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The Bank of England said it would assess whether a suspension on payouts such as dividends and share buybacks by banks until the end of the year because of the pandemic should be extended.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL5N2EZ198

https://www.google.com/amp/s/www.fnlondon.com/amp/articles/european-central-bank-extends-bank-ban-on-dividends-and-stock-buybacks-20200728

Jenn
Thanks for the post they sum Lloyds up quite well
"I view Lloyds as a dog when it comes to its investment potential"

UK forecast to return to pre-pandemic levels in 2024
The Footsie trimmed some losses ahead of close but was still a little far away from the green, down only 9 points to 6,114.

Hopes for a V-shaped recovery were squashed earlier today by an EY Item Club report forecasting a return to pre-pandemic levels in 2024.

The UK economy is expected to return to growth in the quarter to September this year, though there will be pressure from consumer caution, unemployment and reduced business investment.

“Even though lockdown restrictions are easing, consumer caution has been much more pronounced than expected,” commented Howard Archer, chief economic advisor to the forecasting body.

“We believe that consumer confidence is one of three key factors likely to weigh on the UK economy over the rest of the year, alongside the impact of rising unemployment and low levels of business investment.”

“The UK economy may be past its low point but it is looking increasingly likely that the climb back is going to be a lot longer than expected.”

British Pound Strikes Four-Month High against Dollar 1.29

https://www.google.com/amp/s/www.standard.co.uk/business/not-for-the-faint-of-heart-is-it-time-to-buy-bank-shares-a4509566.html%3famp

"however its worth pointing out the last time Lloyds share price was over 80p UK banking sector metrics were very different compared to the present"

Lloyds has spent the past decade atoning for the 2008 financial crises where they were thinly capitalised and poorly run villains of the crisis.
This time Lloyds remain remarkably unscathed by the global dash for cash regulators deserve much of the credit there spent the past decade making banks more resilient.

BigEgo

Lloyds results this week might not look so bad the bank of England gave Lloyds a leeway with regards to the accounting for the potential losses, this could mean larger losses are coming down the line for q3 results. Meanwhile we got a no trade deal and now Spain got second lockdown. UK economy is bouncing back so we won't be seeing a 10% drop I think we'll see more sideways movement for the foreseeable future.

Hollybean

"dividend is very important until it's returned it's down down down for this share stock"

Lloyds share price was over 80p without a dividend payment

"Analysts have tipped Lloyds' half-year profits to tumble from £2.9billion to just £42million for the period ending June 30."

Next year's dividend payment isn't looking good with these figures

British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels, a survey and data published on Friday showed.

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKCN24P0U5

Stocks slides as China has ordered the closure of the US consulate in the south-western city of Chengdu, the latest in a tit-for-tat escalation between the two countries.

UK Flash composite PMI Economic Data
57.1 July vs 51.1 june
50 dividing line for growth

Lloyds is viewed as a bellwether for the British economy

UK Flash services PMI Economic Data
56.6 July vs 47.1 june
50 dividing line for growth

Lloyds is viewed as a bellwether for the British economy

Lloyds Banking Group Plc (Q2 2020 Earnings Release)
The share price has been drifting sideways since the heavy falls back in March. This highlights the difficult environment that Lloyds, which is UK focussed, faces in light of the current crisis. Profits have been falling and impairment charges rising. The CEO highlighted the crisis presents ‘an unprecedented social and economic challenge’. Do not expect much in the way of financial guidance and one analyst recently suggested it could take years for the group to recover.

We currently list Lloyds Banking as a HOLD

https://www.share.com/stock-markets-and-news/opinion-and-analysis/2020/july/companies-reporting-wc-27-july

2227
"The shares can not rise much until that policy is changed IMO"

Brexit no trade deal plus covid-19 is why the share price is this low

David bloom tells it as it is

https://mobile.twitter.com/bloombergtv/status/1284170734009569280

'V' good? How Britain's economic recovery is shaping up

https://uk.reuters.com/article/uk-health-coronavirus-britain-economy-gr/v-good-how-britains-economic-recovery-is-shaping-up-idUKKCN24O24F?il=0

UK manufacturing exports hit record low in Q2 2020

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-bank/uk-manufacturing-exports-hit-record-low-in-q2-2020/

snige

Brexit uncertainty could keep Lloyds at this level for the rest of the year. An agreement isn't going to be reached this month , a no trade deal has to be the working assumption and one the UK has to prepare for