Lloyds TSB Group PLC

LYG-N

NYSE:LYG

1.92
0.06 (2.79%)
Lloyds Banking Group plc is a major British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009.
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Analysis and Opinions about LYG-N

Signal
Opinion
Expert
COMMENT
COMMENT
January 29, 2018

ING (ING-N) or Lloyds Bank (LYG-N)? For any of the European banks, if the euro continues to rise they may get pressure. With an improving economy, they may have to start raising interest rates. From a quality standpoint, ING would be much better, because this one still has the overhang of the British government, and what is going on with BREXIT. (See Top Picks.)

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ING (ING-N) or Lloyds Bank (LYG-N)? For any of the European banks, if the euro continues to rise they may get pressure. With an improving economy, they may have to start raising interest rates. From a quality standpoint, ING would be much better, because this one still has the overhang of the British government, and what is going on with BREXIT. (See Top Picks.)

COMMENT
COMMENT
January 11, 2018

This was up 10% last year, which wasn't as great as a lot of the European banks. The biggest problem in Europe is that they have ultra low rates and are just starting to think about getting rid quantitative easing. Until interest rates and inflation start to rise in Europe, you are going to get stickiness out of European banks and their growth rates. This bank just started to initiate a dividend again, which they haven't paid for 6 years.

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This was up 10% last year, which wasn't as great as a lot of the European banks. The biggest problem in Europe is that they have ultra low rates and are just starting to think about getting rid quantitative easing. Until interest rates and inflation start to rise in Europe, you are going to get stickiness out of European banks and their growth rates. This bank just started to initiate a dividend again, which they haven't paid for 6 years.

COMMENT
COMMENT
January 3, 2018

Had been in this, but exited 2-3 years ago. He was looking for several catalysts that didn't happen. Had thought they had a strong opportunity for cross selling, but none of the catalysts he was looking for were happening. Prefers US banks at this time.

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Had been in this, but exited 2-3 years ago. He was looking for several catalysts that didn't happen. Had thought they had a strong opportunity for cross selling, but none of the catalysts he was looking for were happening. Prefers US banks at this time.

SPECULATIVE BUY
SPECULATIVE BUY
November 20, 2017

The BREXIT effect will not have predictable impacts. He has heard news that May is looking to increase divorce payments. Until we know how BREXIT will turn out it is hard to say what it will do to the British economy. This one is trading relatively low to book value. It is starting to show enough discount to show the BREXIT risk. It is an interesting investment if you are up to the risk.

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The BREXIT effect will not have predictable impacts. He has heard news that May is looking to increase divorce payments. Until we know how BREXIT will turn out it is hard to say what it will do to the British economy. This one is trading relatively low to book value. It is starting to show enough discount to show the BREXIT risk. It is an interesting investment if you are up to the risk.

COMMENT
COMMENT
November 2, 2017

ING (ING-N) or LLOYDS (LYG-N)?This is predominantly a retail bank in the UK, and ING is predominantly a retail bank in the Netherlands. ING actually had to sell off a lot of businesses. Lloyds is a great business with a great return on equity, and trading well above BV, and is much more fully valued. ING is probably the stock to own over the next little while. They've taken a lot of costs out, and you should see a growth in earnings.

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ING (ING-N) or LLOYDS (LYG-N)?This is predominantly a retail bank in the UK, and ING is predominantly a retail bank in the Netherlands. ING actually had to sell off a lot of businesses. Lloyds is a great business with a great return on equity, and trading well above BV, and is much more fully valued. ING is probably the stock to own over the next little while. They've taken a lot of costs out, and you should see a growth in earnings.

COMMENT
COMMENT
October 19, 2017

Hold this or buy a US bank instead?Had owned this, but owns US banks now. Because of BREXIT, there is no question that there is a certain amount of uncertainty. Thinks the EU is going to be very reluctant to allow the UK to get away with some favourable trade terms, as there may be an Italian political party that wants to separate also.

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Hold this or buy a US bank instead?Had owned this, but owns US banks now. Because of BREXIT, there is no question that there is a certain amount of uncertainty. Thinks the EU is going to be very reluctant to allow the UK to get away with some favourable trade terms, as there may be an Italian political party that wants to separate also.

COMMENT
COMMENT
October 13, 2017

The overriding issue for them is that it is very much a UK centric story. In the context of a BREXIT, there is likely to be some downside on GDP growth for the UK economy, maybe 5% per year for 4 or 5 years until everything normalizes. Thereafter, there might be some growth. In the interim, you will likely see higher interest rates for banks, but you will see contracting earnings opportunities. You want to look at banks that have UK exposure, but also outside growth. He would suggest looking at HSBC Holdings (HSBC-N) or Banco Santander (SAN-N).

