Lloyds TSB Group PLC

LYG-N

NYSE:LYG

1.92
0.05 (2.54%)
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
BUY
BUY
February 11, 2016

From a banking perspective, this is really leveraged to a lot of what is going on in the UK. UK economy is doing very well. This bank does not have a lot of investment banking. Have done a very good job of getting rid of assets they had in Spain and other parts of Europe. Primarily a domestic retail/commercial bank, and in this environment this is probably not a bad story. They trade at a premium to their BV, unlike a lot of other banks.

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From a banking perspective, this is really leveraged to a lot of what is going on in the UK. UK economy is doing very well. This bank does not have a lot of investment banking. Have done a very good job of getting rid of assets they had in Spain and other parts of Europe. Primarily a domestic retail/commercial bank, and in this environment this is probably not a bad story. They trade at a premium to their BV, unlike a lot of other banks.

SELL
SELL
January 6, 2016

Move out to a US bank? Not a bad idea. Thinks the European banking system is going to recover. This bank still has difficulty. Got absorbed by the British government and was more confused than a lot of the others. European banks have not fully recovered yet, but he does anticipate the turn is coming.

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Move out to a US bank? Not a bad idea. Thinks the European banking system is going to recover. This bank still has difficulty. Got absorbed by the British government and was more confused than a lot of the others. European banks have not fully recovered yet, but he does anticipate the turn is coming.

COMMENT
COMMENT
December 16, 2015

Interest rate increase is coming into the US first. The UK doesn’t look ready to move just yet. As interest rates start to move up, the net interest margins for banks should start to expand. We have seen banks facing declining net interest margins. This means that the only way they can grow earnings is by either outright loans or fee income. As net interest margins go up, it will be good for banks. On this one, he is looking for at least 6 months or longer before the Bank of England starts raising rates. He prefers US banks.

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Interest rate increase is coming into the US first. The UK doesn’t look ready to move just yet. As interest rates start to move up, the net interest margins for banks should start to expand. We have seen banks facing declining net interest margins. This means that the only way they can grow earnings is by either outright loans or fee income. As net interest margins go up, it will be good for banks. On this one, he is looking for at least 6 months or longer before the Bank of England starts raising rates. He prefers US banks.

BUY
BUY
October 23, 2015

The British government is selling their holdings and can do so because Lloyds has turned around. The share price is above what the British government paid to bail it out. It is doing sufficiently well and will probably start paying dividends.

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The British government is selling their holdings and can do so because Lloyds has turned around. The share price is above what the British government paid to bail it out. It is doing sufficiently well and will probably start paying dividends.

COMMENT
COMMENT
September 16, 2015

British banks, in general, are not an area that he is focused on. If he is looking at financial institutions globally, he is favouring US over countries where you are not seeing the interest rate normalization just yet. Dividend yield of 1%.

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Lloyds TSB Group PLC (LYG-N)
September 16, 2015

British banks, in general, are not an area that he is focused on. If he is looking at financial institutions globally, he is favouring US over countries where you are not seeing the interest rate normalization just yet. Dividend yield of 1%.

BUY
BUY
August 20, 2015

This is a great bank. The British government owns something like 23% and are slowly exiting their position. It is very likely this bank will do incredibly well. The banking area is one of the cheaper areas of the equity markets.

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This is a great bank. The British government owns something like 23% and are slowly exiting their position. It is very likely this bank will do incredibly well. The banking area is one of the cheaper areas of the equity markets.

BUY
BUY
May 28, 2015

The UK government is slowly getting out of this stock. LYG-N have gone back to the original retail banking. They are in a good position and the UK economy is coming along quite nicely. You will see dividend increases and the stock will do better.

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The UK government is slowly getting out of this stock. LYG-N have gone back to the original retail banking. They are in a good position and the UK economy is coming along quite nicely. You will see dividend increases and the stock will do better.

HOLD
HOLD
May 4, 2015

This is a higher risk story and we are starting to see it playing out now. There will be some upside, but it will be a multiyear up cycle.

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This is a higher risk story and we are starting to see it playing out now. There will be some upside, but it will be a multiyear up cycle.

HOLD
HOLD
March 27, 2015

The UK government is going to sell their stake in this bank and is scheduled for 2016. When this happened in the US with Citibank (C-N) that was the start of everything when it had a big run. That will allow the bank to start issuing a dividend. At about the same time, there is the possibility of an interest rate rise. There are some very interesting catalysts. If you take a 3-5 year view, he thinks you are going to make some money.

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The UK government is going to sell their stake in this bank and is scheduled for 2016. When this happened in the US with Citibank (C-N) that was the start of everything when it had a big run. That will allow the bank to start issuing a dividend. At about the same time, there is the possibility of an interest rate rise. There are some very interesting catalysts. If you take a 3-5 year view, he thinks you are going to make some money.

COMMENT
COMMENT
March 13, 2015

The British government still owns around 20% . After results come out and when everyone knows what the profits are, it sells another tranche. This bank has even started to pay a small dividend. This is going to continue to have that basic supply by the British government, but they have done a very good job. Not a bad choice if you want a domestic UK bank.

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The British government still owns around 20% . After results come out and when everyone knows what the profits are, it sells another tranche. This bank has even started to pay a small dividend. This is going to continue to have that basic supply by the British government, but they have done a very good job. Not a bad choice if you want a domestic UK bank.

DON'T BUY
DON'T BUY
February 24, 2015

A turnaround situation. There is a catch up in terms of companies that are recalibrating their business and operating efficiencies. Coming close to trading at a higher premium to its Book Value. You need to focus on the earnings power of the company and the return on investment equity. His concern is that there is still room to feel more comfortable given the massive amount of headwinds that these institutions are facing. He would be a little cautious.

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A turnaround situation. There is a catch up in terms of companies that are recalibrating their business and operating efficiencies. Coming close to trading at a higher premium to its Book Value. You need to focus on the earnings power of the company and the return on investment equity. His concern is that there is still room to feel more comfortable given the massive amount of headwinds that these institutions are facing. He would be a little cautious.

WEAK BUY
WEAK BUY
January 12, 2015

It is okay to be selective in UK banks. He prefers HSBC. Likes the outlook in the UK. Asia will eventually come back into favour.

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It is okay to be selective in UK banks. He prefers HSBC. Likes the outlook in the UK. Asia will eventually come back into favour.

BUY
BUY
December 31, 2014

Probably sold it at the wrong time. Management did a great job of changing it around. The economy in the UK is doing well and he thinks it will continue to do so. The bank is fine. They understand retail very well. Got rid of non-core assets and can now grow the franchise. If they get back to 18-20% ROE that they had pre 2008 it will be a good story.

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Probably sold it at the wrong time. Management did a great job of changing it around. The economy in the UK is doing well and he thinks it will continue to do so. The bank is fine. They understand retail very well. Got rid of non-core assets and can now grow the franchise. If they get back to 18-20% ROE that they had pre 2008 it will be a good story.

HOLD
HOLD
December 22, 2014

This is a good story. If you look at the global interest rate story, he thinks it will be US 1st and the UK will probably be 2nd in terms of raising rates. There was an 18 month time lag from when the US went into the hole and when the UK went into the hole. Continental Europe went in even further. With that time frame, interest rate increases are going to be very good for the banking sector. The US is probably going to see this first. This bank hasn’t introduced a dividend as far as he knows, and the government is selling down its stake from when it bailed the bank out. If this bank were to introduce a dividend, post the governments sell down, he thinks this bank would run. This could be a 2016 story. When it runs, it is going to be huge.

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This is a good story. If you look at the global interest rate story, he thinks it will be US 1st and the UK will probably be 2nd in terms of raising rates. There was an 18 month time lag from when the US went into the hole and when the UK went into the hole. Continental Europe went in even further. With that time frame, interest rate increases are going to be very good for the banking sector. The US is probably going to see this first. This bank hasn’t introduced a dividend as far as he knows, and the government is selling down its stake from when it bailed the bank out. If this bank were to introduce a dividend, post the governments sell down, he thinks this bank would run. This could be a 2016 story. When it runs, it is going to be huge.

WEAK BUY
WEAK BUY
November 20, 2014

The US is closer to an interest rate hike and will propel those banks. The US banks are freshly recapitalized. In the UK that is not the case. This is a good bank. Sell if you bought before the crisis. If you bought afterwards, hold as it will be a multiyear success story. He holds HSBC-N broadly.

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The US is closer to an interest rate hike and will propel those banks. The US banks are freshly recapitalized. In the UK that is not the case. This is a good bank. Sell if you bought before the crisis. If you bought afterwards, hold as it will be a multiyear success story. He holds HSBC-N broadly.

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