focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 54.68
Bid: 65.40
Ask: 46.33
Change: 0.18 (0.33%)
Spread: -19.07 (-29.159%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 54.50
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Oriel says buy Lloyds on TSB IPO and improving yield

Thu, 29th May 2014 11:32

Broker Oriel said Lloyds Banking Group's offloading of TSB should enhance net interest margin (NIM) for Lloyds and, with a rising dividend yield, has reiterated its 'buy' recommendation on the bank.With a Tier 1 capital (CET1) ratio of 10.7% and leverage ratio of 4.5% at the end of the first quarter, and the underlying business generating 70 basis points of CET1 during the quarter, Lloyds's capital position is now "substantially improved and the story has shifted towards earnings quality and dividend paying potential", Oriel suggested. "So while TSB valuation expectations may be under pressure, which is likely to negatively impact book value forecasts, the disposal of TSB should be NIM enhancing for Lloyds, reflecting lower asset margins in the TSB book," analyst Vivek Raja wrote. "This improvement should become apparent once TSB is deconsolidated, which will depend on how quickly Lloyds sells down its stake." The European Commission requires Lloyds to have fully disposed its interest by the end of 2015. Furthermore, Oriel view consensus dividend expectations as "too low" and forecast yield to rise close to 7% by 2016. Although some forthcoming risk to mortgage risk-weighted assets exist, Lloyds is also the dominant UK bank and therefore exposed to the improving UK macro story, as evidenced by the improving credit quality trend and the sustained pace of non-core deleveraging. "While the UK housing market may be showing cooling signs, which will impact Lloyds' mortgage business, slower balance sheet growth is no bad thing in the context of capital, a subject the regulator remains hawkish about. We continue to see earnings expectations as well underpinned, with further scope to improve quality through cost efficiency, impairments and NIM." OH
More News
26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

Read more
26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

Read more
26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

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

Read more
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

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

Read more
26 Jun 2023 07:56

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

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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

*

Read more
21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

*

Read more
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.

Read more
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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.