Member Info for hardup

And some wanted less!

Confirmed MPC raise rates 0.5%

But interest rates need to change to change the margin.

"green all day 52p after 1% interest rate increase"
No way Bailey and co will raise rates 1% today. They will raise by 0.5% maximum IMO.

After FED raises rates 0.75%.....Wall Street down, US Banks down.....LYG down -3.65%, so looks like a down day today for SP.

The Fed's target policy rate is now at its highest level since 2008 - and new projections show it rising to the 4.25%-4.50% range by the end of this year and ending 2023 at 4.50%-4.75%.

Powell said the indicated path of rates showed the Fed was "strongly resolved" to bring down inflation from the highest levels in four decades and that officials would "keep at it until the job is done" even at the risk of unemployment rising and growth slowing to a stall.

"We have got to get inflation behind us," Powell told reporters. "I wish there were a painless way to do that. There isn't."

Some are not even trying to match the Fed's blistering pace of tightening, with the Bank of Japan on Thursday expected to hold fast to its ultra-easy policy and keep its policy rate at minus 0.1%, likely leaving it as the last major monetary policy authority in the world with a negative policy rate.

Others are making an effort to stay somewhat abreast of the Fed. The Bank of England, for example, is expected to lift its policy rate by at least half a percentage point on Thursday.

https://www.reuters.com/markets/europe/fed-set-big-rate-hike-waters-get-choppy-worlds-central-banks-2022-09-21/

SUFC
"BP share price on the 21/09/2021 ( 12 months ago ) 315p
BP share price on the 21/09/2022 ( 12 months ago ) 454p
Up a good 44%
Not done their share price any harm all this Media bushing ......lol
Lloyds today 48.50 plus 44% = 70p plus
So in 12 months Lloyds Banking Group will be 70p plus in 12 months
Remember our ( Lloyds ) Annual Yield is higher today as well and it's only going to increase over the next 12 to 18 months"

Don't get complacent! I doubt BP would have had such a rise if the Government had imposed a windfall tax on the oil companies! And if the new Truss Government go ahead with their idea's published today which would amount to a "stealth tax" on the UK Banks, that would impact EPS which could impact future dividend payments.

Hightrack,
"Still not got answer???? Any good idea or reason
Can anyone tell me please how and why lloyds share was 88p in 2015. in that time PPI and interest rate was ultra low.
Now no PIP and interest rate is good still its under 50p"
In 2015 UK was still in the EU, this was before the UK had the referendum in 2016. No COVID in 2015. No Russian invasion of Ukraine in 2015.

DT
Always posting old links/news! You should do a bit more research before posting. I posted that link at 14:25 today. lol

Putin threatening nuclear weapons use against NATO again!

Vladimir Putin has announced a partial mobilisation in Russia in a significant escalation that places the country’s people and economy on a wartime footing.

The president also threatened nuclear retaliation, saying that Russia had “lots of weapons to reply” to what he called western threats on Russian territory and added that he was not bluffing.

https://www.theguardian.com/world/2022/sep/21/putin-announces-partial-mobilisation-in-russia-in-escalation-of-ukraine-war

After 142 trading days, buyback complete to date:
Total shares to date.................................................3,771,694,970
Total Cost to date... ............................................... £1,679,866,983.47
Average price paid to date.......................................44.539p
Percentage of £2 billion buyback completed.........83.99%

Truss adviser says government has looked at reserves tiering.
Policy would amount to ‘stealth tax’ on banks, industry says.

UK Prime Minister Liz Truss’s new government has looked at changing the Bank of England’s money-printing program to save the UK taxpayer billions of pounds at a time when the public finances are under increasing strain.

Under the option, interest paid on some deposits held by commercial lenders at the BOE would be scrapped, potentially saving more than £10 billion a year, based on calculations with the benchmark interest rate at 2.5%.

The government has looked at the option and Truss is “aware” of the potential financial benefit, said Gerard Lyons, her external economic adviser. The prime minister has already unveiled a costly energy support package for households and businesses, and her chancellor, Kwasi Kwarteng, is due to outline details of planned tax cuts on Friday. The measures, which could cost up to £200 billion, will add to the swollen budget deficit.

UK bank stocks fell in London after the report, with NatWest Group Plc down 2.9%, Lloyds Banking Group Plc down 1.8% lower and Barclays Plc declining 2.4%.

https://www.bloomberg.com/news/articles/2022-09-21/uk-looks-at-qe-change-to-avert-10-billion-payout-to-banks?leadSource=uverify%20wall

"George Best liked being pickled !"
As the saying goes, monkey see monkey do. lol

Only MS and/or Lloyds can enlighten you as to why only 16 shares were purchased with todays buyback.

After 141 trading days, buyback complete to date:
Total shares to date.................................................3,771,694,961
Total Cost to date... ...............................................£1,679,866,979.13
Average price paid to date.......................................44.539p
Percentage of £2 billion buyback completed.........83.99%

lti
"If J46 was still alive he would be salivating with the US 10 year being over 3.5% with never ending Armageddon posts"
You are baiting him to provoke confrontation for your own personal agenda.

"Are those of you who didn't want shares bought back at as low a price as possible now a bit happier?"
Are you happy now that the opportunity to buy considerably more shares back at a far lower level than current SP has been missed because of an algo running the show?

SC
"Don't be surprised if the share price falls again on the day of the announcement. Markets will often attempt to price in future expectations of interest rate hikes and actions by the BoE."
The bit where you say markets will often attempt to price in future expectations of interest rate hikes and actions by the BoE is plausible. But not if the SP then falls when the BoE announces actions which are commensurate with what the market was expecting/hoping for.

Brixton
I guess your mate Nige never got the Kings job then! lol

VictorBlank,
The figures Laura2022 has quoted are from the half year results for Lloyds Bank Corporate Markets PLC notified by RNS on 16th September. Lloyds Bank Corporate Markets is the investment banking arm of Lloyds Banking Group.

https://en.wikipedia.org/wiki/Lloyds_Bank_Corporate_Markets

Hightrack,
"Any thoughts whats the highest lloyds share price can be will it reach £1 in 2023?"
Realistically given the BoE are forecasting the UK to be in a recession all of next year cannot see SP getting anywhere near £1, but I would not like to try and forecast a specific price. I think at best SP will stay static around these levels until we get further updates from Lloyds. Keep an eye on the Q3 Trading Update due 27th October and then 2022 Full Year results release date 22nd February 2023 which could potentially be drivers for an increase in SP.