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We ill have another year of buybacks no special divi and S/P going sideways and Lloyds making billions and chief executive take home pay 6 million

https://www.forbes.com/sites/brettowens/2018/07/22/why-bank-stocks-are-set-to-double-and-1-surprising-buy/#11295dd886cb

mortgage specialist bank Paragon today told investors it was on track to deliver expected year-end results, with higher takings from mortgages and commercial lending.

The banking challenger said mortgage lending totalled £409.4m for the period between 1 October 2017 and 30 June 2018, as the business aims for year to date lending of £1.1bn, up from last year's total of £1.06bn.

Commercial lending came in at £179.7m for the period - meaning end of year results should come in far higher than 2017's figure of £285m, at £449m.

Net loan growth is expected to come in at £393m for the year, a boost from 2017's total of £335m.

Paragon recently announced the acquisition of residential property development finance business Titlestone, which is expected to enhance post tax profits further.

The group continues to make strong progress towards its objective of being a leading specialist bank. The core buy-to-let business continues to see strong demand from professional landlords and the addition of Titlestone is expected to accelerate the growth of our Commercial Lending arm. We remain on track to achieve our 2018 targets and the business is well-placed to make further strong progress in 2019.

The market is open lets keep Lloyds related. You can go on Facebook have your alf garnett rants

Crazy Mary Ginsburg has a knack for picking low-priced stocks Lloyds Banking Group (LYG-$3.30) is a $65 billion-revenue bank with 2,067 branches run by 75,000 employees and has been doing business with Londoners since 1695. In the early part of this century, LYG traded between the $40s and the $60s; then the market finally collapsed, and revenues imploded. Income also imploded, and so did the price of LYG. This is the U.K.'s fourth-largest bank. It offers services through the Bank of Scotland, Halifax, Scottish Widows et al. And LYG's business is improving. In 2017, LYG's net income was $4.8 billion, 45 percent higher than 2016, and this year, LYG should post impressive results. The 16-cent dividend, which may be increased before the year ends, yields 4.8 percent. LYG seems to be a good name and, if Crazy Mary's right, a good capital gain. https://newsok.com/article/5601872/taking-stock-for-speculators-a-few-cheap-and-risky-stocks-to-consider?

Forget the holidays, I’m banking on a summer of thrills
Evening Standard - West End Final Extra20 Jul 2018Jim Armitage City Editor

THE quiet holiday weeks are finally upon us, but the banking world will remain a cauldron of gossip, speculation and the occasional real news story.

The usual quarterly results are coming up, but more intriguing will be publication of the Financial Conduct Authority’s probe into RBS’s Global Restructuring Group (mis)handling distressed companies.

You’ll recall that this was the scandal in which SMEs who got into a cash squeeze during the financial crisis were put into special measures by RBS often ending in a brutal march to the administrators.

Having been accused of sitting on the results of previous inquiries, it’s unthinkable the FCA watchdog won’t have stern actions in mind. In its armoury will be enforcement actions and fines, or it may choose to go after senior individuals. Expect an ugly announcement in the coming days.

Another real event — also on RBS’s watch — could be the US ratification of the $4.9 billion (£3.8 billion) fine the bank has agreed to pay the Department of Justice over the sale of toxic mortgage-related products before the financial crisis.

This rubber stamping by the US authorities is one of the two keys that will unlock the return of dividends to RBS’s long-suffering shareholders. The other is passing this year’s regulatory stress tests, which seems a foregone conclusion.

As for the more speculative stuff, Barclays’ strategy under Jes Staley will continue to be sniped at through the summer months. Activist investor Edward Bramson is winning fans in the City for his push to exit less profitable areas of investment banking and focus on the the UK commercial and retail bank.

That would be typical London

short-termism to sacrifice the last proper European investment bank to the behemoths on Wall Street. But I feel like I’m in the minority.

