Ultime notizie per Lloyds Banking Group (NYSE:LYG) Azioni

Lloyds Banking Group

Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.

Lloyds Banking Group Plc American Depositary Shares

Lloyds Banking Group PLC

Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) reported quarterly earnings of $0.10 per share. This is unchanged from the same period last year. The company reported $4.00 billion in sales this quarter. This is a 33.31 percent decrease over sales of $6.00 billion the same period last year.

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Lloyds Banking Group Q3 EPS $0.10, Same YoY, Sales $4.00B Down From $6.00B YoY

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Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

As HSBC Holdings plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsbc#NYSE">HSBC</a>) seeks a larger share of the wealth management market in the U.K., the bank has gone on a hiring spree to recruit hundreds of bankers to serve the ultra-rich. The news was first reported by The Guardian.
HSBC aims to strengthen the U.K. arm of its wealth and private banking operations by recruiting more relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees.
According to a source familiar with the plan, while HSBC has headquarters in London, the recruitment will be based across the U.K.
The bankers that are being recruited will be given the task of doubling the assets under management at HSBC&#39;s British wealth business to &pound;100 billion in the next five years.
<h2>HSBC&#39;s UK Growth Plans</h2>
HSBC&#39;s aim to double AUM in its U.K. wealth business to &pound;100 billion in the next five years comes as this would make the bank one of the top 5 wealth managers in Britain.
Also, with this, the bank will be able to expand in sectors that are less exposed to interest rate changes, joining rivals like Lloyds Banking Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyg#NYSE">LYG</a>) and Barclays (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) in targeting more fee income from the mass affluent in the U.K.
As LYG and BCS are also pushing into wealth management, HSBC is expected to face tough competition from them.
Lloyds defines the &quot;mass affluent&quot; as those who have &pound;75,000-&pound;250,000 in deposits. Barclays&#39; premier service, which includes a &quot;dedicated team of premier financial guides&quot; targets people earning at least &pound;75,000 or those who have at least &pound;100,000 in savings.
Thus, HSBC is planning to strengthen its own wealth division by targeting international customers, who see advantages to banking with a lender with a much larger global footprint.
The plan, which is being supervised by HSBC U.K.&#39;s head of wealth and personal banking, Jose Carvalho, is expected to continue despite the recent management changes.
<h2>HSBC&#39;s Next CEO to Trim Middle Management to Save Costs</h2>
Carvalho&#39;s boss, HSBC Group&#39;s head of wealth and personal banking, Nuno Matos, recently resigned from his role, making Georges Elhedery the group chief executive.
Elhedery is considering a significant organizational transformation to streamline the company&#39;s operations. After taking over as the new CEO on Sept. 2, Elhedery plans to cut layers of middle management and reduce the number of country heads across HSBC&#39;s global footprint.
These efforts align with HSBC&#39;s ongoing focus on improving efficiency and cost control amid evolving economic challenges.
The idea of cutting back on middle management is indicative of a broader trend in the banking sector amid economic pressure. By reducing middle management, HSBC can reduce costs, expedite decision-making and offer lower-level staff more authority.
In the past six months, HSBC shares on the NYSE have gained 17.8% compared with the industry&#39;s growth of 10.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d8/77147.jpg?v=1321587589" />
Image Source: Zacks Investment Research
At present, HSBC carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2334208/hsbc-seeks-larger-share-of-uk-wealth-business-to-hire-more-bankers?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2334208">To read this article on Zacks.com click here.</a>

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HSBC Seeks Larger Share of UK Wealth Business, To Hire More Bankers

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Shares of banking and financial services stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

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Shares of banking companies are trading lower amid overall market weakness as investors react to jobs data.

Shares of banking companies are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

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Shares of companies within the broader financial sector are trading lower amid overall market sentiment as investors evaluate NVIDIA ahead of its earnings report and SMCI Form 10-K delay.

Citigroup analyst Andrew Coombs downgrades Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) from Buy to Neutral.

