S&P Lowers Ratings on European Banks Over New Rules - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 04, 1:49PM CST
S&P has cut its long-term ratings on major U.K., Swiss, German and Austrian banks. This move comes in the wake of new bail-in rules (effective Jan 1, 2015) that render government support less likely in case of bank failures.
BCS: 15.77 (+0.12), CS: 23.65 (+0.23), HSBC: 46.13 (-0.01), DB: 32.29 (+0.70), MHFI: 102.19 (unch), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
S&P cuts ratings on European banks in wake of new rules
AP - Tue Feb 03, 2:46PM CST
NEW YORK (AP) — Standard & Poor's Ratings Services downgraded a spate of European banks on Tuesday, saying new regulations make "extraordinary government support" less likely for some banks and harder to predict for others.
BCS: 15.77 (+0.12), CS: 23.65 (+0.23), HSBC: 46.13 (-0.01), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
S&P cuts European banks on new loss rules
Seeking Alpha - at Seeking Alpha - Tue Feb 03, 12:20PM CST
BCS: 15.77 (+0.12), CS: 23.65 (+0.23), DB: 32.29 (+0.70), HSBC: 46.13 (-0.01), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
Tracking Ken Fisher's Fisher Asset Management Portfolio - Q4 2014 Update
John Vincent - at Seeking Alpha - Sat Jan 31, 9:54AM CST
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Lloyds boss among the favorites for top job at Standard Chartered
Seeking Alpha - at Seeking Alpha - Wed Jan 28, 10:40AM CST
HSBC: 46.13 (-0.01), LYG: 4.60 (+0.04)
How U.S. Investors Can Play Europe’s Expected Stimulus Plan
at The Street - Wed Jan 21, 1:29PM CST
U.S. investors should buy European financial stocks such as banks and insurers as well as more cyclical sectors like construction and mining, say two Barclays analysts.
G: 21.48 (-0.09), HSBC: 46.13 (-0.01), LYG: 4.60 (+0.04)
3 Financial Stocks On The Rise
at The Street - Thu Jan 15, 11:10AM CST
TheStreet highlights 3 stocks pushing the financial sector higher today.
COF: 78.88 (-0.41), HDB: 58.41 (-0.98), LYG: 4.60 (+0.04)
Morning Briefing on Diversified Banks Stocks - Banco Santander, Banco Santander Brasil, Lloyds Banking, HSBC Holdings, and Bancolombia
PR Newswire - Tue Jan 13, 8:00AM CST
Investor-Edge has initiated coverage on the following equities: Banco Santander S.A. (NYSE: SAN), Banco Santander Brasil S.A. (NYSE: BSBR), Lloyds Banking Group PLC (NYSE: LYG), HSBC Holdings PLC (NYSE: HSBC), and Bancolombia S.A. (NYSE: CIB). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Monday, December 12, 2015, the NASDAQ Composite ended at 4,664.71, down 0.84%, the Dow Jones Industrial Average declined 0.54%, to finish the day at 17,640.84, and the S&P 500 closed at 2,028.26, down 0.81%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 322.60, down 0.85%, while the index has advanced 6.10% in the last three months. Register for your complimentary reports on these five stocks at:
SAN: 7.18 (+0.13), HSBC: 46.13 (-0.01), LYG: 4.60 (+0.04), CIB: 44.89 (+0.14), BSBR: 5.07 (+0.19)
Royal Bank of Scotland Mulls Shedding Asian Operations - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jan 12, 5:00PM CST
Royal Bank of Scotland (RBS), the banking and insurance holding company largely owned by the U.K. government, is contemplating the sale of majority of its corporate banking business in Asia, as reported by Bloomberg.
CFG: 25.45 (+0.12), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
XL's $4.2 Bil Catlin Buy Will Create Insurance Giant
at Investor's Business Daily - Fri Jan 09, 10:18AM CST
XL Group (XL) agreed to buy Catlin for $4.2 billion in cash and stock, scaling up XL's footprint in the property and casualty insurance and reinsurance markets. The combined company will start with about $17 billion in capital and be marketed as XL...
UIHC: 27.40 (-0.34), AFSI: 55.60 (-0.89), LYG: 4.60 (+0.04), UVE: 23.23 (-0.27), XL: 35.74 (-0.07)
Lloyds' Narrow Moat Isn't Drying Up
Morningstar - Seeking Alpha - Mon Dec 22, 1:31PM CST
By Erin Davis With its third-quarter results, Lloyds Banking Group (NYSE: LYG ) announced that it plans to close 200 branches as its customers increasingly embrace digital banking platforms. This brings to the forefront the question of whether the...
