Last checked at 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.
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Share Price Information for Lloyds (LLOY)
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Share Price:
54.08
Bid:
54.06
Ask:
54.10
Change:
-0.10 (-0.18%)
Spread:
0.04 (0.074%)
Open:
54.52
High:
54.66
Low:
54.04
Prev. Close:
54.18
Last checked at -
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Don't have an account? Click here to register.Sector movers: Banking stocks surge on leverage ratio rules, RBS results
Fri, 31st Oct 2014 15:02
Banking stocks, already bolstered by stronger-than-expected quarterly results from RBS, received another big lift on Friday afternoon as the Bank of England unveiled softer-than-expected requirements for leverage ratios.The leverage ratio, a key gauge of a bank's ability to cushion itself against losses, measures the proportion of the bank's lending that is funded by equity. It had been provisionally set at 3% under Basel's global rules but the Bank of England was widely expected to unveil stricter requirements.The FPC said at 14:00 that the leverage ratio of the UK's largest banks would need to be 4.95%. However, when excluding a 0.9% 'counter-cyclical leverage ratio buffer' 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.Barclays, which had been most at risk from the rule with the lowest leverage ratio among its peer group at just 3.5%, surged in response to the news, up 8.1%.A spokesman for Barclays said that bank "welcome[d] the certainty" the new requirements provide, and that it is "well on track" to reach the target of a ratio in excess of 4% in 2016. "Therefore we are very confident that we will exceed the requirements set out today with our existing plans," he said.HSBC rose 1.8% while Lloyds jumped 2.4%.RBS, meanwhile, was 6.2% higher after saying it swung to a profit of nearly £1.3bn in the third quarter of 2014, compared with a loss of £634m the year before and ahead of the £1.1bn expected by analysts.The part-nationalised lender also confirmed that it would be keeping Irish arm Ulster Bank following a strategic review.Top performing sectors so far todayTechnology Hardware & Equipment 1,075.99 +3.25%Banks 4,483.42 +2.86%Industrial Transportation 2,904.98 +2.65%Chemicals 10,016.51 +2.52%Financial Services 7,933.59 +2.30%Bottom performing sectors so far todayFixed Line Telecommunications 4,223.21 -0.13%Mining 15,003.00 -0.10%
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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 more26 Jun 2023 07:56
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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 more23 Jun 2023 15:50
UK banks agree limited mortgage relief measures for stressed borrowers
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Read more23 Jun 2023 14:15
UK Chancellor Hunt agrees measures with banks to cool mortgage crisis
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Read more23 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 more23 Jun 2023 12:09
LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries
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Read more22 Jun 2023 07:00
UK banks to ramp up data sharing in dirty money crackdown
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*Read more21 Jun 2023 17:18
London stocks fall after inflation data shock, homebuilders slump
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*Read more21 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 more20 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 more9 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 more9 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.
Read more9 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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