LLOY.L - Lloyds Banking Group plc

LSE - LSE Delayed Price. Currency in GBp
62.49
+0.08 (+0.13%)
At close: 4:35PM BST
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Previous Close62.41
Open62.75
Bid61.00 x 2429200
Ask63.00 x 2154700
Day's Range62.00 - 63.05
52 Week Range60.50 - 72.68
Volume105,246,604
Avg. Volume212,586,866
Market Cap44.464B
Beta0.12
PE Ratio (TTM)12.02
EPS (TTM)5.20
Earnings DateAug 1, 2018
Forward Dividend & Yield0.03 (4.88%)
Ex-Dividend Date2018-04-19
1y Target Est76.58
  • BlackRock, Schroders Lead on Lloyds $144 Billion Mandate
    Bloomberg3 days ago

    BlackRock, Schroders Lead on Lloyds $144 Billion Mandate

    BlackRock Inc. and Schroders Plc are the frontrunners to oversee about 109 billion pounds ($144 billion) for Lloyds Banking Group Plc, one of the biggest mandates of its kind, people with the knowledge of the process said. Lloyds invited bids for the contract earlier this year after ending an agreement with Standard Life Aberdeen Plc, which currently manages the money. Representatives at Lloyds, BlackRock and Schroders declined to comment.

  • BlackRock, Schroders Are Frontrunners for Lloyds $144 Billion Mandate
    Bloomberg3 days ago

    BlackRock, Schroders Are Frontrunners for Lloyds $144 Billion Mandate

    BlackRock Inc. and Schroders Plc are the frontrunners to oversee about 109 billion pounds ($144 billion) for Lloyds Banking Group Plc, one of the biggest mandates of its kind, people with the knowledge of the process said. Lloyds invited bids for the contract earlier this year after ending an agreement with Standard Life Aberdeen Plc, which currently manages the money. Lloyds may select a sole winner or decide to split the mandate, the people said.

  • UK lenders expect consumer lending to pick up in third quarter - BoE
    Reuters5 days ago

    UK lenders expect consumer lending to pick up in third quarter - BoE

    British lenders expect demand for consumer borrowing to pick up in the third quarter, a Bank of England survey showed on Thursday, echoing signs of a broader recovery in the economy after a slow start to 2018. The BoE, which has been urging banks to avoid risks in their lending to households, also reported lenders intend to keep supply of mortgage lending broadly steady over the next few months. Earlier on Thursday the Royal Institution of Chartered Surveyors said British house prices remained flat in June and the market was likely to stay sluggish in the coming months despite more properties being put up for sale.

  • Reuters6 days ago

    UK watchdog warns financial firms over Big Data

    Britain's banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big Data on customers, which can include social media use, for example to price motor or health insurance more accurately. The use of Big Data requires good communication so that consumers understand and accept a firm's approach to using their data and don't end up being "disenfranchised", Randell said.

  • Co-op Bank names Andrew Bester its fifth boss in seven years
    The Telegraph8 days ago

    Co-op Bank names Andrew Bester its fifth boss in seven years

    Co-op Bank names Andrew Bester its fifth boss in seven years

  • Co-operative Bank hires new CEO from Lloyds
    Reuters8 days ago

    Co-operative Bank hires new CEO from Lloyds

    Britain's Co-operative Bank on Monday named Lloyds Banking Group (LLOY.L) executive Andrew Bester as its new CEO, as it strives to return to sustainable profitability following its $900 million rescue by U.S. hedge fund creditors last year. Bester will replace Liam Coleman, who announced his resignation in June after less than 18 months in the job, having overseen the bank's restructuring and recapitalisation. Co-op Bank needed to be rescued after its capital base dipped to levels unacceptable to Britain's financial regulators as it grappled with restructuring costs and weak income.

  • ACCESSWIRE11 days ago

    Breakfast Technical Briefing on Banco Santander and Three Other Additional Banking Stocks

    For today, WallStEquities.com evaluates Banco Santander S.A. (NYSE: SAN), Lloyds Banking Group PLC (NYSE: LYG), The Royal Bank of Scotland Group PLC (NYSE: RBS), and UBS Group AG (NYSE: UBS). Many times, these companies are multinationals and service many different countries.

  • UK banks told to show their backup plans for tech shutdowns
    Reuters12 days ago

    UK banks told to show their backup plans for tech shutdowns

    British banks and other financial services firms were given three months on Thursday to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyber attacks. With technology-related disruption on the rise in the sector, the Bank of England and the Financial Conduct Authority told financial services firms to report back by Oct. 5 on their exposure to risks and how they would respond to outages. "Operational disruption can impact financial stability, threaten the viability of individual firms and financial market infrastructures, or cause harm to consumers and other market participants in the financial system," FCA Chief Executive Andrew Bailey and BoE Deputy Governor Jon Cunliffe said in a joint statement.

