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Prices & Quotes - UK Markets - Lloyds Banking Group (LLOY)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 46.56p
Change Today:
0.35p
Market Cap:
33,033m
Sector:
Banks

Credit Suisse reiterates 'positive' stance on UK Banks

By Alexander Bueso

Date: Monday 12 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Credit Suisse reiterated their "positive" stance on UK banks ahead of the start of the earnings season for the sector.
To back up their arguments, they pointed to the improving economic and rate outlook and "cheap" valuations relative to history.

Linked to the former, their estimates for earnings in 2022-23 were ahead of consensus based on their view of the current yield curve for margins and recovered returns.

For the first quarter specifically, the "stand-out" area of performance was expected to be Capital Markets, with financial markets likely to see through weak revenues on the consumer side, such as from credit cards.

Credit Suisse also saw scope for "surprises" when it came to asset quality.

Furthermore, thus far in the year, the UK had seen the highest gross domestic product and unemployment upgrades.

Against that backdrop, their stated preference was for shares of UK domestic lenders over UK internationals - with their 'top pick' being Lloyds.

Lloyds was not exposed to Capital Markets but it stood to gain the most from the improved outlook.

The Swiss broker meanwhile was at 'neutral' for HSBC and 'underperform' on StanChart.

"Among the most meaningful risks to our calls are the path of the coronavirus and restrictions in the UK, and Scottish politics and a potential push for a second referendum, which we wrote about in our note Scottish elections and bank concentrations."

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LLOY Market Data

Currency UK Pounds
Price 46.56p
Change Today 0.35p
52 Week High 46.86p
52 Week Low 23.98p
Volume 123,457,630
Shares Issued 70,954m
Market Cap 33,033m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

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Value
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 12
Buy 2
Neutral 7
Sell 1
Strong Sell 1
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LLOY Dividends

  Latest Previous
  Final Interim
Ex-Div 15-Apr-21 08-Aug-19
Paid 25-May-21 13-Sep-19
Amount 0.57p 1.12p

Trades for 07-May-2021

Time Volume / Share Price
16:35 31,271,555 @ 46.56p
16:29 19 @ 46.46p
16:29 5,679 @ 46.46p
16:29 3,991 @ 46.46p
16:29 5,798 @ 46.47p

LLOY Key Personnel

Chair Robin Budenberg