Lloyds - A Leveraged Bet On The British Housing Market [Seeking Alpha]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Seeking Alpha
SummaryLloyds Bank has been through the financial wars in recent years and doesn't seem to be doing all that well right now.The real determinant of the stock price is one's view on the British housing market as a result of the size of the mortgage book.It can thus be used as a leveraged bet upon that view of the housing market.The big UK macroeconomic betWhat's the shape of this recession going to be then? The V shape that we've had so far? That is, an horrendous slump in GDP of 20% and more followed by clawing back half of that in the subsequent three months? Presumably to be followed by another climb in the month just gone and the month currently we're living through? That is what hashappened in the UK so farBut is it going to continue? What about when furlough ends - in a few weeks that is - are there going to be millions unemployed? Some less than reliable commentators seem to think unemployment could soar to 6 million. Near everyone agrees that it's going to go up from its curren
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News
- Lloyds Banking Group plc (NYSE: LYG) is now covered by analysts at Berenberg Bank. They set a "hold" rating and a $2.75 price target on the stock.MarketBeat
- 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
LYG
Sec Filings
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website