Upgrade Alert for Lloyds Banking Group (LYG)
Comtex SmarTrend(R) - Wed Jul 06, 3:15AM CDT
Lloyds Banking Group (NYSE:LYG) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $2.74 on volume of 48.5 million shares, above average daily volume of 4.0 million. Lloyds Banking Group share prices have moved between a 52-week high of $5.65 and a 52-week low of $2.73 and closed yesterday at 0% above that low price at $2.74 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.6%.
LYG: 2.99 (-0.03)
Moody's Negative Outlook on U.K. Banking System Post-Brexit
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 8:01AM CDT
Moody's has changed the outlook on the ratings of 12 U.K. banks and building societies, while outlook on the U.K. banking system was changed to negative from stable in the wake of Brexit concerns.
BCS: 7.78 (-0.17), GS: 157.92 (+1.00), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03), MCO: 101.72 (+1.55)
3 European Banking Stocks Down More Than 35% in 2 Days
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 3:20PM CDT
The U.K.'s decision to exit the EU will undoubtedly make matters worse for the European economy, which is already plagued by fundamental weakness.
BCS: 7.78 (-0.17), GS: 157.92 (+1.00), JPM: 63.16 (-0.04), CS: 10.87 (-0.20), DB: 13.95 (-0.15), BAC: 13.44 (-0.10), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03), MS: 27.16 (-0.21)
Post Brexit UK Government Halts RBS, Lloyds Stakes Sale
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 7:35AM CDT
Triggered by economic uncertainties and stock market mayhem post Brexit, the U.K. government has halted plans to sale stakes in Lloyds Banking Group plc (LYG) and The Royal Bank of Scotland Group plc (RBS).
BMO: 64.82 (+0.49), RBS: 4.72 (-0.15), CM: 76.01 (+0.36), LYG: 2.99 (-0.03)
Downgrade Alert for Lloyds Banking Group (LYG)
Comtex SmarTrend(R) - Tue Jun 28, 3:39AM CDT
Lloyds Banking Group (NYSE:LYG) was downgraded from Overweight to Equal Weight at Barclays Capital today. The stock closed yesterday at $2.78 on volume of 32.5 million shares, above average daily volume of 4.0 million. There is potential upside of 97.1% for shares of Lloyds Banking Group based on a current price of $2.78 and an average consensus analyst price target of $5.48. The stock should find initial resistance at its 50-day moving average (MA) of $3.99 and further resistance at its 200-day MA of $4.35.
LYG: 2.99 (-0.03)
Forget Financials, Buy These Consumer Staples Stocks Instead
Zacks Premium Research - Zacks Investment Research - Mon Jun 27, 7:32PM CDT
These kinds of stocks are preferable to own in times of uncertainty.
BCS: 7.78 (-0.17), JNJ: 123.00 (+0.08), JPM: 63.16 (-0.04), WMT: 73.62 (+0.35), BAC: 13.44 (-0.10), MO: 69.08 (+0.21), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03), MS: 27.16 (-0.21)
Brexit Effect Continues, EU Banks Slammed
Afrasiab Mian - Zacks Investment Research - Mon Jun 27, 11:23AM CDT
The downward effect of Brexit on the market continued on Monday, particularly with EU banks opening at lows not seen in years.
BCS: 7.78 (-0.17), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
Stock to Watch: Lloyds Banking Group Down 15.7% (LYG)
Comtex SmarTrend(R) - Mon Jun 27, 8:51AM CDT
Lloyds Banking Group (NYSE:LYG) is one of today's worst performing low-priced stocks, down 15.7% to $2.81 on 1.5x average daily volume. Thus far today, Lloyds Banking Group has traded 6.2 million shares, vs. average volume of 4.0 million shares per day. The stock has underperformed the Dow (-15.7% to the Dow's -1.2%) and underperformed the S&P 500 (-15.7% to the S&P's -1.2%) during today's trading.
LYG: 2.99 (-0.03)
How Does Brexit Affect Britain's Economic Future?
Afrasiab Mian - Zacks Investment Research - Fri Jun 24, 2:46PM CDT
In news that shocked the market, the U.K. voted to leave the EU by a slim margin of 2%. The result of the historic vote has mixed reactions globally, as well as many deeper ramifications that must be considered.