Expect to hear more gossip about Deutsche Bank scrapping investment banking. High-ups there are beginning to talk openly about resuming the idea of a merger with Commerzbank. Such a deal would bring big savings to the two banks’ German retail operations, but be hugely complex and take years to do.

Then there’s the one question all the senior bankers are asking lately: is it true that Lloyds’ Antonio Horta-Osorio has been having tête-à-têtes with Standard Chartered’s Bill Winters? And what are they discussing; the weather? Surely not.

UK BANKS' RESULTS COULD BE ALRIGHT (1425 GMT) UK banks' results could be something to look forward to, according to Morgan Stanley analysts, though they admit that economic uncertainty could weigh on multiples. "In a tough European environment, we expect a relatively robust set of results in the UK with RBS announcing its new dividend policy, Lloyds potentially upgrading its NIM guidance, and HSBC delivering growth," say Morgan Stanley analysts in a note. Among positives, MS point to resilient mortgage growth, easier comparables than U.S. peers for investment banking revenue and the expectation that impairments will remain benign. Lloyds is set to reporting half-year earnings on Aug 1, Barclays on Aug 2, RBS on Aug 3 and HSBC on Aug 6. On the chart below you can see that it hasn't exactly been a fabulous year for banks but you never know, maybe a decent set of results will give them a nudge higher especially if the BOE decides to hike rates.

Lloyds Banking : ' Private Equity Arm to Sell NEC for Around GBP800 Million -Sky News Envoyer par e-mail 07/20/2018 | 02:38 pm --The private-equity arm of Lloyds Banking Group has appointed bankers to lead the sale of exhibition-and-events company NEC Group at a valuation of GBP800 million, reports Sky News, citing unknown sources. --The sale has come sooner than expected, potentially to secure a deal ahead of the U.K.'s exit from the European Union, and would represent Lloyds Development Capital's biggest-ever investment exit, Sky says.

https://theukdatabase.com/elm-guest-house-child-sexual-abuse/

HSBC : Lloyds cedes mortgage share to RBS and HSBC Envoyer par e-mail 07/19/2018 | 06:21 am LLOYDS lost market share in UK mortgages last year as Royal Bank of Scotland (RBS), HSBC and a host of challengers gained, according to figures published yesterday. Competitors to Lloyds bit off almost one per cent of its market share, which fell from 22.1 per cent to 21.2 per cent of mortgage balances outstanding in 2017, the data from industry body UK Finance show. RBS leapfrogged Barclays to become the fourth biggest lender, after growing mortgage balances by almost seven per cent to reach £136.3bn. Meanwhile, HSBC grew its market share by 0.25 percentage points. Lloyds enjoys a dominant position in the UK mortgage market, a legacy from its financial crisis-era merger with HBos, the umbrella company for Halifax and Bank of Scotland. However, the new data, which cover 97 per cent of the UK market, also illustrate the rapid growth of challenger bank and building society competitors to Lloyds and the rest of the "Big Six". The rate of increase in total lending slowed from 11 per cent in 2016 to four per cent year-on-year in 2017, hitting a total of £257bn. Growth in new lending was strongest among lenders ranked 21-30 in 2017, UK Finance said. The smaller lenders lent £3bn more for mortgages than the equivalent group in 2016 - a growth rate of 40 per cent. Virgin Money, Leeds Building Society (BS), Principality BS, and One Savings Bank all grew their mortgage balance sheets by well over 10 per cent during the year, while Metro Bank's new mortgage lending was 50 per cent up, adding 0.19 percentage points of market share.

Lloyds Banking Group LLOY
Real-time BATS EUROPE - 07/18 03:35:09 pm
62.44GBp-0.02%
Lloyds Remains Top U.K. Mortgage Lender as Challenger Banks Grow Rapidly
Envoyer par e-mail
07/18/2018 | 04:16 pm

By Adam Clark

Lloyds Banking Group maintained its dominance in the U.K. mortgage market in 2017 but specialist and smaller lenders grew rapidly, as an uncertain British economy failed to deter competition to provide housing loans.

Lloyds increased its gross lending by 7% to 41 billion pounds ($53.5 billion) in 2017, according to figures from industry body UK Finance. This increased Lloyds' market share of gross lending to 16% from 15.5% in 2016.

The domestic U.K. bank also remained the leading lender by outstanding mortgage balances with GBP290.3 billion, but its market share fell to 21% from 22%.

Behind Lloyds, the next three largest gross lenders--Nationwide Building Society, Royal Bank of Scotland Group, and the U.K. arm of Banco Santander--all recorded lower volumes than in 2016. Meanwhile, challenger banks and specialist lenders delivered an almost 20% increase in lending activity, said UK Finance.

RBS overtook Barclays to become the fourth-largest lender by balances outstanding, having increased its total book size by 7%. Nationwide and Santander remained the second and third-largest lenders by book size, respectively.

UK Finance said that overall it saw more lenders competing for business and gross lending continuing on an upward trend. The organization said the pace of lending in 2018 so far has outpaced its prediction of gross lending of GBP260 billion, representing 2% growth, largely due to stronger-than-expected remortgage activity.

Top White House economic adviser Larry Kudlow said the administration expects a significant free trade offer to come from the European Union soon. "We will be in discussions," he said. "I am told he's bringing a very important free trade offer." https://www.cnbc.com/video/2018/07/18/kudlow-no-recession-in-sight-right-now.html

Trump advisor Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming https://www.google.co.uk/amp/s/www.cnbc.com/amp/2018/07/18/trump-advisor-kudlow-says-economic-growth-could-top-4percent-for-a-quarter-.html

The focus of Lloyds Banking Group’s results should be squarely on its future strategy, which should overshadow a small miss on fourth-quarter underlying profit, Morgan Stanley analyst Alvaro Serrano said. The market agreed, sending the shares up as much as 3%. The bank’s guidance on operating-cost reductions by 2020 was better than expected, while below-the-line charges will likely abate, according to UBS analyst Jason Napier. Investment in digital banking to boost efficiency should help to “de-risk the outlook,” Underlying profit missed consensus by 4%, but “focus should be on the strategy plan.” Notably, the net interest margin should remain resilient over the course of the plan thanks to more room to reduce the cost of funding and a steeper yield curve. Guidance from Lloyds for operating costs to be below 8 billion pounds a year by 2020 is better than consensus and “more importantly it signals a large reduction in below-the-line items as PPI charges should come to an end in 2019.”

Between 1991 and 2016, the average English house price increased from £55,000 to £232,000, an increase of 320%. When factoring in inflation, according to the Consumer Price Index, the increase amounts to 137%. https://fullfact.org/immigration/have-house-prices-risen-because-immigrants/

Arbuthnot Banking Group today reported a 40 per cent jump in profits as it announced a new specialist lending arm to boost its profitability. The group, a holding company for the Arbuthnot Latham lender as well as a stake in Secure Trust Bank, earned profit before tax of £3.5m in the first six months of 2018, up from £2.5m last year. Earnings per share rose from 17p in the first half of 2017 to hit 22p. The bank also announced it will increase its interim dividend from 14p to 15p

This got posted yesterday old news

Graeme Evans, his charts look good , price target 87p

Lloyds is not yet as profitable as investors would like it to be. However, it has put in place an aggressive growth strategy. It has acquired MBNA, while also now being in the position to invest up to £3 billion in a digital growth strategy which will see it focus increasingly on customer service. As a result, I think that the PE ratio of 9 and the dividend yield in excess of 5% which are currently on offer from the bank could hold significant appeal. Of course, UK economic uncertainty could mean that the Lloyds share price fails to perform well in the short run. But with what seems to be a strong strategy which could yield improved results further down the line

UK banks need a interest rate rise in August without a rise the banks have no loan growth. UK along with many other western economies remained deeply affected by 2008 financial crisis MPC meets next month and is expected to increase the base rate from 0.5% to 0.75%