losangelesnewstoday.com
losangelesnewstoday.com June 28, 2017


Lloyds Bank to shrink branches and give staff iPads

06 April 2017, 02:39 | Violet Powell

More than £20 billion has now been returned to Government coffers since Lloyds £20.3 billion bailout

More than £20 billion has now been returned to Government coffers since Lloyds £20.3 billion bailout

The government then announced in October a year ago that further sales of Lloyds' shares would also be made through a trading plan.

The volume of the particular stock is the shares bought and sold in a single trading day.

Now let's take a look at how the fundamentals are stacking up for Lloyds Banking Group PLC (LYG). Dimensional Fund Advisors LP now owns 9,067,013 shares of the financial services provider's stock worth $28,108,000 after buying an additional 1,076,870 shares during the period. Comparatively, Lloyds Banking Group plc posted earnings of $0.4 per share in the same quarter past year.

The government has continued to sell shares in Lloyds Banking Group, reducing its remaining shareholding to less than 2%. A recent bid puts the equity at $3.24. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. 3,481,454 shares of the company were exchanged.

A spokesperson for Lloyds Banking Group says: "Branches are a vital part of our strategy, and we're investing in our network to make sure it's right for the future". The firm's 50-day moving average is GBX 67.89 and its 200-day moving average is GBX 61.94.

Relative strength index (RSI-14) for Lloyds Banking Group plc (NYSE:LYG) is at 37.59.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

COLLEGE WOMEN'S BASKETBALL: It's 111-done for UConn
William scored 41 points in Mississippi State's 94-85 victory over Baylor in the Oklahoma City Regional final last Sunday night. Their streak of 111 straight wins eclipsed the previous record of 90 straight set by UConn teams between 2008 and 2010.

ATR value of company was 0.05.

Last month, RBS and NatWest announced that 158 further branches would close, while HSBC is planning to shut 62 branches this year.

LYG stock's price is now -22.34% down from its 52-week high and +38.97% up from its 52-week low.

Lloyds is already in the midst of a three year programme to shut 4000 branches by the end of 2017 as it bids to cut costs and retool for the digital age.

Beta factor of the stock stands at 0.95.

In the duration of 12 months Lloyds Banking Group PLC ORD's share price has increased by 0% to 66.32 from 0.00. Investors measure stock performance on the basis of a company's earnings power. The company presently has a consensus rating of Hold and a consensus target price of $3.50.



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