|Bid||0.0000 x 312300|
|Ask||2.2300 x 396000|
|Day's range||2.1700 - 2.2300|
|52-week range||1.7000 - 2.6300|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||6,727.27|
|Forward dividend & yield||0.10 (4.01%)|
|Ex-dividend date||05 Aug 2022|
|1y target est||3.08|
SVB deal soothes broader markets, but stress haunts banks.
Add a forecast £1.8bn dividend to a proposed £2bn share buyback and Lloyds Banking Group is, in effect, offering its shareholders an 11pc cash yield on its £34bn market capitalisation. That beats inflation, let alone government bonds, so patient investors are being paid to just sit and wait out any economic – or political – squalls.
Four of Britain’s biggest banks have pocketed an extra £5.5bn by failing to pass on rising interest rates to savers.