LLOY LN (Update)

Lloyds Banking Group PLC

Finance/Real Estate


Presented:09/22/2014
Price:£0.75
Cap:$82.50B
Current Price:£0.60
Cap:$56.56B

Presented

Date09/22/2014
Price£0.75
Market Cap$82.50B
Ent Value$82.52B
P/E Ratio4965x
Book Value£0.79
Div YieldN/A
Shares O/S71,308.40M
Ave Daily Vol109,840,000
Short IntN/A

Current

Price£0.60
Market Cap$56.56B
Lloyds Banking Group plc provides a range of banking and financial services to individuals and businesses in the United Kingdom and internationally. It operates through four segments: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. The Retail segment offers a range of retail financial service products, such as current accounts, savings, personal loans, credit cards, and mortgages under the Lloyds Bank, Halifax, TSB, and Bank of Scotland brands. This segment also distributes general insurance and bancassurance products; and sells long-term savings, investment, and general insurance products. The Commercial Banking segment provides banking and related services to business clients, from small and medium-sized enterprises to corporate and financial institutions. The Wealth, Asset Finance, and International segment offers private banking and asset management and asset finance; and operates international retail businesses. The Insurance segment provides long-term savings, protection, and investment products through the bancassurance, intermediary, and direct channels; and life, pensions, and investment products, as well as home insurance products through the retail branch network, direct channels, and strategic corporate partners. This segment offers its products under the Lloyds Bank, Halifax, Bank of Scotland, TSB, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is headquartered in London, the United Kingdom.

Please note, this is an update to Long - Lloyds Banking Group plc (LLOY LN) presented on 4/2/2014 which is also an update to Long - Lloyds Banking Group plc (LLOY LN) originally presented on 1/22/2014.

Publicly traded companies mentioned herein: Barclays PLC (BARC LN), Lloyds Banking Group PLC (LLOY LN)

Highlights

Shares of Lloyds Banking Group (LLOY) have been “dead money” for the past year, said the presenter. He remains long shares of the UK’s largest bank, and at ~76p he sees a similar risk/ reward setup and has more confidence that downside risk is limited and the turning point is nearing.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.