Lloyds: Brexit Fears Priced In, Safe Dividend [Seeking Alpha]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Seeking Alpha
Lloyds: Brexit Fears Priced In, Safe Dividend Introduction Lloyds ( LYG ur Buy recommendation in April H1 results were published last Wednesday we continue to outperform the index significantly. Lloyds shares are back to the level at the start of 2019 and near their 5-year low. They trade at 0.97x Price / Tangible Book Value ("P/TBV") with a 6.4% dividend yield. Lloyds Share Price (2019 Year-to-Date) Source: Bloomberg Markets The growing likelihood of a "no deal" Brexit, including the election of a new U.K. prime minister who explicitly promised to leave the European Union on 31 October even without a deal However, having reviewed Lloyds’ 19H1 results, we believe they still offer an attractive risk/reward balance, including a resilient 6.4% dividend yield that will be maintained even in a "no deal" Brexit, and up to 60% upside over 3 years in more benign scenarios. Still Payment Protection Insurance ("PPI") complaints stop in August 2019. This remains on track in 19H1, with underlying
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News
- Lloyds Bank plc: 2024 Q1 Interim Management Statement [Yahoo! Finance]Yahoo! Finance
- Global Cyber Security Company, BlueVoyant, Chooses Leeds for Brand New Security Operations Centre and Customer Experience Centre [Yahoo! Finance]Yahoo! Finance
- Lloyds profits drop 28% after bumper 2023 [Yahoo! Finance]Yahoo! Finance
- FTSE 100 extends record run on earnings optimism [Reuters]Reuters
- UK businesses must prioritise payment technology to build customer loyalty and stay competitive: New research from Lloyds Bank and FreedomPay [Financial Post (Toronto, Ontario, Canada)]Financial Post
LYG
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website