Lloyds Banking Group PLC (ADR) (LYG) is Downgraded by BofA/Merrill to Underperform

Lloyds Banking Group PLC (ADR) (LYG) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 27, 2016.

Lloyds Banking Group PLC (ADR) closed down -1.01 points or -23.27% at $3.33 with 4,41,43,688 shares getting traded on Friday. Post opening the session at $3.2, the shares hit an intraday low of $3.17 and an intraday high of $3.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Lloyds Banking Group plc is engaged in providing financial services to individual and business customers in the United Kingdom and in certain locations overseas. The Company offers retail and commercial banking and long-term savings protection and investment. It operates through five segments: Retail Commercial Banking Consumer Finance Insurance and TSB Banking Group plc (TSB). Retail segment provides banking mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking segment provides banking and related services to business clients. Consumer Finance segment provides asset finance and credit card products. Insurance segment provides long-term savings protection and investment products as well as general insurance products in the United Kingdom. TSB is engaged in retail banking business. Its services are offered through various brands including Lloyds Bank Halifax Bank of Scotland and Scottish Widows.

Lloyds Banking Group PLC (ADR)

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