Overview Of three FTSE-100 stocks: Lloyds Banking Group PLC, Barclays PLC & Glencore PLC

  • Dec 24, 2019 GMT
  • Team Kalkine
Overview Of three FTSE-100 stocks: Lloyds Banking Group PLC, Barclays PLC & Glencore PLC

Lloyds Banking Group PLC

Lloyds Banking Group PLC (LON: LLOY) is a United Kingdom-based financial services company. It has several household names like Halifax, Lloyds Bank, Scottish Widows, and Bank of Scotland. The company provides a broad range of financial services and banking, focused on commercial and personal customers. The group’s primary business is divided into several activities: commercial, retail and corporate banking, life, pensions and investment provision, and general insurance.

LLOY– News Updates

On 16th December 2019, the group, together with six other financial institutions in the United Kingdom, has been subject to stress test for the fiscal year 2019 by the Bank of England (BoE). In 2019, the stress test scenario is widely the same as compared with the last two years. This scenario reflects an increase in unemployment and interest rates and a fall in GDP and property prices. After the stress test passed, the group CET1 ratio was 8.5%, and its leverage ratio was 4.3% as compared with the hurdle rates of 7.5% and 3.47%, respectively.  On 30th September 2019, the company’s capital position stays robust. For the first nine months of the year, the company also continues to be strongly capital generative with 149 bps pre-PPI of the free capital build.

LLOY – Financial Highlights for Nine Months Financial year 2019

Due to the challenging businesses environment primarily on account of Brexit uncertainty, the group’s Net Interest Income declined by 3% to £9,275.0m against £9,544.0m it reported in a year-over period. During the period under consideration, the group’s underlying profit was £6,016m against £6,303m recorded in the same period of the previous financial year, driven by lower net interest income earned and partially offset by lower total costs and higher impairment charges. However, statutory profit post-tax slumped substantially by 47% to £1,987.0m, primarily driven by a significant surge in the payment protection insurance provision, which stood at £2,450.0m against £550.0m reported in the year-over period.

LLOY-Stock price performance

Daily Chart as on 24th December 2019, before the market closed (Source: Thomson Reuters)

On December 24th, 2019, Lloyds Banking Group PLC shares were trading at GBX 63.27 at the time of writing before the market close (at 9:25 AM GMT), up by 2 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 73.66/GBX 48.16. The stock price has delivered 24.47 per cent return in the last one year, and 18.51 per cent return in the last three months.

The company made its 52-week high of GBX 73.66 on 13th December 2019 and made its 52-week low of GBX 48.16 on 15th August 2019.

The average volume of the Lloyds Banking Group Plc shares is 280.16 million, and it has a market cap of GBP 43.57 billion.

Barclays Plc

Barclays PLC (LON: BARC) is a United Kingdom-headquartered transatlantic Consumer, Corporate and Investment Bank which offers products and services across wealth management, credit cards, personal, corporate and investment banking, with a focus on increasing cash returns to shareholders and improving its return on tangible equity on a sustainable basis. The operations of the group are differentiated in three operating segments, namely Barclays UK, Barclays International and Head Office.

BARC– News Updates

On 16th December 2019, the company published the stress test outcomes for the United Kingdom banks by the Bank of England. With a minimum of 8.9 per cent transitional CET1 ratio, the company passed the stress test, taking account of tactical management actions comprising CRD IV distribution restrictions. Therefore, the company exceeded 8.1% of stress test hurdle rate.

BARC – Financial Highlights Q3 Financial year 2019

The company’s profit before taxation (excluding litigation and conduct) for the third quarter of 2019 was recorded at £3.3 billion in Q3 FY19 as compared to £3.1 billion in the third quarter of 2018. In the third quarter of 2019, the company’s cost to income ratio stood at 62 per cent and remained flat against the Q3 FY18. In Barclays UK, the profit before taxation was £0.4 billion in the third quarter of 2019 as against £1.6 billion in the third quarter of 2018. For Payment Protection Insurance (PPI), the company also made an additional provision of £1.4 billion in Q3 FY19. By the end of Q3 FY19, the company’s tangible net asset value (TNAV) was reported at 274 pence per share.

BARC– Stock price performance

Daily Chart as on 24th December 2019, before the market closed (Source: Thomson Reuters)

On December 24th, 2019, Barclays Plc shares were trading at GBX 180.42 at the time of writing before the market close (at 9:30 AM GMT), up by 0.5 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 192.99/GBX 131.04. The stock price has delivered 23.09 per cent return in the last one year, and 22.52 per cent return in the last three months.

The company made its 52-week high of GBX 192.99 on 16th December 2019 and made its 52-week low of GBX 131.04 on 12th September 2019.

The average volume of the Barclays Plc shares is 65.72 million, and it has a market cap of GBP 31.07 billion.

Glencore Plc

Glencore Plc (LON: GLEN) is among the world’s prominent diversified natural resource companies, which is involved in the business of production and distribution of minerals and metals, crude oil and oil products, coal and agricultural products. The company currently operates in more than 50 countries and has an employee base of 158,000, including contractors. The company is currently managing over 150 mines across the globe.

Glen– News Updates

On 20th December 2019, Glencore referred to the announcement made by Katanga Mining Limited that Katanga's subsidiary Kamoto Copper Company has entered into an agreement with La Générale des Carrières et des mines to acquire from Gécamines a land package covering areas adjacent to KCC's existing mining concessions. The land containing blocks which could be used for construction tailings’ facility, and would improve KCC's ability to operate its mines, facilities, etc. more effectively. This agreement would result in mitigation of the risks for KCC's operations resulting from land constraints. KCC would pay up to USD 250 million, depending on delivery of title to the land areas, to acquire the land.

GLEN–Third Quarter 2019 Production Report (as on 25th October 2019)

In the third quarter of 2019, the group’s copper production was recorded at 1,015,800 tonnes, a decrease of 4 per cent against the corresponding period of the last year. The company’s cobalt production surged by 21 per cent to 34,400 tonnes in Q3 FY19 against the same period in 2018. The company’s zinc production for the third quarter of 2019 was recorded at 809,200 tonnes, which was 3 per cent higher than the third quarter of 2018. In Q3 FY19, the company’s nickel production stood at 89,400 tonnes, a decrease of 2 per cent from the Q3 FY18. The company’s coal production was 104 million tonnes in the third quarter of 2019, which was 8 per cent higher than the third quarter of 2018.

GLEN – Financial Highlights H1 Financial year 2019

In the first half of the financial year 2019, the company’s revenue was reported at $107,098 million against the $108,554 million for the same period in 2018. The company’s Adjusted EBITDA for H1 FY2019 was reported at $5,582 million against the $8,180 million in H1 FY2018. The company’s basic and diluted earnings per share were US$ 0.02 in H1 FY19 against the US$ 0.19 in H1 FY2018.

Stock Price Performance

Daily Chart as on 24th December 2019, before the market closed (Source: Thomson Reuters)

On December 24th, 2019, Glencore Plc shares were trading at GBX 236.55 at the time of writing before the market close (at 9:35 AM GMT), up by 0.5 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 343.90/GBX 212.10. The stock price has delivered negative 17.74 per cent return in the last one year, and negative 3.09 per cent in the last three months.

The company made its 52-week high of GBX 343.90 on 17th April 2019 and made its 52-week low of GBX 212.10 on 6th December 2019.

The average volume of the Glencore Plc shares is 34.52 million, and it has a market cap of GBP 31.55 billion.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK