Member Info for seany123

Lloyds & JPM presentation, happy listening 👂 👂

https://view.knowledgevision.com/presentation/05d28592267f44598fafb6943105974f

Very very negative

Bye 👋 bye ✋

Glencore? That was a year or so ago I think. Done ok and sold out. Lloyds now cheap, good dividend lots of uncertainty, think about Warren Buffetts favourite words!!

67S.

I actually thought it was very positive and felt he shrugged off the car commission thing well by pointing out the profit centres, ie improving better NIM, interest rates remaining postive for banks, structural hedge, continuous capital generation and distribution etc etc. and explanation agasint other banks share price.

An honest presentation in all from me.

I come away thinking good opportunity to buy.

Did anyone watch this today?

What did you think? 🤔

Https://uk.finance.yahoo.com/news/down-nearly-18-52-week-090000092.html?form=MG0AV3

You have a sell button 🤪🤪

I think this could have a lot of hype based on PPI and the banks will push back like an old mule

Lloyds can afford £1B pa for five years, sad but true!!

25B over 5 years

Woods set out the Bank of England's response as it published its twice-yearly Financial Stability Report, which assesses the health of Britain's financial system and its ability to cope with major stresses both from the UK and globally.

The report said: 'Some lenders face uncertainty over the potential for redress payments associated with certain historic commission payments.'

Woods told reporters: 'We did not attempt to make a point estimate on that particular issue – what we did instead was take a crude but prudent approach.'

Instead, the Bank extrapolated assumptions it had made in previous 'stress tests' giving average annual costs of £5billion for 'conduct' issues and multiplied them over five years.

'That's a £25billion hit. Even while taking a hit of that size, the system still has plenty of headroom,' Woods said.

I think there is something in the wind!!!💨

A big US bank takeover in the UK would shake up competion in Financial Services in the UK??

Thoughts?

🤣🏁🤏🤏

J P Morgan or another big US bank!!

??

LLOY now with a market valuation lower than NatWest.

Is that good LTI??

LTI 🤏

Where's Scottish Widows. ?

Dear Seany123

Thank you for your email. We are sorry to note your disappointment with the Group’s performance.

The Board recognises the importance of returns for our shareholders both through share price appreciation and capital returns. This year we have issued an interim dividend that is 15% higher YoY at 1.06 pence per share and completed a £2bn buyback. Our robust capital generation of 132 basis points in the first nine months of the year has underpinned this approach, allowing us to return substantial value to our shareholders. In addition, the tangible net assets per share stood at 52.5 pence, reflecting the positive impact of our share buybacks. These results underscore the effectiveness of our capital distributions in enhancing shareholder value while maintaining a strong capital position. It is also worth saying that Lloyds’ share price is up 12% YTD, whilst that may be lower than hoped given Motor Finance concerns it still demonstrates the underlying value of the Group.

Furthermore, as stated in the 2024 Half Year Results, our focus on digital and mobile banking has resulted in over 22 million digitally active users, driving increased customer engagement and satisfaction. This digital push is expected to improve operational efficiency and attract a broader customer base, positively impacting share performance. We are also prioritising customer-centric services, launching new products like Invest Wise and Ready-Made Pensions propositions. These initiatives are designed to meet a broad range of financial needs and support customers in achieving their financial goals. This approach is likely to drive revenue growth and strengthen the Group's market position, contributing to share price appreciation.

In addition to our digital transformation and customer-centric services, we highlight further strategic initiatives to increase confidence and drive growth in the 2024 Half Year Results, including sustainability and ESG Initiatives, strategic investments, and growth in high-value areas. The full report can be found in the following link:

https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2024/q2/2024-lbg-hy-results.pdf

We remain focused on executing our strategic initiatives to drive sustainable growth and long-term value for our stakeholders, and hope that this helps to clarify the Group’s more recent performance and actions which should impact positively the share price.

Kind regards,

$ShareholderQuestions

The poor share price?