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Consider Buying Lloyds Bank

Logan Duvall profile picture
Logan Duvall


  • The UK government has divested its shareholdings completely and Lloyd’s Bank is now entirely in private hands.
  • Other aspects should not be ignored but the worst looks to be over for
  • Lloyds Bank is positioned to continue growth and produce solid returns.

In spite of uncertainty in regards to Brexit, Lloyds Bank (NYSE:LYG) appears to be a fairly valued investment opportunity. The 6% dividend is a nice concession while investors wait.

Lloyds Bank

Founded almost 250 years ago, Lloyds Bank plc is a British bank and its registered office is in London. The bank's branches are spread across England, Wales and many other parts of the world. It provides internet banking, mobile banking, and phone banking apart from traditional ways of banking. Some of the relevant banking products are current accounts, credit cards, loans, savings, ISAs, home insurance, motor insurance, mortgages, investments, and life insurance.

Brief Introduction and Important Milestones in the Last 20 years

  • In December 1995, Lloyds Bank and TSB merged to form Lloyds TSB. However, it was another four years before the new bank became a high street name.
  • In January 2009, in the midst of a global financial crisis, Lloyds TSB took over HBOS plc.
  • Lloyds TSB became the Official Banking and Insurance Partner of the London 2012 Olympic and Paralympic Games.
  • On 9th September 2013 Lloyds TSB once again became two separate banks.
  • 2015 was a milestone year for Lloyds Banking Group as they celebrated the 200th anniversary of Scottish Widows, the 250th anniversary of Lloyds Bank and the 30th year of the Lloyds Bank Foundation.
  • The Group emerged as the most profitable bank in the UK from 2012-2016. The Group has paid a dividend of over £5 billion to its shareholders.

UK Bailout and Lloyds Bank

In the aftermath of the financial crisis in 2008, the group had reported a loss of over £25 billion when Lloyds TSB took over Britain's biggest lender, HBOS, for £12 billion. As a part of the bailout, the UK Government had invested over £20.3 billion and acquired a 43% stake in the Group. UK Financial Investments Limited (UKFI) manages the UK

This article was written by

Logan Duvall profile picture
As long as I can remember I have been very passionate about financial success. I have read many books and dedicated countless hours to research. Sowing Prosperity is my outlet to help others. Through my experiences of making money in the stock market, buying investment properties, being 10x my annual income in debt, becoming debt free, losing my life savings in the stock market and starting over, I can help guide and steer clear of major pitfalls. It's not nearly as hard as it seems. The mission of Sowing Prosperity is to understand and utilize principles and actions for a life of financial freedom. We learn by breaking down the principle of Sowing, Cultivating and Reaping (Harvesting). Principles are timeless laws that govern life. Therefore we will start with the greatest book ever written, the Bible, and build a toolbox for achieving prosperity in life.

Analyst’s Disclosure: I am/we are long LYG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Because I am not an investment professional, this article is not the equivalent of investment advice. This should not be interpreted as an investment recommendation as the opinions expressed in the article are entirely my opinions. The details and data in the article should only be used for informational purposes. Anyone who believes the research above warrants further action should do their due diligence on the material to determine whether or not the investment is suitable for them. Investors need to perform their own due diligence and it would also be beneficial for them to seek advice from the broker-dealer or financial advisor before making an investment decision.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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