|Bid||0.0000 x 301800|
|Ask||0.0000 x 46000|
|Day's Range||2.2350 - 2.2700|
|52 Week Range||1.7000 - 2.6300|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||6,848.48|
|Forward Dividend & Yield||0.10 (4.01%)|
|Ex-Dividend Date||Aug 05, 2022|
|1y Target Est||N/A|
Add a forecast £1.8bn dividend to a proposed £2bn share buyback and Lloyds Banking Group is, in effect, offering its shareholders an 11pc cash yield on its £34bn market capitalisation. That beats inflation, let alone government bonds, so patient investors are being paid to just sit and wait out any economic – or political – squalls.
Four of Britain’s biggest banks have pocketed an extra £5.5bn by failing to pass on rising interest rates to savers.
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said. The 2022 annual results from the country's four biggest lenders in the last week had been expected to show an earnings bonanza as banks increased the rate they charge on loans while leaving deposit rates low. Instead, despite reporting robust profits, banks' shares have broadly stumbled as they forecast margin pressure, suggesting intensifying competition for customers' deposits and mortage business to come.