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LYG - Lloyds Banking Group plc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 6, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
    Staff Member

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    Lloyds Banking Group plc (LYG) is a major British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. The Group's history stems from the founding of Bank of Scotland in 1695 by the Parliament of Scotland before the Act of Union, which is the second oldestbank in the United Kingdom. The Group's headquarters is located at 25 Gresham Street in the City of London and its registered office is on The Mound in Edinburgh. Lloyds Banking Group's activities are organised into: Retail Banking (including Mortgages and Sole Traders); Commercial; Life, Pensions & Insurance; and Wealth & International. Lloyds' has extensive overseas operations in the US, Europe, the Middle East and Asia.

    Following the takeover, the Group stopped using the name HBOS publicly. The Halifax brand, products and pricing were discontinued in Scotland until reestablished in 2013. The Halifax and Lloyds Bank brands are used in England and Wales and the Bank of Scotland brand is used in Scotland, each offering different products and pricing. Lloyds Banking Group's CEO António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".

    Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately GB£57.7billion as of 4 March 2014—the 7th-largest of any LSE company. It has a secondary listing on the New York Stock Exchange, where it has a market capitalisation value of US$34.45 billion. At the end of October 2015, HM Treasury held a shareholding of just under 10% through UK Financial Investments.
     
  2. Timbo

    Timbo Active Member

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    Wonder how this is going to do.
     
  3. BermudianOption

    BermudianOption Active Member

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    Bump.
    [​IMG]
    Looking at this as a long term play:
    [​IMG]
     
    rg7803 likes this.
  4. rg7803

    rg7803 Active Member

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    It is a good bank. It is managed by a portuguese ... :D
     
    BermudianOption likes this.
  5. BermudianOption

    BermudianOption Active Member

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    Jumped into a long position on some LYG Jan 2019 calls. Interested to see how this plays out....
     
    rg7803 likes this.
  6. BermudianOption

    BermudianOption Active Member

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    Showing signs of strength longer term:
    [​IMG]
     
  7. BermudianOption

    BermudianOption Active Member

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    @rg7803 where are you in LYG? Price action is looking juicy so far.
     
    #7 BermudianOption, Jan 12, 2018
    Last edited: Jan 12, 2018
  8. rg7803

    rg7803 Active Member

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    To be honest no. Was not in my radar lately! You in?
    3.80 definit/ behind. Good chart!
     
  9. BermudianOption

    BermudianOption Active Member

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    Yeah, bought some $3 calls when we saw a close above $3.66. Doing well so far, might unwind some if it gets to the $4.30 area.
     

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