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Prices & Quotes - UK Markets - Paragon Banking Group (PAG)

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:
Down 420.60p
Change Today:
-7.40p
Market Cap:
1,079.23m
Sector:
Financial Services

Wednesday preview: US Fed, Paragon Banking Group in the spotlight

By Alexander Bueso

Date: Tuesday 09 Jun 2020

LONDON (ShareCast) - (Sharecast News) - The market spotlight on Wednesday will be on the US central bank's outlook for the US and global economy and hence for monetary policy.


That, some observers believed, might have a bearing on the trend in longer-term bond yields, which in turn might impact on stockmarkets.

Also due out were readings for consumer prices in the People's Republic of China and in the US for the month of May.

No major economic releases were scheduled in the UK.

On the Continent, French industrial production data for April were expected to reveal a 20.0% month-on-month drop.

Speeches by European Central Bank governing council member Isabel Schnable and vice president Luis de Guindos were also scheduled.



Paragon Banking Group will publish its first half results on Wednesday, covering the period until 31 March.

UBS analysts have penciled in a 16% year-on-year fall in profits before tax to 67.2m on the back of a trebling in loan loss charges to an annualised 0.23% of average loans.

Before provisions, profits were seen 4% lower against a year ago and down by 7% on the half due to increased costs.

Revenues however were seen relatively stable with the net interest margin at 2.26%, against 2.24% one year back and the 2.27% seen during the previous half.

And with the interim dividend shelved on account of the pandemic, the lender's CET1 ratio was expected to climb by roughly 90 basis points to 14.6%.

Yet investors' focus would be on the outlook for credit losses, NII in view of the recent BoE rate cuts, longer-term capital positions as the group shifts towards internal risk-weighted-asset models and trends in buy-to-let mortgage markets, UBS said.

Wednesday 10 June

INTERIMS

Paragon Banking Group, Shaftesbury

INTERIM DIVIDEND PAYMENT DATE

BlackRock Greater Europe Inv Trust

QUARTERLY PAYMENT DATE

INTERNATIONAL BUSINESS MACHINES CORPORATION COM STK USD0.20 (CDI)

FINALS

Castings, LondonMetric Property, VP

AGMS

Adamas Finance Asia Limited (DI), Destiny Pharma , EKF Diagnostics Holdings , Ergomed , Flowtech Fluidpower, Gaming Realms, Highcroft Investment, Kosmos Energy (DI), TBC Bank Group

FINAL DIVIDEND PAYMENT DATE

Konami Holdings Corporation

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PAG Market Data

Currency UK Pounds
Price 420.60p
Change Today -7.40p
52 Week High 553.50p
52 Week Low 238.60p
Volume 234,914
Shares Issued 256.59m
Market Cap 1,079.23m

Performance Indicators

Compare performance with the sector and the market.

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PAG Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 04-Jul-19
Paid 17-Feb-20 26-Jul-19
Amount 14.20p 7.00p

Trades for 02-Dec-2020

Time Volume / Share Price
14:39 13 @ 420.60p
14:39 504 @ 420.60p
14:39 400 @ 420.60p
14:38 264 @ 420.60p
14:38 86 @ 420.60p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman
Chair Fiona Clutterbuck