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johnygreenfeet
"did a child write this article not very convincing"
Fool

Lloyds share price has also dragged down the bank’s market value. Today, the UK’s largest retail bank is worth a mere £17.4bn, which makes it an absolute minnow on a global scale.

https://www.fool.co.uk/investing/2020/09/24/the-lloyds-share-price-is-down-a-disastrous-61-in-2020-heres-how-id-profit/

https://www.fool.co.uk/investing/2020/09/23/better-buy-lloyds-shares-vs-this-ftse-250-bank/

jobs continued to be cut at a fierce rate in
September as firms sought to bring costs down amid weak demand, meaning unemployment is likely to soon start rising sharply from the current rate of 4.1%. The indication from the survey that growth momentum is quickly lost when policy support is withdrawn underscores our concern over the path of the labour market once the furlough scheme ends next month, and raises fears that growth could fade further as we head into the winter months, especially as lockdown
measures are tightened further.

Bc2020
I think the s/p is going to struggle to get over 30p until December when we get are no deal brexit, then the UK can trade in an open world market and Lloyds will be 65p

UK recovery loses momentum in September and business outlook
drops to its weakest since May

UK Manufacturing Output Index
Sep: 59.3, 2-month low (Aug final: 61.0)

UK Services Business Activity Index
Sep: 55.1, 3-month low (Aug final: 58.8)

Lloyds is viewed as a bellwether for the British economy

Non-essential spending only up 2% year on year in Scotland

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/bank-of-scotland/non-essential-spend-returns-to-growth-for-the-first-time-in-scotland-since-the-pandemic-struck/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

22 September 2020
Non-essential spending up 4% year on year, the first period of growth, since February 2020

Eat Out to Help Out gets diners spending, up 5% in August, compared to last year

Essential spend up 2% year on year as more people return to work

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-bank/non-essential-spend-returns-to-growth-for-the-first-time-since-the-pandemic-struck/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

Lloyds have already given notice to some customers, The move to close accounts at 11pm on December 31 will reportedly leave 13,000 Brits without bank accounts in the country.
By law, UK banks will have to apply for new banking licences if they want to continue providing services for British customers living in the EU.

Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks

Leaving the European Union has raised hopes of a regulatory "Brexit dividend" that will help banks and insurers in Europe's biggest financial centre maintain global competitiveness.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUSKCN26D112

Thousands of Britons living in the EU will have their UK bank accounts closed by the end of the year because of the UK’s failure to agree a post-Brexit trade deal.
Lloyds Banking Group, which includes Halifax and Bank of Scotland, has contacted its 13,000 customers in the Netherlands, Slovakia, Germany, Ireland and Portugal, warning them they must make alternative arrangements as the bank is no longer allowed to offer services.

https://www.theguardian.com/money/2020/sep/21/britons-eu-uk-bank-accounts-closed-lloyds-barclays-brexit

Andrew Bailey has downplayed the prospect of negative interest rates in the future as he sought to downplay the market's rising expectations for future interest rate cuts, Bailey said on Tuesday that negative interest rates have proven to be a "mixed bag" for those countries that have already introduced them.

Britons stay downbeat about their finances in September - IHS Markit
Mon, 21 September 2020, 9:34 am BST·1-min read
People gather outside a shop in the Chinatown area, amid the coron British households' confidence about their finances remained low in September, and showed no sign of returning to pre-pandemic levels, according to a survey which raises questions about the durability of the current bounce back in retail spending.

The IHS Markit Household Finance Index held at 40.8 in September, unchanged from August and some way below the level of around 44 where it fluctuated through 2019.

Job worries intensified for the first time since the depth of the pandemic, as a government support scheme for several million workers ends next month with no replacement in sight.

https://uk.finance.yahoo.com/news/britons-stay-downbeat-finances-september-083423113.html

Tourism and recreation joined other UK sectors outpacing global recovery trends in August

21 September 2020
13 of the 14 UK sectors tracked by Lloyds Bank’s UK Recovery Tracker were ahead of the global recovery benchmark in August.

Transport was the only UK sector to report a decline in output in August, with automotive, healthcare, chemicals and tourism and recreation experiencing the fastest increases in output.

However, a month-on-month comparison reveals the output growth of seven UK sectors, including metals and mining, beverages and food and household products, is starting to slow.

At an international level, UK output growth outpaced other countries in Europe in August following historic lows in Q2 2020.

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-bank/tourism-and-recreation-outpacing-global-recovery-trends/?optoutmulti=0:0|c1:1|c3:0|c5:0|c4:0|c2:0&optmessage=1

Triflepig
"I read it on here"

This is your research for posting 45p in 2020 are you invested in Lloyds

singe
"The current fall in Lloyds is just the general fall in banks around the world,Deutsche is off 6%"

Deutsche bank was one of the banks involved in the money laundering scandal

Triflepig
"45p + 2020"
Can you show us what research your looking at for the share price to double in 4 months

The recent rumours that the Bank of England could introduce negative interest rates is also bad news for the bank. Until now, the Bank of England has kept the base rate at 0.1%, arguing that negative interest rates would make mortgage lending unprofitable and force banks into financial difficulties. Even so, there is now talk of considering negative interest rates within the UK. This would not be good news for any banks, but it would be especially bad for the heavily UK-focused Lloyds.

https://www.fool.co.uk/investing/2020/09/20/with-the-lloyds-share-price-at-under-26p-is-there-further-to-fall/

Lloyds being a bellwether for the UK economy

negative interest rates, no dividend, October 31 end furloughing, March 31 temporary stamp duty concessions ends, brexit no trade deal

Lloyds/Halifax has 267 billion of outstanding home loans while the book is sold their is a substantial tail of struggling borrower's, 37000 were more than 3 months in arrears on £4.6 billion of loans at the end of June. While 472000 mortgage borrower's were sufficiently stretched to ask for a payment holiday. At the half year it lifted its provision for mortgage bad debts 16-fold to £603 million
DYOR

The struggling and undervalued banking giant
Shares in Lloyds Banking Group (LSE: LLOY) have been hit hard so far this year. The shares are down 60%.

https://www.fool.co.uk/investing/2020/09/19/uk-shares-to-watch-here-are-the-shares-i-think-could-do-well-in-whats-left-of-2020/