Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 55.80
Bid: 55.80
Ask: 55.82
Change: 0.26 (0.47%)
Spread: 0.02 (0.036%)
Open: 55.58
High: 55.92
Low: 55.38
Prev. Close: 55.54
LLOY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker snap: Goldman upgrades RBS on potential upside

Mon, 25th Mar 2013 09:11

Goldman Sachs has taken Royal Bank of Scotland off its 'sell' list, saying that the expected earnings dilution from potentially higher capital regulations is already priced in to the stock.The broker explained that earnings dilution risk at both RBS and Lloyds has risen over the past few months, with the Financial Policy Committee (FPC)/Financial Services Authority (FSA) looking at whether UK banks currently overstate their capital positions and if they need additional capital resources.Meanwhile, Goldman said that full-year 2012 results from both companies highlighted various corporate actions that will impact their respective capital ratios, business mix and returns in the future.Nevertheless, analysts said that the core operations of RBS and Lloyds remain positioned to generate returns that meet or exceed their cost of equity following the execution of planned actions. Furthermore, they believe that dilution risk from here is "moderate" with base-case estimates for 2013-2015 non-core losses falling; core capital ratios for both groups are expected to "gradually trend upwards" over the coming periods, the broker said.Goldman said: "While the results of the FPC/FSA capital examination exercise have yet to be released, we view the announced strategic actions at RBS as anticipating its outcome. Against this backdrop, and with the stock having underperformed the sector and the other UK banks in our coverage by 12% and 16% respectively since end-January and offering 23% upside to our revised price target, we upgrade the stock to 'neutral' from 'sell'."The target price for RBS has been raised from 340p to 360p.As for Lloyds, Goldman said that it has options to boost is loss-absorbing capacity without materially diluting earnings. The target price has been raised from 57p to 60p and a 'neutral' rating was kept.BC
More News
29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
26 Jun 2023 17:39

UK banks face profit hit from rising threat of economic hard landing

(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy.

Read more
26 Jun 2023 16:28

UK finance minister Hunt says banks are slow to pass on rate hikes to savers

LONDON, June 26 (Reuters) - Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

Read more
26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

Read more
26 Jun 2023 10:10

JPMorgan downgrades Lloyds to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

Read more
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

Read more
26 Jun 2023 07:40

Broker tips: Lloyds, Cranswick, On The Beach

(Sharecast News) - JPMorgan Cazenove downgraded its stance on Lloyds on Monday as it took a look at UK banks.

Read more
23 Jun 2023 15:50

UK banks agree limited mortgage relief measures for stressed borrowers

LONDON, June 23 (Reuters) - British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates.

Read more
23 Jun 2023 14:15

UK Chancellor Hunt agrees measures with banks to cool mortgage crisis

(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support.

Read more
23 Jun 2023 13:12

UK's Hunt: Agreed measures with banks to ease mortgage payments strain

LONDON, June 23 (Reuters) - British finance minister Jeremy Hunt said he had agreed new measures with bank lenders on Friday to help ease the pressure on mortgage holders of raising interest rates.

Read more
23 Jun 2023 12:09

LONDON MARKET MIDDAY: Housebuilders bear brunt of rate hike worries

(Alliance News) - Stock prices in London were lower heading into Friday afternoon, as a poor week for equities continued, with investors fretting over the prospect of central banks keeping interest rates higher for longer.

Read more
22 Jun 2023 07:00

UK banks to ramp up data sharing in dirty money crackdown

Lloyds, NatWest among major banks involved in trials -sources

*

Read more
21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

*

Read more
21 Jun 2023 11:57

UK's Hunt says banks must honour commitments on mortgage help

LONDON, June 21 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that mortgage lenders had to live up to their commitments to help borrowers struggling with higher interest rates.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.