finance.

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8 May 2024 11:33

Sabadell's UK arm TSB plans fresh job cuts, branch closures

LONDON, May 8 (Reuters) - TSB, the UK banking arm of Spain's Sabadell, is seeking 250 job cuts and 36 branch closures, a spokesperson for the bank and employee union Unite said on Wednesday, as the lender accelerates a restructuring push to save costs.

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3 May 2024 16:28

Intesa targets new digital-only clients after antritrust blow

Antitrust ruling derailed client migration timetable

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2 May 2024 12:30

Direct Line revamps management with three new appointments

(Alliance News) - Direct Line Insurance Group PLC on Thursday announced several new appointments, which the company's chief executive officer hailed as "central to delivering our strategy to transform the group".

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29 Apr 2024 07:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

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27 Apr 2024 12:00

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

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26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

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24 Apr 2024 11:55

LONDON MARKET MIDDAY: Investors shake off pre-US inflation nerves

(Alliance News) - The FTSE 100 in London was higher at midday on Wednesday, as investors look ahead to the US Federal Reserve's next test on Friday.

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24 Apr 2024 09:11

TOP NEWS: Lloyds profit squeezed by rising costs as revenue declines

(Alliance News) - Lloyds Banking Group PLC on Wednesday said first quarter profit slumped as the benefits of higher interest rates faded amid mounting costs.

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24 Apr 2024 09:04

LONDON MARKET OPEN: Reckitt up on strong start to 2024; Lloyds falls

(Alliance News) - Stock prices in London opened higher on Wednesday, building on this week's gains, as investors look ahead to some key US data.

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24 Apr 2024 07:42

LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance

(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer

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24 Apr 2024 07:02

Lloyds Bank holds guidance as Q1 profit falls £28%

(Sharecast News) - Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.

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23 Apr 2024 10:43

Wednesday preview: US corporate results, Lloyds in the spotlight

(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.

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