  • Reuters12 days ago

    Britain's Lloyds offers $100 million so far to HBOS fraud victims

    Lloyds Banking Group (LLOY.L) has made compensation offers worth 76 million pounds ($100.46 million) to victims of a fraud at its HBOS Reading unit, lawmakers said on Thursday. 170 former directors of companies impacted by the fraud have so far been offered compensation, of whom 134 have accepted, Russel Griggs, who is overseeing the bank's compensation process, said in a letter published by lawmakers on Thursday. The compensation shows how Lloyds is still suffering from past misconduct, a decade on from the financial crisis and as its Chief Executive Antonio Horta-Osorio attempts to turn investors and customers' focus from past misdeeds to the bank's new strategy.

  • Lloyds offers £76 million so far to HBOS fraud victims
    Reuters12 days ago

    Lloyds offers £76 million so far to HBOS fraud victims

    Lloyds Banking Group (LLOY.L) has made compensation offers worth 76 million pounds to victims of a fraud at its HBOS Reading unit, lawmakers said on Thursday. 170 former directors of companies impacted by the fraud have so far been offered compensation, of whom 134 have accepted, Russel Griggs, who is overseeing the bank's compensation process, said in a letter published by lawmakers on Thursday. The compensation shows how Lloyds is still suffering from past misconduct, a decade on from the financial crisis and as its Chief Executive Antonio Horta-Osorio attempts to turn investors and customers' focus from past misdeeds to the bank's new strategy.

  • Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud
    The Telegraph12 days ago

    Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud

    Lloyds agrees to give MPs report into what it knew about HBOS Reading fraud

  • Britain's anti-fraud body closes investigation into rate rigging at Lloyds
    Reuters13 days ago

    Britain's anti-fraud body closes investigation into rate rigging at Lloyds

    More than a dozen employees at Lloyds Banking Group (LLOY.L) will be spared criminal trial for their part in the alleged rigging of the Libor benchmark, after Britain's Serious Fraud Office (SFO) closed its investigation due to lack of evidence. "Having thoroughly investigated and having reviewed the information available to it, the SFO has concluded there was insufficient evidence to take the matter further in respect of these individuals and banks," the SFO said in a statement on Wednesday. Lloyds declined to comment.

  • Reuters13 days ago

    Bank of England says no big changes to bank regulation on horizon

    British banks should not expect further major changes to capital or liquidity requirements now that the bulk of the Basel III reforms agreed after the financial crisis have been implemented, a Bank of England regulator said on Wednesday. Vicky Saporta, the BoE's executive director for prudential policy, said the central bank's focus in future would be on new risks, or unintended consequences of existing regulation. "The finalisation of Basel III signals that the wave of regulatory reform following the Global Financial Crisis is now over.

  • Financial Times13 days ago

    [$$] SFO drops Lloyds Libor criminal probe citing ‘insufficient evidence’

    The UK’s Serious Fraud Office has closed its long-running criminal investigation into alleged manipulation of the Libor interest rate benchmark at Lloyds Banking Group, saying there was insufficient evidence to bring a case. The move will be a relief for Lloyds, which was heavily criticised by the Bank of England after it paid £218m in 2014 to settle with US and UK regulators allegations of rigging benchmarks, including one used by the central bank to set fees on a funding scheme to support banks after the 2008 financial crisis. Overall, 22 employees of Lloyds and HBOS, which it acquired in 2009, were involved in or aware of the rigging of rates, the bank said at the time of its settlement four years ago.

  • Financial Times13 days ago

    [$$] HBOS fraud victims set to accept compensation from Lloyds

    for the long delays before it admitted wrongdoing and the slow progress in paying recompense for the fraud at HBOS, which it acquired after the 2008 financial crisis. Lloyds has made compensation offers worth a total of £76m to the victims of the HBOS fraud, of which £63m is for the distress and inconvenience they suffered on top of direct losses caused by criminal activity.

  • Financial Times13 days ago

    [$$] Lloyds faces landmark lawsuit over pensions equalisation

    A landmark legal action against Lloyds by members of the bank’s pension scheme could lead to a £20bn bill for thousands of other business, unions have warned. On Thursday, the High Court will begin hearing a case involving three female members of the Lloyds Banking Group pension scheme, who are claiming sex discrimination because their pensions increase at a lower rate than those of male members. Industry sources have estimated the potential cost to Lloyds from an equalisation ruling at £100m to £500m.

  • Lloyds to Face $669 Million Lawsuit Over Gender Gap in Pensions
    Bloomberg14 days ago

    Lloyds to Face $669 Million Lawsuit Over Gender Gap in Pensions

    Lloyds Banking Group Plc is facing a lawsuit this week over equal pension payments for women that could cost companies across the U.K. billions of pounds. The case at the High Court in London may cost Britain’s biggest mortgage lender as much as 508 million pounds ($669 million), said Mark Brown, general secretary at BTU, the largest independent labor union at the bank with over 30,000 members. In the legal action, three female members of Lloyds’s pension plan are claiming they were discriminated against because their retirement payments increase at a lower rate than male colleagues.

