Report
Derya Guzel
EUR 100.00 For Business Accounts Only

Sailing through Brexit: Lloyds stands out as a solid retail name in the U.K. banking space.

Narrow-moat Lloyds, which has been our preferred name in the U.K. banking space, has delivered healthy full-year results. While we will plug in full-year numbers and roll our model, we don’t expect major changes in our fair value estimate. We maintain our narrow moat and stable moat trend, along with our fair value estimate of GBX 84 per share.
Along with their full-year results, Lloyds also announced its third strategic plan (GSR3), which mainly focuses on digital transformation, which we view ...
Underlying
Lloyds Banking Group PLC ADS

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Derya Guzel

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