- Perception of the company's creditworthiness is neutral
- Bearish sentiment is low
- Economic output for the sector is expanding but at a slower rate
Short interest | Positive
Short interest is extremely low for L with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting L.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $4.32 billion over the last one-month into ETFs that hold L are not among the highest of the last year and have been slowing.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit default swap | Neutral
The current level displays a neutral indicator. Although L credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.
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