LYG News and Headlines - Lloyds Banking Group PLC

GuruFocus Articles Total 56
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Guru stock highlight

Another large detractor from performance for the most recent quarter and fiscal year was Lloyds Banking Group (LSE:LLOY), a dominant retail bank in the U.K. The company's fiscal-year results fell short of expectations as revenue fell 4%, underlying profit fell 7% and pre-provision profit declined 3% from a year earlier. Results were also weaker than our estimates, which we attributed to 2019's very difficult operating environment, one that was dominated by uncertainty surrounding Brexit and the formation of a U.K. government. The company's results for the first half of 2020 were also disappointing. Key metrics fell far short of

61 Views    Sydnee Gatewood    2020-10-13 16:22
Discussion of markets and holdings

Oakmark International Fund declined 11.4% for the fiscal year ended September 30, 2020, underperforming the MSCI World ex U.S. Index, which was nearly flat over the same period. For the most recent quarter, the Fund returned 3.6%, compared to the benchmark's return of 4.9%. However, the Fund has returned an average of 8.3% per year since its inception in September 1992, outperforming the MSCI World ex U.S. Index, which has averaged 5.6% per year over the same period. We are disappointed any time we report absolute or relative underperformance, but we believe the portfolio is well positioned to provide you,

40 Views    Sydnee Gatewood    2020-10-13 16:14
Guru stock highlight

Lloyds Banking Group (LSE:LLOY), a dominant retail bank in the U.K., was the largest detractor for the fiscal year. The company's fiscal-year results fell short of expectations. Results were also weaker than our estimates, which we attributed to 2019's very difficult operating environment, one that was dominated by uncertainty surrounding Brexit and the formation of a U.K. government. The company's results for the first half of 2020 were also disappointing, primarily because of Covid-19. Total revenue from core operations declined 16% from a year ago and operating profit realized a loss of GBP 281 million, driven by a significant

60 Views    Sydnee Gatewood    2020-10-12 21:42
Discussion of markets and holdings

The Oakmark Global Select Fund returned 1.5% for the fiscal year ended September 30, 2020, underperforming the MSCI World Index, which returned 10.4%. For the most recent quarter, the Fund returned 6.4%, compared to the benchmark's return of 7.9%. More importantly, the Fund has returned an average of 6.7% per year since its inception in October 2006, outperforming the MSCI World Index's annualized gain of 6.1% over the same period.

Regeneron Pharmaceuticals (REGN), a U.S.-based biopharmaceutical company, was the top contributor for the fiscal year as management advanced both marketed drugs and their pipeline of new treatments. With regards to

103 Views    Sydnee Gatewood    2020-10-12 21:14
At current market valuations, these securities are offering compelling margins of safety

Investors who are screening the U.S. market in search of bargains may want to consider the following stocks, as their share prices are trading below the intrinsic value calculated by GuruFocus' free cash flow-based Discounted Cash Flow (DCF) calculator.

These stocks have also received optimistic recommendation ratings from sell-side analysts on Wall Street.

Urban One Inc

The first stock value investors may want to consider is Urban One Inc (UONE), a Silver Spring, Maryland-based urban-oriented radio and cable TV broadcasting, digital and reach media company in the United States.

Urban One Inc traded at a price of $6.11 per

162 Views    Alberto Abaterusso    2020-09-29 16:19
Guru releases 2nd-quarter portfolio

David Herro (Trades, Portfolio), manager of Harris Associates' Oakmark International Fund, disclosed his second-quarter portfolio earlier this week.

The guru, who also manages the Chicago-based firm's International Small Cap and Global Select funds, looks for value opportunities among foreign mid- and large-cap companies that are trading at a significant discount to his estimate of intrinsic value. His goal is to generate long-term capital appreciation by patiently waiting for the gap between the stock price and intrinsic value to close.

Based on these criteria, Herro established three new positions during the three months ended June 30, as well

342 Views    Sydnee Gatewood    2020-09-01 19:30
Highlights from a past annual meeting

In 2018, CNBC launched the Warren Buffett (Trades, Portfolio) Archive, "the digital home to the world's largest video collection of Warren Buffett (Trades, Portfolio)." The website includes complete video footage from every Berkshire Hathaway (BRK.A)(BRK.B) shareholder meeting since 1994, in addition to video clips from Buffett's appearances on CNBC dating back to 2005.

