Back to full private ownership in 2017: Lloyds sails through smoothly.
For the year to date, Lloyds posted underlying profit of GBP 6.6 billion and net profit of GBP 3.1 billion, indicating 8% and 50% respective year-over-year increases. Given Lloyds’ strong profit generation and increased capital generation, we maintain our fair value estimate of GBX 84 per share and our net income estimate of GBP 4 billion for full-year 2017. We also retain our narrow moat rating for Lloyds, which remains our preferred name within the U.K. banking space.On the PPI claims side, L...
Lloyds Banking Group is a financial services provider. Co.'s main business activities are retail and commercial banking, general insurance and long-term savings. Co.'s Lending products are mortgages, credit cards, personal and business loans; Deposit products include taking Current accounts and savings accounts; Insurance products are home insurance, motor insurance and protection; Commercial financing products includes term lending, debt capital markets and private equity; and Risk management products includes interest rate hedging, currency and liquidity. As of Dec 31 2017, Co. had total assets of £812.1 million and total deposits of £448.0 million.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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