Downgrades

Citigroup Downgrades Lloyds Banking Group to Neutral

Lloyds Banking Group shares are trading lower after UBS downgraded the stock from Buy to Neutral.

UBS analyst Jason Napier downgrades Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) from Buy to Neutral.

UBS Downgrades Lloyds Banking Group to Neutral

Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) reported quarterly earnings of $0.08 per share. This is unchanged from the same period last year. The company reported $3.79 billion in sales this quarter. This is a 32.74 percent decrease over sales of $5.63 billion the same period last year.

Lloyds Banking Group Q2 EPS $0.08, Same YoY, Sales $3.79B Down From $5.63B YoY

In a move that could solidify its status as Europe&#8217;s most valuable startup, Revolut, a <a href="https://www.benzinga.com/topic/revolut">UK-based fintech</a> major, is reportedly eyeing a valuation of over $40 billion in an employee share sale.
What Happened: Revolut, which is backed by SoftBank Group Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), is working with Morgan Stanley to sell approximately $500 million worth of existing shares, including those owned by employees, Financial Times <a href="https://www.ft.com/content/2e5c1b4e-4e6f-11e5-b029-b9d50a74fd14">reported</a>, citing three people with knowledge of the plans.
The proposed valuation would represent a 21% increase from Revolut&#8217;s $33 billion valuation in its 2021 fundraising round. This would also place Revolut&#8217;s market capitalization on par with that of Lloyds Banking Group Plc. and above that of NatWest and Société Générale SA.
Despite the challenging market for European fintech companies over the past two years, Revolut&#8217;s ambitious target, if achieved, would be a remarkable feat. Other prominent fintechs like Klarna have seen their valuations plummet, raising concerns about the sector&#8217;s stability.
See Also: <a href="https://www.benzinga.com/partner/commodities/24/06/39331100/market-forecasts-hint-at-a-lithium-revival-could-this-be-a-golden-opportunity-for-argentina-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Forecasts Hint At A Lithium Revival: Could This Be A Golden Opportunity For Argentina Lithium</a>
Revolut&#8217;s application for a UK banking license, which is crucial for the company to expand its lending and profit in its primary market, has been pending for over three years. This, coupled with other issues, has led to uncertainty about the company&#8217;s future.
Revolut did not immediately respond to <a href="http://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It Matters: Revolut&#8217;s proposed valuation comes amid a series of strategic moves. Earlier this month, the company partnered with GTN to <a href="https://www.benzinga.com/fintech/24/06/39385145/gtn-revolut-partner-to-launch-bond-trading-for-customers-in-europe">launch bond trading for European customers</a>. This move was seen as a significant step in Revolut&#8217;s mission to build an all-in-one investment platform.
However, Revolut&#8217;s journey has not been without its challenges. In May 2023, the company&#8217;s application for a <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32481013/revoluts-application-for-a-uk-banking-license-may-be-rejected">UK banking license was under scrutiny</a> after its auditor, BDO, cast doubt on its 2021 revenue numbers. This raised concerns about the accuracy of the company&#8217;s financial reporting.
Despite these challenges, Revolut has continued to expand its offerings. In February 2023, the company <a href="https://www.benzinga.com/markets/cryptocurrency/23/02/30742558/revolut-launches-crypto-staking-soft-launch-begins-in-uk-and-eea-report">launched cryptocurrency staking</a> in the UK and the European Economic Area, allowing users to earn income on their crypto assets.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39379313/whats-going-on-with-trump-media-technology-shares-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Trump Media &amp; Technology Shares Today?</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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SoftBank-Backed Fintech Giant Revolut Eyes Valuation Of Over $40B In Employee Share Sale: Report

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Shares of banking stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

Berenberg analyst Peter Richardson initiates coverage on Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) with a Hold rating and announces Price Target of $2.75.

