Morgan Stanley downgraded Lloyds Banking from Overweight to Equal-Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | Overweight → Equal-Weight | Morgan Stanley | |
| 10/4/2024 | Neutral | Goldman | |
| 9/5/2024 | Hold | Kepler | |
| 8/5/2024 | Buy → Neutral | Citigroup | |
| 7/26/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 7/5/2024 | Neutral → Outperform | Exane BNP Paribas | |
| 5/9/2024 | Buy | Deutsche Bank | |
| 4/25/2024 | $2.75 | Hold | Berenberg |
Lloyds Banking Group (NYSE:LYG) reported quarterly earnings of $0.08 per share. This is unchanged from the same period last year. The company reported $3.79 billion in sales this quarter. This is a 32.74 percent decrease over sales of $5.63 billion the same period last year.
In a move that could solidify its status as Europe’s most valuable startup, Revolut, a UK-based fintech major, is reportedly eyeing a valuation of over $40 billion in an employee share sale. What Happened: Revolut, which is backed by SoftBank Group Corp. (OTC:SFTBY), is working with Morgan Stanley to sell approximately $500 million worth of existing shares, including those owned by employees, Financial Times reported, citing three people with knowledge of the plans. The proposed valuation would represent a 21% increase from Revolut’s $33 billion valuation in its 2021 fundraising round. This would also place Revolut’s market capitalization on par with that of Lloyds Banking Group Plc. a
6-K - Lloyds Banking Group plc (0001160106) (Filer)
FWP - Lloyds Banking Group plc (0001160106) (Subject)
FWP - Lloyds Banking Group plc (0001160106) (Subject)
Morgan Stanley downgraded Lloyds Banking from Overweight to Equal-Weight
Goldman initiated coverage of Lloyds Banking with a rating of Neutral
Kepler initiated coverage of Lloyds Banking with a rating of Hold