Summary Marketline's Lloyds Banking Group plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Lloyds Banking Group plc - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances a...
Summary Barclaycard - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Barclaycard (Barclay) is a division of Barclays Bank Plc that provides payment and card solutions. Its product portfolio includes charge and credit cards and balance transfer credit cards. The company’s ser...
More Downside to Lead to Buying Opportunity? Market dynamics remain largely bearish and unchanged, and we are sticking with our call that breaks of supports (3910 on S&P 500, $177.50 on IWM, and $279 on QQQ, all broken on Dec. 15) are likely to result in a test of the 2022 lows. The Nasdaq 100 (QQQ) is already testing its 2022 lows, but the S&P 500 and Russell 2000 (IWM) are still 6-9% above their 2022 lows. Depending on how the market responds to its 2022 lows, that could be a better area to i...
Stick With Energy and Financials Indexes and Sectors remain extremely mixed which we believe is likely to remain the case moving forward. Attractive Sectors include Energy and Financials, (and to a lesser extent Staples and Utilities) and these areas remain our primary focus. S&P 500. The S&P 500 held above short-term support at the 200-day MA (currently 4446); as long as this level holds we view it as a bullish sign for the SPX and broad market, as it would mean the January breakdown below th...
NATWEST GROUP (GB), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date December 31, 2021, the closing price was GBp 225.70 and its pot...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We look at the progress in unsecured bond supply of the largest banks in 11 European countries, covering 28 bond issuers. We estimate that these banks have, on a year-to-date basis, completed on average 52% of their 2021 (unsecured) funding programmes. We consider banks in Belgium, Spain and France to be especially well positioned in terms of issuance progress as compared with expected total funding for the year. Banks in Austria, Denmark and the Netherlands may be more active in 2H21.
UK banks HSBC, Lloyds Banking Group, NatWest Group and Standard Chartered have reported their 1Q21 numbers, while Barclays is set to report tomorrow. The general message so far regarding loan quality has been rather reassuring, with three of these banks improving guidance for cost of risk in 2021.
NatWest Group continues to struggle with its profitability, booking another loss for 4Q20 and FY20. We consider the 2023 profitability targets as challenging. The group has a very strong capital position, although we note that the CET1 ratio is likely to decline this year with the expected RWA inflation. The 2021 supply will be driven by MREL needs.
In 1Q 2020 The Royal Bank of Scotland Group plc (RBS or the Group)'s statutory profit before tax was GBP 519 million, declining by 49% YoY. Profit attributable to ordinary shareholders was GBP 288 million, corresponding to 3.6% return on tangible equity. The decline in RBS' profits reflected a significant increase in the cost of risk. However, this was largely offset by an increase in revenues and a decline in operating expenses, which combined led to a 20% increase in Income Before Provisions a...
Item 2: Remuneration policy A new policy introduces the discount to the executive LTI, which is not acceptable. The number of shares awarded may be calculated using a share price discounted to reflect the absence of the right to receive dividends or dividend equivalents during the vesting period. The discounted share price will be calculated with reference to estimated dividend yields based on market consensus and the length of the vesting period. Based on the year-end dividend yield, ...
DBRS Morningstar has published a commentary discussing 2019 results of the major UK banking groups and the 2020 outlook. Key Highlights include: • The UK banks’ aggregate statutory profits weakened in 2019, driven by goodwill impairment and PPI charges. • Despite some normalisation in the cost of risk, banks' underlying financial performance was resilient. • In 2020 profits are likely to remain under pressure from the restructuring and low rates. • The outbreak of the coronavirus rep...
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
RBS reported first-quarter 2019 operating profit before tax of GBP 1 billion compared with GBP 1.2 billion the same period a year ago. Lower operating expenses, down nearly 4% year over year, were not enough to offset weaker income generation. Net interest income declined 5% to GBP 2 billion, mostly driven by NatWest markets and personal banking. Excluding one-off items in these segments, generally higher economic uncertainty and continuously high competition in the mortgage market could be seen...
While there are signs of green shoots in Royal Bank of Scotland's revenue generation, challenges regarding litigation and restructuring costs, as well as revenue generation, remain to be dealt with in the short term. RBS posted 2018 full-year annual net income of GBP 1.6 billion versus GBP 752 million in 2017. While operationally somewhat better than the previous year, significantly lower restructuring costs were the biggest supportive factor in 2018. Although it is rather slower than peers, it ...
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