BCS: 7.78 (-0.17), GS: 157.92 (+1.00), JPM: 63.16 (-0.04), C: 43.33 (-0.11), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
RBS Plans 900 Layoffs as Cost Cutting Initiatives Continue
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 6:45AM CDT
The Royal Bank of Scotland Group plc (RBS) is likely to cut another 900 jobs as it continues with its aggressive cost cutting moves.
BCS: 7.78 (-0.17), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
To Bet Against Brexit, Buy These 3 British Banking Stocks
Maher Syed - Zacks Investment Research - Tue Jun 21, 2:10PM CDT
You could wager on the vote itself, but this is a more prudent way to bet against Brexit.
BCS: 7.78 (-0.17), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
Brexit: Britain's Newest Rollercoaster Ride
Afrasiab Mian - Zacks Investment Research - Mon Jun 20, 2:47PM CDT
Monday opened with a more bullish market due to polls from Britain showing an increase in support for remaining in the EU rather than exiting under Brexit.
BCS: 7.78 (-0.17), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
Watch List for Foreign Money Center Banks Equities -- Banco Santander, Barclays, Lloyds Banking Group, and Credit Suisse Group
PR Newswire - Wed Jun 15, 7:00AM CDT
On Tuesday, June 14, 2016, the NASDAQ Composite ended the trading session at 4,843.55, down 0.10%; the Dow Jones Industrial Average edged 0.33% lower to finish at 17,674.82; and the S&P 500 closed at 2,075.32, down 0.18%. Stock-Callers.com has initiated coverage on the following equities: Banco Santander S.A. (NYSE: SAN), Barclays PLC (NYSE: BCS), Lloyds Banking Group PLC (NYSE: LYG), and Credit Suisse Group A.G. (NYSE: CS). Learn more about these stocks by accessing their free trade alerts at:
BCS: 7.78 (-0.17), SAN: 4.13 (-0.08), CS: 10.87 (-0.20), LYG: 2.99 (-0.03)
Why Banks will Face Additional GBP2B Tax Bill in U.K.
Zacks Equity Research - Zacks Investment Research - Thu Mar 17, 12:20PM CDT
The current reform reduces the amount of profit that the banks can offset with pre-2015 losses to 25% from the prior 50%, which will help the U.K. government generate around ??2 billion ($2.81 billion) in tax revenues by 2021.
JPM: 63.16 (-0.04), BAC: 13.44 (-0.10), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
Moody's Expects Big U.K. Banks to Meet MREL Requirements
Zacks Equity Research - Zacks Investment Research - Fri Mar 11, 12:20PM CST
The seven largest U.K. banks are expected to meet the Bank of England's MREL, despite a current ??129 billion capital shortfall, according to a report published by Moody's Investors Service.
BCS: 7.78 (-0.17), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
Where Investors Are Going -- Analyst Notes on Chemours, CNH Industrial, Lloyds Banking Group and Teekay Tankers
ACCESSWIRE - Wed Dec 23, 6:35AM CST
NEW YORK, NY / ACCESSWIRE / December 23, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Chemours Co. (NYSE: CC), CNH Industrial NV (NYSE: CNHI), Lloyds Banking Group PLC (NYSE: LYG) and Teekay Tankers Ltd. (NYSE: TNK). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
CNHI: 6.79 (+0.01), CC: 8.26 (+0.08), LYG: 2.99 (-0.03), TNK: 3.19 (+0.01)
The Zacks Analyst Blog Highlights: Barclays, HSBC Holdings, Lloyds Banking Group, Royal Bank of Scotland Group and Standard Chartered
Zacks Equity Research - Zacks Investment Research - Thu Dec 03, 8:30AM CST
The Zacks Analyst Blog Highlights: Barclays, HSBC Holdings, Lloyds Banking Group, Royal Bank of Scotland Group and Standard Chartered
BCS: 7.78 (-0.17), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)
BoE Stress Test Results: All 7 Banks Healthy
Zacks Equity Research - Zacks Investment Research - Wed Dec 02, 1:04PM CST
The UK Banking system is healthy enough to withstand another financial crisis.
BCS: 7.78 (-0.17), HSBC: 31.42 (-0.12), RBS: 4.72 (-0.15), LYG: 2.99 (-0.03)