Record profits for Lloyds Banking Group

Feb 22, 2018, 00:48
Record profits for Lloyds Banking Group

The share buyback was predicted in ‎a recent research note by analysts at Credit Suisse (IOB: 0QP5.IL - news), who said there was scope for as much as £15bn to be returned to Lloyds shareholders by the end of 2020.

Lloyds Banking Group Plc (NYSE:LYG) has a market cap of $67.14 Billion and the number of outstanding shares have been calculated 17.39 Billion. Impaired loans as a percentage of closing advances were 1.3%, down from 1.4%.

The ban applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA customers, but it does not extend however, to debit cards.

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Shares of Lloyds Banking Group Plc (NYSE:LYG) now have an Average Brokerage Recommendation of 2.5, number of Recs in ABR is 4 while industry rank of the company by ABR is 217 out of 265.

Lloyds Banking Group shares are in the green this morning, albeit off their opening highs, as investors appear happy to ignore headwinds and focus on management's plans to improve key areas of the business (namely tech), or maybe just the promise of greater shareholder returns. They now have a buy rating on the financial services provider's stock. The stock presently has an average rating of Buy and an average price target of GBX 76.23 ($1.05). Lloyds Banking Group has a 1-year low of GBX 61.81 ($0.85) and a 1-year high of GBX 73.58 ($1.02). A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile.

The stock traded on impressive volume of 4.04 Million comparing to the average volume of 4663.43 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The stock has been trading in a positive spotlight, based on the latest price movement of 0.26% Last Trading sentiment pushed the share value at $3.89.

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Performance and Volatility Review: Shares have faced volatility of 1.80% over the last five days and experienced monthly volatility of 1.83%.

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These will drive the company's transformation into a digitised, simple, low risk, customer focused United Kingdom financial services provider and deliver. This includes an "integrated group propositon" for retirement savings and investment.

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