|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.3600 - 0.3760|
|52-week range||0.3100 - 0.9100|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||5.01|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||16 Apr 2020|
|1y target est||N/A|
Lloyds bank reports loss after setting aside £2.4bn. Group posts second-quarter loss at £676m after allowing for bad debts due to Covid-19
Lloyds Banking Group swung to a rare pretax loss in the first half of 2020, after setting aside a bigger than expected 2.4 billion pounds ($3.1 billion) second-quarter provision to cover a potential hike in bad loans due to the coronavirus. The United Kingdom's biggest domestic bank, seen as a bellwether for the wider economy, said it had adopted a gloomier outlook and estimated the impact of lockdown measures was "much larger" than previously forecast. It said Britain's GDP could shrink by 17.2% over the year, compared with a 7.8% fall previously modelled as the worst-possible outcome at Lloyds' first quarter results in April.
Lloyds Banking Group’s black stallion has bucked, and spooked the rest of the stable. Three months ago, Lloyds — considered a UK bellwether by virtue of its scale and domestic retail banking focus — took a comparatively optimistic stance. Lloyds’ new base-case scenario puts both growth and unemployment at worse levels than its most pessimistic view back in April, and below those of Barclays.