As discussed previously, my goal in this series is to share key takeaways from the meetings. I will select a handful of quotes from each section that I think are most insightful for investors. With

314 Views    The Science of Hitting    2020-08-15 21:03
HSBC Holdings, Lloyds Banking Group, Canon and ORIX Corp present buying opportunities

HSBC Holdings PLC (HSBC), Lloyds Banking Group PLC (LYG), Canon Inc. (CAJ) and ORIX Corp. (IX) have reached their three-year lows.

HSBC Holdings declined to $22.65

The price of HSBC Holdings shares declined to $22.65 on July 31, which is only 1.4% above the three-year low of $22.34.

HSBC is a British international financial services holding company. As of December 2018, it is the largest bank in Europe with total assets of $2.558 trillion. The company has around 3,900 offices in 67 countries and around 38 million customers. The company is also a component of the FTSE 100.

HSBC has

148 Views    Shuda Xia    2020-08-01 22:14
Guru stock highlight

Lloyds Banking Group (LSE:LLOY), a dominant retail bank in the U.K., was this quarter’s only detractor. Lloyds issued disappointing first-quarter results. Both its net income and underlying profit missed market expectations. Coupled with the earnings release, the CEO stated that the company’s original full-year guidance is no longer appropriate due to the uncertainty caused by the pandemic. To counter this, management is seeking to cut costs by redirecting resources and eliminating other expenses, such as travel. In addition, the U.K. government’s recent 100% guarantee on incremental small- and medium-enterprise loans should help to lower credit costs while also providing an

37 Views    Sydnee Gatewood    2020-07-09 19:43
Discussion of markets and holdings

The Oakmark Global Select Fund had a strong quarter of absolute and relative performance, returning 23.1%. The benchmark MSCI World Index returned 19.4% for the same period. The Fund has returned an average of 6.4% per year since its inception in October 2006, outperforming the MSCI World Index, which has averaged 5.6% per year over the same period.

Alphabet (GOOGL), the parent company of Google that is headquartered in the U.S., was the largest contributor for the quarter, returning 22.2%. The share price improved along with the broader U.S. equities market. The company also delivered reassuring first-quarter results in April

36 Views    Sydnee Gatewood    2020-07-09 19:35
Guru stock highlight

Other than energy, financial services were the worst-performing sector in the MSCI World, and Lloyds Banking Group (LYG) was no exception to this trend. At the urging of the Bank of England, Lloyd’s joined with the UK’s other largest banks to cancel outstanding dividend payments for 2019 and pledge not to pay any dividends nor carry out any share buybacks in 2020. The vast majority of Lloyds assets are geared to UK consumers and businesses; its dominant local market share represents significant franchise value, in our view, and appears to position it well to benefit from future recovery in

34 Views    Sydnee Gatewood    2020-04-29 20:09
By Daniel Nicholas

One could argue that the active versus passive debate is poorly framed. While there is ample evidence to suggest that the average active manager underperforms net of fees, we believe “closet indexers” are primarily to blame for active manager underperformance. Perhaps a more productive discussion on the value of active management would be to analyze truly “active” managers versus “closet indexers.” We think that if you can find a way to differentiate between the two, the potential reward is significant.

In Dr. Martijn Cremers’s “Patient Capital Outperformance,1” he suggests there is a cohort of active managers who provide excess returns

168 Views    Sydnee Gatewood    2020-03-27 20:26
By David Herro, Jason Long and Justin Hance

Updated from original posting.

The outlook for the European banks owned in the Oakmark International Fund has moderated given the impact of the coronavirus to the global economy. While we are not experts on the coronavirus, we have a deep investment team that is experienced and practiced at valuing businesses. This disciplined approach helps us identify opportunities during times of crisis and increased volatility. We continue to believe we are positioned in the strongest banks in the sector, including BNP Paribas, Credit Suisse Group, Intesa Sanpaolo, Lloyds Banking Group and Royal Bank of Scotland (RBS), given they are well capitalized

106 Views    Sydnee Gatewood    2020-03-20 15:57
Guru stock highlight

Shares of Lloyds Banking Group (LYG), a large British financial institution, advanced after the UK’s general election in December reduced uncertainty about Brexit. In our view, the company’s business is relatively stable and did not change much during the fourth quarter, but the evolution toward a possible resolution on Brexit reduced the discount on this stock.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]First Eagle Investment[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=First+Eagle+Investment]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=First+Eagle+Investment]Portfolio[/url])'s Global Income Builder Fund fourth-quarter 2019 shareholder letter.