  • Reuters14 days ago

    Bank of England - some policymakers see possible case for higher bank capital buffer

    Some Bank of England policymakers saw signs that a capital buffer for banks might need to be raised in future, the BoE said, but a recent slowdown in risk appetite meant no change was needed for now. Britain's banks have been required to meet a so-called countercyclical capital buffer of only 1 percent of their risk-weighted assets as part of the BoE's attempts to avoid a repeat of the taxpayer bailouts after the global financial crisis. "Some members noted considerations that might challenge the adequacy of the 1 percent CCyB rate," the BoE said in the minutes of the June 19 meeting of the Financial Policy Committee that were published on Tuesday.

  • Reuters15 days ago

    British app-bank Monzo counts cost of growing popularity

    Digital bank Monzo, whose distinctive coral-coloured card has become a common feature in the wallets of young, tech savvy and mainly urban Britons, could hit 1 million users within months. To succeed in taking on Britain's big banks, Monzo needs customers to treat it as their main account, where they deposit their salary and pay their bills. At present only 1 in 5 of its users deposit their salary, with average balances of 1,400 pounds per month, its chief executive Tom Blomfield said.

  • Moody's19 days ago

    The Royal Bank of Scotland plc -- Moody's assigns Counterparty Risk Ratings to 22 rated banks and building societies in the UK and Crown Dependencies

    Moody's Investors Service today assigned Counterparty Risk Ratings (CRRs) to entities within the following 22 rated banking groups and building societies, which operate in the UK and the Crown Dependencies: ...

  • Bank of England hits back at EU over banks' Brexit readiness
    Reuters20 days ago

    Bank of England hits back at EU over banks' Brexit readiness

    The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption. BoE Governor Mark Carney challenged assertions made by the EU's banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately prepared for a hard Brexit.

  • Reuters20 days ago

    Bank of England hits back at EU over banks' Brexit readiness

    * BoE says UK banks prepared for no-deal Brexit * Carney calls EU regulator's Brexit assessment "incomplete" * No change for UK banks' counter-cyclical capital buffers * Industry lobby CityUK says onus on EU regulators to act (Adds EBA comment) By Andy Bruce and Huw Jones LONDON, June 27 (Reuters) - The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption. BoE Governor Mark Carney challenged assertions made by the EU's banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately prepared for a hard Brexit. "With respect, the EBA's comments earlier this week were incomplete," Carney told a news conference.

  • Banking scandals like the £245m HBOS fraud in Reading are damaging the UK's social fabric
    The Independent20 days ago

    Banking scandals like the £245m HBOS fraud in Reading are damaging the UK's social fabric

    Lloyds Banking Group just can’t seem to move past the scandal surrounding the massive fraud perpetrated by bankers and their consultant friends at its HBOS unit against small businesses in the Thames Valley region. Last week saw the publication of a leaked internal report into the scandal – know as Project Lord Turnbull – that claimed HBOS failed to disclose the fraud before its rescue by Lloyds during the financial crisis. Published by the All Party Parliamentary Group on Fair Business Banking, after first having emerged on the internet, the incendiary document argued that, rather than assisting customers, many of whose livelihoods were shattered, HBOS operated a deliberate strategy of concealment.

  • British politicians step up pressure on Lloyds Bank over HBOS fraud
    Reuters20 days ago

    British politicians step up pressure on Lloyds Bank over HBOS fraud

    Lloyds Banking Group is facing more pressure over its handling of a fraud at its HBOS Reading business that took place more than a decade ago, with the chair of Britain's Treasury Committee calling for "maximum transparency" over the affair. The intervention by committee chair Nicky Morgan follows the publication of an internal 2013 Lloyds report last week, which alleges serious misconduct by the bank over its handling and disclosure of the fraud. Morgan, who described the report's allegations as "deeply troubling", has written to fellow member of parliament Kevin Hollinrake, saying the committee had taken a close interest in the case and could "engage constructively" with it once investigations into the matter have been completed.

  • British politicians step up pressure on Lloyds Bank over HBOS fraud
    Reuters20 days ago

    British politicians step up pressure on Lloyds Bank over HBOS fraud

    Lloyds Banking Group (LLOY.L) is facing more pressure over its handling of a fraud at its HBOS Reading business that took place more than a decade ago, with the chair of Britain's Treasury Committee calling for "maximum transparency" over the affair. The intervention by committee chair Nicky Morgan follows the publication of an internal 2013 Lloyds report last week, which alleges serious misconduct by the bank over its handling and disclosure of the fraud. Morgan, who described the report's allegations as "deeply troubling", has written to fellow member of parliament Kevin Hollinrake, saying the committee had taken a close interest in the case and could "engage constructively" with it once investigations into the matter have been completed.