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Stock impact report

Lloyds Banking Group: Finally Above A Pound Again! (Rating Upgrade) [Seeking Alpha]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Seeking Alpha
LYG remains highly profitable with a dominant UK mortgage position, but faces ongoing risks tied to the UK housing market. Recent results show statutory profits down 12% due to remediation costs, with asset quality and impairment charges warranting close monitoring. I now rate LYG as 'hold,' viewing its 1.3 price-to-book as fully valued given current growth prospects and market risks. Anna-av/iStock via Getty Images Since I last wrote about Lloyds Banking Group ( LYG ) in my 2022 piece Lloyds Banking Group: There's A Storm Coming it has moved up 164%. A restored dividend has meant the total return over This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relations Show less Read more
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