Lloyds puts digital banking at heart of three-year strategy

Javier Stokes
February 22, 2018

Turning to Lloyds Banking Group plc (NYSE:LYG), its shares were trading at $3.89 a gain of $0.01, on the trading floor. 93,961,632 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 143,980,000 shares.

Analysts await Lloyds Banking Group Plc (NASDAQ:LYG) to report earnings on Feb, 21 for the fiscal quarter ending Dec 2017. Finally, S&P Global set a GBX 77 ($1.06) price target on Lloyds Banking Group and gave the company a buy rating in a research report on Wednesday, October 25th.

The bank said it was the largest profit since the group was formed, after Lloyds took over troubled rival Halifax Bank of Scotland (HBOS) during the financial crisis, before itself being bailed out by the Government. Lloyds Banking Group presently has an average rating of "Buy" and an average target price of GBX 76.23 ($1.05).

Lloyds Banking Group wants to increase its financial planning and retirement open book of assets by more than £50bn by 2020 and add an additional one million new pension customers. The stock performed -7.60% to a low over the previous 50 Days and showed performance of 11.46% to its 50 Day high level. Its last month's stock price volatility remained 1.8% which for the week approaches 1.83%. The company's Relative Strength Index which shows price strength now stands at 48.5.

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The bank said it will revamp its app and digitize 70 percent of its processes by 2020, enabling it to lower its cost income ratio to the low 40s from 46.8 percent in 2017. During the past three months the stock gain 9.04%, bringing six months performance to 15.57%.

He said: "2017 has been a landmark year for the group". However, as 52 Week Range has little to no connection whatsoever with current news or forces affecting companies today, very few investors rely heavily on the metric. ROI is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile.

Press coverage about Lloyds Banking Group PLC (NYSE:LYG) has trended somewhat positive on Saturday, Accern Sentiment reports. And SharpCharts uses as a minimum 250 data points prior to the starting date of any chart (assuming that much data exists) at what time calculating its RSI values.

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