Lloyds Banking Group profits surge by more than 150pc


Lloyds Banking Group profits surge by more than 150pc

The company has a 1 Year high price target of $2.28. The stock has an average rating of "Hold" and an average target price of $3.50. Net interest income fell by around 0.9% to £11.4 billion, the bank said, while its net interest margin improved to 2.71% Full year pre-tax profit came in at £4.2 billion, the bank said, well ahead of the £1.64 billion booked last year but shy of the consensus forecast of £4.76 billon. The difference between the actual and expected EPS is $-0.47 a share with a surprise factor of -235%. The Return on Equity (ROE) value stands at 4.4%.

The company shows its Return on Assets (ROA) value of 0.3%. This rating was issued on 11/29/16. Other firms include Credit Suisse giving Neutral rating on 29-Nov-16. They now have a GBX 80 ($1.00) price target on the financial services provider's stock. According to their predictions High & Low revenue estimates are 18.51 Billion and 18.51 Billion respectively.

Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas.

Lloyds Banking Group announced soaring annual profits Wednesday on lower charges linked to an insurance scandal, as it awaits a full return to the private sector following a state bailout.

In the last 3 months, RBS's share price has risen 21%. Lloyds Banking Group plc P/E (price to earnings) ratio is 54.46 and Forward P/E ratio of 11.42. The report will be for the fiscal Quarter ending Dec 2016. The company reported its last quarter on. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

Lloyds Banking Group plc NYSE has an Earning Per Share for the upcoming year at -53.90%.

Lloyds Banking Group plc (NYSE:LYG) has a market capitalization of 61.71 Billion. While some analysts have a High Price target for the stock of $2.28 and a Low Price Target of $2.28. The company had a trading volume of 3,465,276 shares. The company has a total of 17.84 Billion shares outstanding. The Stock has YTD (year to date) performance of 14.19 percent. This is good news for the bank's investors in my view, while I feel a reduction of £3 billion in adjusted operating expenses in the last 3 years could also improve its share price prospects. The corporation has a weekly volatility of 1.18% resulting a monthly volatility of 1.29%.

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