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Share Price Information for Lloyds (LLOY)

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Share Price: 54.18
Bid: 54.40
Ask: 54.44
Change: 0.12 (0.22%)
Spread: 0.04 (0.074%)
Open: 53.96
High: 54.42
Low: 53.30
Prev. Close: 54.06
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New leverage ratios 'clear the overhang' for UK banks, says JPMorgan

Mon, 03rd Nov 2014 10:37

JPMorgan Cazenove has welcomed the new leverage-ratio rules from the Financial Policy Committee (FPC), saying that the outcome for UK banks was better than the market had expected.Analysts reiterated their 'overweight' positions on Lloyds and Barclays, but kept 'neutral' ratings for RBS, HSBC and Standard Chartered.The FPC said on Friday that the UK's largest banks would need a leverage ratio - which measures the proportion of lending that is funded by equity - of 4.95%. However, when excluding a 0.9% 'counter-cyclical leverage ratio buffer' (CCLB) used during "boom times", it would be just 4.05%, towards the lower-end of the 4-5% range expected by the market.What's more, the FPC said that the full requirement comes into force in 2019, much later than the 2017 date some analysts had assumed.JPMorgan said that all of the UK banks already meet the minimum leverage requirements except Barclays, but the latter should reach the target within the first half of 2015."While the FPC's Leverage ratio calibration at 4.05% (ex CCLB) was lower than expectations baked into share prices, the practical implications for where UK banks need to manage their leverage ratio over the medium to long term are in line with our expectations," said JPMorgan analysts Raul Sinha and Vivek Gautam."With the clarity provided to the industry, we believe that UK banks under our coverage don't need material shifts in strategy to meet these requirements and are on track to be clear on capital requirements post the stress test (results 16 December) which bodes positively for dividends."
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26 Jun 2023 08:55

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(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

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26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

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23 Jun 2023 15:50

UK banks agree limited mortgage relief measures for stressed borrowers

LONDON, June 23 (Reuters) - British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates.

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23 Jun 2023 14:15

UK Chancellor Hunt agrees measures with banks to cool mortgage crisis

(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support.

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23 Jun 2023 13:12

UK's Hunt: Agreed measures with banks to ease mortgage payments strain

LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with bank lenders on Friday to help ease the pressure on mortgage holders of raising interest rates.

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23 Jun 2023 12:09

LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries

(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer.

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22 Jun 2023 07:00

UK banks to ramp up data sharing in dirty money crackdown

Lloyds, NatWest among major banks involved in trials -sources

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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21 Jun 2023 11:57

UK's Hunt says banks must honour commitments on mortgage help

LONDON, June 21 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates.

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20 Jun 2023 12:28

UK's Hunt to meet lenders to discuss mortgage forbearance

LONDON, June 20 (Reuters) - British finance minister Jeremy Hunt on Tuesday said he would meet major lenders later this week to ask them to show forbearance towards households who struggle to pay rising mortgage bills.

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9 Jun 2023 14:02

Broker tips: Hammerson, Lloyds, British Land, Landsec

(Sharecast News) - Barclays upgraded Hammerson on Friday to 'overweight' from 'underweight' and lifted the price target to 30p from 25p.

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9 Jun 2023 09:45

Citi removes Lloyds from 'EMEA Focus List', keeps at 'buy'

(Sharecast News) - Citi removed Lloyds Banking Group from its 'EMEA Focus List' on Friday as it pointed to headwinds in the second quarter.

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9 Jun 2023 09:38

LONDON BROKER RATINGS: Stifel thinks B&M shares offer value

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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8 Jun 2023 14:56

Broker tips; NatWest, Lloyds, Rio Tinto

(Sharecast News) - JP Morgan sees better risk reward in NatWest Group relative to Lloyds Banking Group, it said in a note published on Thursday on UK banks.

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