BCS: 15.77 (+0.12), SAN: 7.18 (+0.13), HSBC: 46.13 (-0.01), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
U.K. readies next sales of Lloyds stake
Seeking Alpha - at Seeking Alpha - Wed Dec 17, 9:08AM CST
LYG: 4.60 (+0.04)
The 4 Worst Bank Stocks of 2014
Motley Fool Staff - Motley Fool - Fri Dec 05, 6:58AM CST
Most of the banking industry has performed pretty well this year. Investment banking revenues are up, thanks to the high M&A and IPO activity resulting from the strong stock market. And, consumer banking activity like lending and brokerage...
BCS: 15.77 (+0.12), SAN: 7.18 (+0.13), NBG: 1.61 (+0.18), LYG: 4.60 (+0.04)
Lloyds Cuts Non-Core Assets, Further Sells Irish Mortgage - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 03, 4:05PM CST
Lloyds Banking Group plc (LYG) sold GBP 1.6 billion portfolio of Irish mortgages to The Goldman Sachs Group, Inc. (GS) and CarVal, a U.S.-based the private equity group, per a Financial Times report.
APO: 23.70 (+0.36), BX: 37.40 (+0.49), GS: 189.00 (-0.78), LYG: 4.60 (+0.04)
Wall Street Breakfast: Sony Pictures Still Struggling After Cyber Attack
Wall Street Breakfast - Seeking Alpha - Wed Dec 03, 5:28AM CST
Economy Falling oil prices sparked a decline of almost 40% in new oil and gas well permits issued across the U.S. in November, with only 4,520 new well permits approved last month, down from 7,227 in October. New permits, which outline what...
F: 16.30 (-0.06), HSY: 106.02 (-0.64), SNE: 27.30 (+0.19), WPPGY: 111.99 (-0.98), SKIS: 7.39 (+0.01), AVID: 14.12 (+0.34), SPY: 209.78 (+0.86), GS: 189.00 (-0.78), QQQ: 106.91 (+0.91), IBM: 160.40 (+1.88), GM: 37.62 (-0.40), HCI: 50.01 (+0.71), LYG: 4.60 (+0.04), ZU: 14.22 (-0.30)
Lloyds sells Irish mortgage portfolio to Goldman and CarVal
Seeking Alpha - at Seeking Alpha - Wed Dec 03, 1:32AM CST
GS: 189.00 (-0.78), LYG: 4.60 (+0.04)
Diversified Banks Equities Under the Scanner - Banco Bilbao Vizcaya Argentaria, Grupo Financiero Santander Mexico, Banco Santander, Lloyds Banking, and Royal Bank of Scotland
PR Newswire - Tue Dec 02, 7:30AM CST
Investor-Edge has initiated coverage on the following equities: Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA), Grupo Financiero Santander Mexico SAB de C.V. (NYSE: BSMX), Banco Santander S.A. (NYSE: SAN), Lloyds Banking Group PLC (NYSE: LYG), and Royal Bank of Scotland Group PLC (NYSE: RBS). Free research on these five companies can be accessed at: http://investor-edge.com/register. On Monday, December 01, 2014, the NASDAQ Composite ended at 4,727.35, down 1.34%, the Dow Jones Industrial Average edged 0.29% lower, to finish the day at 17,776.80, and the S&P 500 closed at 2,053.44, down 0.68%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 325.64, down 0.72%, while the index has advanced 3.71% in the previous three months. Register for your complimentary reports on these five stocks at:
SAN: 7.18 (+0.13), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04), BSMX: 11.00 (+0.34), BBVA: 9.69 (+0.24)
The Royal Bank of Scotland Commits Error in Stress Test - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Nov 24, 3:58PM CST
On Friday, The Royal Bank of Scotland (RBS), which is largely owned by the U.K. government, announced that it committed an error in the calculation of tier one common equity capital (CET1) during the 2014 EBA stress test.
BCS: 15.77 (+0.12), HSBC: 46.13 (-0.01), RBS: 11.97 (+0.01), LYG: 4.60 (+0.04)
5 'Toxic' Stocks in Your Portfolio: Sprint, GoPro and More
at The Street - Mon Nov 17, 8:49AM CST
From a technical analysis standpoint, sellers are shoving around these toxic stocks right now.
GPRO: 45.27 (-0.02), S: 5.23 (+0.08), LYG: 4.60 (+0.04), EEP: 38.84 (-0.50), FXI: 42.98 (+0.27)
Downgrade Alert for Lloyds Banking Group (LYG)
Comtex SmarTrend(R) - Thu Nov 06, 7:05AM CST
Lloyds Banking Group (NYSE:LYG) was downgraded from Outperform to Market Perform at Bernstein today. The stock closed yesterday at $4.91 on volume of 1.3 million shares, below average daily volume of 5.0 million. In the past 52 weeks, shares of Lloyds Banking Group have traded between a low of $4.52 and a high of $5.76 and closed yesterday at $4.91, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.34% lower over the past week, respectively.
LYG: 4.60 (+0.04)