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The overriding issue for them is that it is very much a UK centric story. In the context of a BREXIT, there is likely to be some downside on GDP growth for the UK economy, maybe 5% per year for 4 or 5 years until everything normalizes. Thereafter, there might be some growth. In the interim, you will likely see higher interest rates for banks, but you will see contracting earnings opportunities. You want to look at banks that have UK exposure, but also outside growth. He would suggest looking at HSBC Holdings (HSBC-N) or Banco Santander (SAN-N).

COMMENT
COMMENT
September 29, 2017

Over the past year, this has done quite well. They brought the dividend back and increased it. As a domestic UK bank, they are sticking to their knitting.

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Lloyds TSB Group PLC (LYG-N)
September 29, 2017

Over the past year, this has done quite well. They brought the dividend back and increased it. As a domestic UK bank, they are sticking to their knitting.

WATCH
WATCH
September 11, 2017

Most global banks have been freshly recapitalized. The challenge is that you may be able to get it cheaper. They are starting to enter serious negotiations of BREXIT. The last substantive discussions was when the British pound sold off substantially. Watch the stock and watch for some currency weakness for the pound relative to the Cdn$. If it drops, take a real close look at it. This is a UK Centric story, so you won’t necessarily get a lot of benefit from loan growth across continental Europe, and you might have dead money for 2 years. In any case, it is a good solid story and rising interest rates will help.

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Lloyds TSB Group PLC (LYG-N)
September 11, 2017

Most global banks have been freshly recapitalized. The challenge is that you may be able to get it cheaper. They are starting to enter serious negotiations of BREXIT. The last substantive discussions was when the British pound sold off substantially. Watch the stock and watch for some currency weakness for the pound relative to the Cdn$. If it drops, take a real close look at it. This is a UK Centric story, so you won’t necessarily get a lot of benefit from loan growth across continental Europe, and you might have dead money for 2 years. In any case, it is a good solid story and rising interest rates will help.

DON'T BUY
DON'T BUY
August 11, 2017

There are a couple of things to think about. First of all, you’ve got BREXIT risk. The pound took a nasty drop 3 or 4 months ago. From a Cdn$ point of view that would have been a great opportunity. Right now, the pound has strengthened quite a bit and he doesn’t see this bank as an opportunity.

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There are a couple of things to think about. First of all, you’ve got BREXIT risk. The pound took a nasty drop 3 or 4 months ago. From a Cdn$ point of view that would have been a great opportunity. Right now, the pound has strengthened quite a bit and he doesn’t see this bank as an opportunity.

COMMENT
COMMENT
August 9, 2017

Lloyds Bank (LYG-N) or ING Groep (ING-N)? Both did very well coming out of the chute from when they were partially nationalized by the British government. Management made this one more retail oriented and got rid of non-core businesses. This is probably a little more expensive than ING.

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Lloyds Bank (LYG-N) or ING Groep (ING-N)? Both did very well coming out of the chute from when they were partially nationalized by the British government. Management made this one more retail oriented and got rid of non-core businesses. This is probably a little more expensive than ING.

COMMENT
COMMENT
June 5, 2017

Lloyds (LYG-N) or ING (ING-N)? He would favour ING, the Dutch insurer, over Lloyds. In the UK, Lloyds has had a big restructuring coming out of the financial crisis, and clearly that is now behind it. The problem is the political and economic uncertainty background in the UK.

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Lloyds (LYG-N) or ING (ING-N)? He would favour ING, the Dutch insurer, over Lloyds. In the UK, Lloyds has had a big restructuring coming out of the financial crisis, and clearly that is now behind it. The problem is the political and economic uncertainty background in the UK.

DON'T BUY
DON'T BUY
April 20, 2017

He has no exposure to the UK banks. This one has excellent management, but he is concerned with the uncertainty with BREXIT. He would prefer to stay away from UK banks. BREXIT could be ugly for the UK. He can find banks elsewhere to own.

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He has no exposure to the UK banks. This one has excellent management, but he is concerned with the uncertainty with BREXIT. He would prefer to stay away from UK banks. BREXIT could be ugly for the UK. He can find banks elsewhere to own.

COMMENT
COMMENT
April 13, 2017

Primarily a retail bank in the UK. Sold off a lot of non-core assets. There are 2 things holding back the stock. The UK owns a position, and have to sell it off. Also, the stock ran up a lot and was well ahead of itself, so has pulled back. A great business and a great company and incredibly well run.

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Primarily a retail bank in the UK. Sold off a lot of non-core assets. There are 2 things holding back the stock. The UK owns a position, and have to sell it off. Also, the stock ran up a lot and was well ahead of itself, so has pulled back. A great business and a great company and incredibly well run.

WEAK BUY
WEAK BUY
April 10, 2017

The government has just about sold its stake in this equity. The underlying business was strong when the stock got wiped out. Now that the government has got rid of its stake, it is doing pretty well. The underlying business is doing quite well. You might see some devaluation of the currency, however.

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The government has just about sold its stake in this equity. The underlying business was strong when the stock got wiped out. Now that the government has got rid of its stake, it is doing pretty well. The underlying business is doing quite well. You might see some devaluation of the currency, however.

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