41 Views    Sydnee Gatewood    2020-02-03 20:39
Discussion of markets and holdings

Market Overview

Global equity markets ended a robust 2019 on a high note, with a strong fourth quarter rally adding to already impressive year-to-date gains. Performance over the last several months of the year was driven mainly by sectors of the market, such as tech-nology and health care, thought to have good long-term growth prospects. Investors—optimistic about increasingly accommo-dative central banks and signs of progress in the Sino-American trade war—rotated out of the more defensive positions that outperformed earlier in 2019 and into those likely to benefit most from ongoing economic expansion.

Notably, the equity market rally over the quarter

92 Views    Sydnee Gatewood    2020-02-03 17:54
Guru stock highlight

Shares of Lloyds Banking Group (LYG), a large British financial insti-tution, advanced after the UK’s general election in December reduced uncertainty about Brexit. In our view, the company’s business is relatively stable and did not change much during the fourth quarter, but the evolution toward a possible resolution on Brexit reduced the discount on this stock.

From First Eagle Global Value Team's fourth-quarter 2019 commentary.

32 Views    Sydnee Gatewood    2020-01-30 20:22
Discussion of markets and holdings

Market Overview

Global equity markets ended a robust 2019 on a high note, with a strong fourth quarter rally adding to already impressive year-to-date gains. Performance over the last several months of the year was driven mainly by sectors of the market, such as tech-nology and health care, thought to have good long-term growth prospects. Investors—optimistic about increasingly accommo-dative central banks and signs of progress in the Sino-American trade war—rotated out of the more defensive positions that outperformed earlier in 2019 and into those likely to benefit most from ongoing economic expansion.

Notably, the equity market rally over the quarter

62 Views    Sydnee Gatewood    2020-01-30 17:58
Guru stock highlight

Lloyds Banking Group (LYG), a dominant retail bank in the U.K., was the largest contributor to the Fund’s quarterly return. In October, the company’s share price soared on hopes that a new U.K. Prime Minister could help negotiate a Brexit deal between the U.K. and the European Union (EU). The uncertainty of Brexit has pressured the U.K. economy and Lloyds’ stock price for the past few years, despite relatively strong fundamental operating performance from the bank. Additionally, the company’s third-quarter results highlighted additional efficiency opportunities and management’s focus on creating value for shareholders. Moreover, we expect profitability to improve significantly

105 Views    Sydnee Gatewood    2020-01-09 20:31
Discussion of markets and holdings

The Oakmark Global Select Fund had a strong year of absolute and relative performance, returning 29.8% for the calendar year. The benchmark MSCI World Index returned 27.7% for the same one-year period. The Fund also outperformed for the recent quarter end, returning 11.7% compared to the Index return of 8.6%. Lastly, the Fund has returned an average of 7.9% per year since its inception in October 2006, outperforming the MSCI World Index’s annualized gain of 6.3% over the same period.

Lloyds Banking Group (LYG), a dominant retail bank in the U.K., was the largest contributor to the Fund’s quarterly return.

80 Views    Sydnee Gatewood    2020-01-09 20:30
Discussion of markets and holdings

What a Difference!
Do you still remember December of 2018? Market returns were the worst for a December in more than 80 years! On Christmas Eve of 2018, the downturn in the U.S. intensified in a particularly unnerving fashion. At the intraday low on that day, the U.S. market had declined by 20%—the level generally identified as a “bear market.” As sometimes happens, however, that day’s mini-collapse squeezed the last bit of selling pressure out of the down-cycle, setting the stage for a robust rally in 2019. Technology stocks and more defensive sectors dominated markets for much of this

98 Views    Sydnee Gatewood    2020-01-09 17:47

Headlines Total 27
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2020-11-20 $ 1.87 (%)
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2020-11-19 $ 1.87 (2.19%)
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2020-10-30 $ 1.41 (-1.4%)
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2020-04-29 $ 1.7 (6.25%)
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2020-01-30 $ 3.03 (2.36%)
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2020-01-09 $ 3.23 (-1.82%)
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2019-04-08 $ 3.25 (1.25%)
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2019-01-09 $ 2.71 (%)
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