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Berenberg Initiates Coverage On Lloyds Banking Group with Hold Rating, Announces Price Target of $2.75

Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) reported quarterly earnings of $0.22 per share. This is a 98.2 percent increase over earnings of $0.11 per share from the same period last year. The company reported $4.04 billion in sales this quarter. This is a 30.62 percent decrease over sales of $5.82 billion the same period last year.

Lloyds Banking Group Q1 EPS $0.22 Up From $0.11 YoY, Sales $4.04B Down From $5.82B YoY

Lloyds Banking Group plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) is reportedly restructuring its risk management division after an internal review.
The restructuring will result in the reduction of about 175 roles that are facing redundancy, including about 150 in risk, as per&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-10/lloyds-restructures-risk-management-unit-after-internal-review?srnd=homepage-americas" rel="noreferrer noopener">Bloomberg</a>, which cited a person familiar with the matter.&nbsp;
As per the report, the company is creating more than 100 new roles requiring more technical expertise.
A spokesperson said, &#8220;In this case, there are around 45 role reductions, after new roles being created are factored in.&#8221;
The risk division employs about 3,600 of the company&#8217;s roughly 60,000-person workforce.
According to the Financial Times, Chief Risk Officer Stephen Shelley said in a memo last month that they are looking to reset the approach to risk and controls after an internal review said &#8216;intelligent risk-taking&#8217; was being stymied.
Investors can gain exposure to the stock via&nbsp;First Trust Indxx Innovative Transaction &amp; Process ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGR#NASDAQ">LEGR</a>) and&nbsp;Trust For Professional Managers ActivePassive International Equity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>).
Price Action: LYG shares are down 0.76% at $2.62 on the last check Wednesday.
Photo: Lukas from Pixabay

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Lloyds Banking Plans To Cut Job In Risk Management Division: Report

Lloyds Banking Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) short percent of float has risen 20.0% since its last report. The company recently reported that it has 9.20 million shares sold short, which is 0.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.15 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lloyds Banking Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711554308_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lloyds Banking Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lloyds Banking Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lloyds Banking Group's peer group average for short interest as a percentage of float is 0.84%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Lloyds Banking Group?

B of A Securities analyst Rohith Chandra Rajan upgrades Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) from Neutral to Buy.

Upgrades

B of A Securities Upgrades Lloyds Banking Group to Buy

As of March 13, 2024, four stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Paymentus Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pay#NYSE">PAY</a>)</h3>
<ul>
<li>On March 4, Paymentus reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 7 cents per share. &ldquo;Paymentus again reported quarterly results that exceeded our original expectations as revenue rose 24.7%, contribution profit grew 22.7% and adjusted EBITDA was up 95.4% year-over-year. We also ended the year on solid footing with a strong backlog, which we believe leaves us well positioned for continued growth in 2024,&rdquo; said Dushyant Sharma, CEO of Paymentus Holdings. The company&rsquo;s stock gained around 19% over the past five days and has a <a href="https://www.benzinga.com/quote/PAY">52-week high of $24.00 </a>.</li>
<li>RSI Value: 82.24</li>
<li>PAY Price Action: Shares of Paymentus gained 14.9% to close at $23.93 on Tuesday.</li>
</ul>
<h3>Toast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tost#NYSE">TOST</a>)</h3>
<ul>
<li>On Feb. 15, Toast reported quarterly losses of 7 cents per share, which beat the analyst consensus estimate of losses of 11 cents per share by 36.36%. The company&rsquo;s board of directors also authorized a share repurchase program of up to $250 million of its Class A common stock. The company&rsquo;s stock gained around 29% over the past month and <a href="https://www.benzinga.com/quote/TOST"> has a 52-week high </a> of $27.00.</li>
<li>RSI Value: 72.43</li>
<li>TOST Price Action: Shares of Toast gained 1.4% to close at $25.00 on Tuesday.</li>
</ul>
<h3>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>)</h3>
<ul>
<li>On March 12, Coinbase Global announced a proposed private offering of $1 billion of convertible senior notes due 2030. The company&rsquo;s stock gained around 82% over the past month has a <a href="https://www.benzinga.com/quote/COIN"> 52-week high </a> of $271.65.</li>
<li>RSI Value: 77.65</li>
<li>COIN Price Action: Shares of Coinbase Global gained 0.8% to close at $256.14 on Tuesday.</li>
</ul>
<h3>Lloyds Banking Group plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyg#NYSE">LYG</a>)</h3>
<ul>
<li>On Feb. 22, Lloyds Banking Group reported a year-over-year increase in fourth-quarter adjusted EPS results. The company&rsquo;s stock jumped around 24% over the past month and has a 52-week high is $2.53.</li>
<li>RSI Value: 79.27</li>
<li>LYG Price Action: Shares of Lloyds Banking rose 0.4% to close at $2.51 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37641240/investor-sentiment-improves-following-inflation-data-dow-jumps-over-200-points"> Investor Sentiment Improves Following Inflation Data, Dow Jumps Over 200 Points </a>

