Lloyds (LSE: LLOY) share price was one of the hardest hit FTSE 100 blue chips in 2020 Banks are heavily focused on the health of the overall economy, so Lloyds’ dire performance was Equities not a big surprise, after all, last year the UK posted its worst economic decline in centuries

Is there any reason to be more optimistic this year? I think so. In fact, I see three reasons why the price of Lloyds stock could smash the FTSE 100 in 2021. Let me first briefly put the stock’s performance over the past year in the context of the index

Lloyds’ shares ended 2020 at 3644p, which was a whopping 417% below the 625p level they started the year at

The FTSE 100 also suffered an annus horribilis but was nowhere near as bad as Lloyds after starting in 2020 at 754,240 points, it closed 143% lower at 6 on New Year’s Eve46052 points

The near-term outlook for Lloyds stock price is doubtful simply because the near-term outlook for the economy is not good. In an interview with BBC’s Andrew Marr yesterday, Boris Johnson said the Covid restrictions “are likely to get tougher, this is on.” attributed to the rapidly spreading new variant of the virus

However, an initial study of the variant suggests that it is neither vaccine resistant nor causes more serious illnesses. If it does, with the introduction of mass vaccination we can expect economic activity and business confidence to rise by 2021

Just as stocks in the sectors most heavily focused on the UK economy – like Lloyds – were hardest hit last year, they could lead the FTSE 100 higher if activity starts to recover this year / p>

Not only the performance of the Lloyds share price in 2020 hurt investors. Dividends have been suspended at the request of the Prudential Regulation Authority (PRA) The PRA warned it was “ready to consider using our supervisory powers if your group does not agree to take such action”

There’s better news for 2021 The PRA announced last month that it would allow banks to “resume some distributions if their boards of directors so wish”” Dividends were a big draw for Lloyds investors before the pandemic. A resumption of payouts is likely to lead to increased demand for stocks among income seekers

After Lloyds resumed dividends after the financial crisis, the share price peaked at 89 pence in May 2015, which was 16 times the bank’s tangible net asset value (TNAV) per share of 558p

Lloyd’s current stock price of 3644p is just a 07 times its last reported TNAV of 522p I don’t see any revaluation of the stock to 16 times TNAV in the near future, however, it shows the potential for a sharp increase as economic recovery gains momentum

For the three reasons mentioned, I think it is possible that the price of Lloyds shares could smash the FTSE 100 in 2021.Nevertheless, the share remains on my watch list for the time being

With a new Chairman and CEO on the way, I’m excited to see whether the dividend will be reflected in the annual results on March 24th February at what level will be reinstated and what guidelines will apply to future payments I am also excited to see the strategy of the new management team to move the bank forward in the medium term

The Post 3 Reasons I Think Lloyds Share Price Could Smash the FTSE 100 in 2021 first appeared on The Motley Fool UK

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GA Chester has no position in any of the stocks mentioned The Motley Fool UK has recommended Lloyds Banking Group The views regarding the companies mentioned in this article are those of the author and as such may differ from the official recommendations we make on our subscription services like Share Advisor, Hidden Winners, and Pro We at The Motley Fool believe that taking diverse insights into account makes us better investors

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A new strain of coronavirus, first found in the UK, recently raised investor concerns in this Motley Fool Live Video, recorded on Dec. 23, 2020, Corinne Cardina and Fool, Head of Health and Cannabis Bureau Com writer Keith Speights talks exactly about why the new strain of coronavirus has rocked the stock market in the U.S. and what it could mean for COVID-19 vaccines Corinne Cardina: Let’s talk about the news that’s coming out of the UK So a more transmissible mutation of the virus and officials in the U was reported said it could be up to 70% more transmissible than the original strain

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Many New Year predictions are unlikely to come true, however, but here’s one that seems pretty certain: There will be multiple biotech acquisitions Admittedly, this prediction is certain with multiple biotech deals being closed each year. p>

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(Bloomberg) – Chinese oil companies may be next up for delisting in the U.S. After the New York Stock Exchange announced last week it was removing the Asian nation’s three largest telecommunications companies, China’s largest offshore oil producer, Cnooc Ltd Henik Fung, an analyst at Bloomberg Intelligence, said it could be most at risk since it is on the Pentagon’s list of companies that it claims to be owned or controlled by the Chinese military, PetroChina Co. and China Petroleum and Chemical Corp., also known as Sinopec, could also be threatened as the energy sector is vital to China’s military, he said, “More Chinese companies could be delisted in the US.” and the oil majors could be the next wave, “said Steven Leung, executive director at UOB Kay Hian in Hong Kong. At the same time, the impact of the telecom removal is likely to be minimal as they have barely been traded in the US and they didn’t raise a lot of money there, he said. A Sinopec spokesman declined to comment on Cnooc and PetroChina did not immediately comment, although Cnooc said in a Hong Kong listing that it was unaware of any reasons for the “unusual” price decline on Monday that Cnooc fell 18% Monday, while PetroChina was flat, Sinopec rose 17% The three companies are mainly traded in Hong Kong, although they each have American depository receipts listed in New York, according to trade data, trading volume in Hong Kong is much higher and Cnooc’s ADRs fell 18% by 6 : 5:00 am New York time in premarket trading while PetroChina and Sinopec did not trade “The bottom line is that the impact will be very limited,” said Neil Beveridge, analyst at Sanford C Amber & Co in Hong Kong “Most institutional investors invest through Hong Kong stocks rather than US. ADRs The biggest disadvantage for investors would be the loss of transparency caused by SEC filings. “Cnooc’s appearance on the Pentagon list may be due to his drilling activities in the strained South China Sea,” said Leo Ho, an analyst at Daiwa Capital Markets. In this case, PetroChina exists and Sinopec a lower risk for US. Action, he said The NYSE said it would delist telecom operators to comply with a US Implementing Ordinance Imposing Restrictions on Companies Classified as Affiliated with the Chinese Military China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd would all be suspended from trading between Jan 7 and Jan 11, and procedures to delist them have begun, the exchange saidRead More: China’s Three Big Telecommunications Companies Are Sliding Delist SharesUS On NYSE President Donald Trump signed a resolution in November banning American investments in Chinese military-owned or controlled companies in an attempt to pressure Beijing into what it considers to be abusive business practices, the order banned US. Investors from buying and selling stakes in a list of Chinese companies classified as military by the PentagonChina’s government will take the necessary measures to protect the rights and interests of national companies, State Department spokeswoman Hua Chunying said on Monday in Beijing “China is decidedly against the US. the government’s behavior to politicize trade issues and abuse its national power and concept of national security to suppress Chinese companies, ”said Hua.“ This seriously violates the principle of market competition and international trade rules ”(Updates on ADR Prices in US. Premarket trading in the 5th Paragraph) For more articles like this, please visit us on BloombergcomSubscribe Now to stay one step ahead with the most trusted business news source © 2021 Bloomberg LP

Lloyds Stock Price

World News – UK – 3 Reasons I Think Lloyds Stock Price Could Smash the FTSE 100 in 2021

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