LLDTF News and Press, Lloyds Banking Group Plc From 03/22/23

2023-03-22 22:16:00 ET Summary Much has changed since the last update in September, with banks now hogging many of the top spots. Bank shares have gone down in the last couple of weeks and their dividend yields have gone up, because several banks have recently failed. If you b...

Lloyds Banking Group PLC (LYG) Q4 2022 Earnings Conference Call February 22, 2023, 04:30 ET Company Participants Charles Nunn - Group Chief Executive & Executive Director William Chalmers - Group CFO & Executive Director Douglas Radcliffe - Group IR Director ...

Summary Lloyds Banking Group plc 2022 results this morning support the undemanding expectations in our investment case. Return on Tangible Equity was 13.5% in 2022 and guided to be around 13% in both 2023 and 2024. Our forecasts only assume 11%. Net Interest Margin will likely remai...

Summary NatWest Group plc shares are down 6.6% in London this morning after results, and currently have a P/E of 8.4x and a dividend yield of 4.7%. The stock is at 1.08x Tangible Book Value when NatWest expects 14-16% Return on Equity both in 2023 and the medium term. Net Interest I...

Summary NatWest is a British Bank, which at one point was the largest in the world by assets. Since then, the business was bailed out and spent a decade restructuring itself. We believe macro conditions will continue to weaken, but believe NatWest is positioned well due to a quality loa...

Summary Harris Associates’ 13F portfolio value decreased from $62.85B to $59.68B this quarter. They added Warner Bros. Discovery and increased Salesforce, KKR, and Oracle while decreasing Keurig Dr Pepper and Humana. The top three positions are Alphabet, Fiserv, and Amazon.co...

Summary Investment-grade EM borrowers continue to achieve positive demand. Both the Kingdom of Saudi Arabia and Emirates NBD enjoyed healthy demand, further confirming the strong investor sentiment towards stronger GCC credits. Nigeria's debt stress should not currently requir...

Summary Harris Associates’ 13F portfolio value decreased from $75.90B to $62.85B this quarter. They increased Amazon.com, Meta Platforms, and Salesforce while reducing Keurig Dr. Pepper, Humana, Regeneron Pharma, CVS Health, Constellation Brands, and General Dynamics. T...

Summary The passing of the Queen has swiftly circled the globe. Now, King Charles holds the torch and has significant power over economies, especially if more hands on than his mother. Interestingly, an initiative already lays out some of the King's favorite holdings and offer...

Summary I'm launching the first edition of the UK Top 40 High-Yield Blue-Chip Stocks list. The list is based on stocks from the FTSE 100 and FTSE 250. Given the weak economic backdrop, it shouldn't be a complete surprise that the average dividend yield across this list of stoc...