UK Government Cuts Stake in Lloyds Banking Group Below 8%
Lloyds TSB Group LYG exceeded our expectations for 2006, prompting us to boost our fair value estimate for the U.K.-based retail bank. Excluding nonrecurring items, net profit increased 14.7%, far more than the 5.4% growth we forecast. Tight expense control was the key behind this result. Continued ...
In today's market, we think careful stock-picking will be rewarded. Plus, we look at the impact of rising interest rates on banks and of ETFs on the traditional asset management industry.
Investors are overly concerned about the potential impact of falling oil prices and turmoil in Russia on the banks that we cover.
In our business, the emotional toll can be heavy.
We think it will hold up well against the threats of challenger banks and digital banking.
Increasingly bullish sentiment means investors must pick their spots carefully.
The Volcker Rule is finalized, so now banks need to worry about complying with it.
More than a dozen analyst-approved foreign large-cap funds own these names.