Lloyds Banking Group: Looking At Brexit Downsides [Seeking Alpha]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Seeking Alpha
Lloyds Banking Group: Looking At Brexit Downsides The UK remains consumed by the Brexit train wreck The UK seems as far away as ever from resolving Brexit and the departure of Theresa May as Prime Minister adds yet more confusion to the issue. For what it's worth, the betting odds are still heavily in favour of a negotiated outcome and not a no-deal disorderly exit. Paddy Power is offering odds of 1/5 on no-deal not happening this year (either because a Withdrawal Agreement is ratified by Parliament or Article 50 is extended again) versus 3/1 on a disorderly exit. Nonetheless, with most of the potential successors of Theresa May likely to take a harder line with the EU than she did, the no-deal odds are probably going to shorten. Lloyds is a bit of stock market proxy on all of this as it tends to rally when the Brexit news improves and to fall when the news deteriorates. Hence the recent selloff has coincided with the general descent into anarchy in the UK's Brexit debate over the las
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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
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- Lloyds profits drop 28% after bumper 2023 [Yahoo! Finance]Yahoo! Finance
- FTSE 100 extends record run on earnings optimism [Reuters]Reuters
LYG
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- LYG's page on the SEC website