Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wednesday preview: US corporate results, Lloyds in the spotlight

(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in. Among the corporate names due to report are Boeing, IBM, and Intel.

Investors will also be digesting the latest results out from Tesla.

On the economic side of things meanwhile, the IFO institute is due to release the results of its business confidence survey for April.

Stateside meanwhile the Department of Commerce will release durable goods orders figures for the month of March.

In the company arena, it's Lloyds that will be in focus, as the lender publishes its first quarter numbers.

UBS analyst Jason Napier was anticipating profit before tax of £1.61bn or £1.67bn excluding remediation charges, for a common equity tier one ratio of 13.9%.

Lloyds had guided towards 2024 net interest margins in excess of 2.90%.

According to UBS analyst Jason Napier, the lenders' shares were trading on 6.5 times' his estimated adjusted earnings per share for 2025.

In turn, that implied a significant 'miss' on Lloyd's target for return-on -tangible-equity and/or "substantial" costs to shareholders from motor finance redress.

The findings of the FCA's review of motor finance commissions were due on 24 September.

Wednesday 24 April

INTERIMS

Tracsis

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Durable Goods Orders (US) (13:30)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

MBA Mortgage Applications (US) (12:00)

FINALS

1Spatial, Sanderson Design Group, Star Energy Group, Tortilla Mexican Grill, Warpaint London

AGMS

Abrdn , Allianz Technology Trust, AssetCo, Breedon Group , British American Tobacco, British American Tobacco, Bunzl, Coro Energy, Croda International, Entain, Greencoat UK Wind, Nichols, Primary Health Properties, Synectics, Woodside Energy Group Ltd NPV (DI)

FINAL DIVIDEND PAYMENT DATE

Conduit Holdings Limited Com Shs (DI)

Q1

HSBC Holdings, PensionBee Group

Share this article

Related Sharecast Articles

RBC Capital lifts Centrica to 'outperform', shares rally
(Sharecast News) - RBC Capital Markets upgraded Centrica on Friday to 'outperform' from 'sector perform' and lifted the price target to 170p from 145p.
Jefferies reiterates 'buy' on National Grid, trims price target
(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.
JPMorgan reiterates 'overweight' on Whitbread
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Short-lived sunny spell helps boost UK supermarkets
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.