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Lloyds Banking Group shares are trading higher after the company reported a year-over-year increase in Q4 adjusted EPS results.

In a report released today, Aman Rakkar from Barclays maintained a Buy rating on Lloyds Banking (LLOY – Research Report), with a price target of £0...

Lloyds Banking (LLOY) Gets a Buy from Barclays

JPMorgan raised the firm's price target on Lloyds Banking (LYG) to 56 GBp from 54 GBp and keeps an Underweight rating on the shares. Published firs...

Lloyds Banking price target raised to 56 GBp from 54 GBp at JPMorgan

JPMorgan lowered the firm's price target on Lloyds Banking (LYG) to 54 GBp from 56 GBp and keeps an Underweight rating on the shares. Published fir...

Lloyds Banking price target lowered to 54 GBp from 56 GBp at JPMorgan

In a report released today, Alvaro Serrano from Morgan Stanley downgraded Lloyds Banking (LLOY – Research Report) to a Hold, with a price target of...

Lloyds Banking Downgraded to Hold Amid Legal and Financial Uncertainty

Morgan Stanley downgraded Lloyds Banking (LYG) to Equal Weight from Overweight with a price target of 65 GBp, down from 70 GBp. Post the appeals co...

Lloyds Banking downgraded to Equal Weight from Overweight at Morgan Stanley

Barclays analyst Aman Rakkar maintained a Buy rating on Lloyds Banking (LLOY – Research Report) today and set a price target of £0.75. The company'...

Barclays Sticks to Its Buy Rating for Lloyds Banking (LLOY)

Citi lowered the firm's price target on Lloyds Banking (LYG) to 56 GBp from 60 GBp and keeps a Neutral rating on the shares. Published first on The...

Lloyds Banking price target lowered to 56 GBp from 60 GBp at Citi

Lloyds Banking (LYG) has released an update. Lloyds Banking Group has announced the purchase of over 51 million of its own shares as part of its on...

Lloyds Banking's Strategic Share Buyback Initiative

Deutsche Bank lowered the firm's price target on Lloyds Banking (LYG) to 80 GBp from 83 GBp and keeps a Buy rating on the shares. Published first o...

Lloyds Banking price target lowered to 80 GBp from 83 GBp at Deutsche Bank

Lloyds Banking (LYG) has released an update. Lloyds Banking Group announces a new underwriting agreement to issue and sell debt securities valued a...

Lloyds Banking Secures $2 Billion Debt Underwriting

Press Releases

LYG ALERT: ROSEN, A LEADING LAW FIRM, Encourages Lloyds Banking Group plc Investors to Inquire About Securities Class Action Investigation – LYG

ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Lloyds Banking Group plc Investors to Inquire About Securities Class Action Investigation - LYG

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lloyds Banking Group plc - LYG

LYG INVESTOR NOTICE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Lloyds Banking Group plc Investors to Inquire About Securities Class Action Investigation – LYG

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