How Lloyds, NatWest and other FTSE 100 banks compared this week
Looking at the facts of the UK bank's third-quarter updates and reactions from analysts and share prices
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Lloyds Banking dripping with cash so investors should expect higher returns, say analysts
Levels of capital point to the lender's "scope for higher capital distributions - including potentially buybacks – than consensus currently expects," one banking analyst said
FIVE at FIVE: Lloyds’ profit tumble; Shell’s ‘obscene’ profits; Unilever’s resilient sales performance; Premier pubs pour on
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds sees third quarter profits tumble as bad debt provisions treble
Underlying profits fell 17% to £1.73bn in the quarter while pre-tax profits slumped 26% to £1.5bn, the high street lender said.
Archive
FTSE 100 closes ahead, boosted by big oil; ECB raises rates
Britain's blue-chip benchmark finished Thursday up by around 17 points, or 0.25% at 7,073 as Shell and BP topped the leader board
Lloyds, Shell, Apple and Amazon on a jam-packed Thursday
Shell earlier this month warned that third-quarter profits would be hit by a near halving in refining margins
Lloyds, Barclays and natural gas up, gilts fall back: How the markets responded to Rishi
Sterling inches back against the US dollar, but remains up on the day
What to look for as Lloyds investors eye crucial trading update
It is tricky to make too many predictions, as the UK may have another government by the time Lloyds reports to the market next Thursday.
Lloyds Bank stops direct finance for new oil and gas developments
Lloyds has said it will stop directly financing new greenfield oil and gas developments
Lloyds and Barclays shares fall as ‘windfall’ tax looms
Westminster was again moving the markets on Wednesday as investors brace for a potential new round of windfall taxation.
Banks and energy companies facing more windfall taxes as Hunt tries to fill funding hole
The banks face a continuation of the surcharge of 8% on top of corporation tax
Mortgage market looking sickly as consumer confidence falls, reckons Morgan Stanley
Britain's mortgage market has been under a lot of stress
Lloyds and other UK banks have lots of appeal after mini-Budget, says Citi
Commentaries with third-quarter results will be upbeat, reckons the US bank,
Lloyds and other lenders get boost from rising mortgage rates but it might not last long
Barclays estimates average 2 to 5 year UK mortgage pricing is up about 170 basis points - 1.7% - in the period since September 23, 2022
FTSE retreats, gilts soar: How markets reacted to epic government U-turn
Sterling falls on Kwasi’s sacking and mini-budget binning
Lloyds completes share buyback with very different outlook
When the scheme was launched, Lloyds chief executive Charlie Nunn said "we are seeing an early recovery and the macroeconomic outlook is improving"
Lloyds, NatWest, Barclays other banks slide as Santander warns of increased provisions
Reports have also re-emerged that the Treasury is weighing up options to tap banks for cash, which might include scooping up the interest that the Bank of England pays on the hundred of billions of pounds of deposits it holds from high stre
Lloyds and Barclays tipped to reward investors that ‘ride out the storm’ as analyst sees UK banking sector in “extremely good shape”
Significantly, the stockbroker expects solid Q3 results when reporting begins, starting with HSBC on October 25, 2022
Investments and investor services
Lloyds, L&G, Tesla and passive funds most popular for UK investors in September
Aircraft engineer maker Rolls Royce also continues to be well-liked for its hoped-for pandemic recovery prospects
Lloyds owned Halifax removes fee-paying mortgages on rate hike fears
Alterations to its mortgage product offering were "as a result of significant changes in the cost of funding."