smarty....keep your finger on the pulse.....83p would be brill target for the end of the year.....then one more year to go and we get a divi again......looking comfortable for that time frame......cheers

Update on Current Trading

RNS Number : 8463I
Lloyds Banking Group PLC
19 March 2010

19 March 2010
UPDATE ON CURRENT TRADING
On Wednesday 24 March 2010 Eric Daniels, Group Chief Executive, will present to
investors at the Morgan Stanley European Financials Conference. The
presentation will focus on the opportunities for the Group to build sustainable
earnings momentum and will update the guidance provided to investors in the
Group's 2009 preliminary results announcement on 26 February 2010, and will
provide the following short update on current trading.

In the first 10 weeks of 2010, the Group's trading performance has been strong
and we are pleased with the Group's performance against each area of recent
guidance. The banking net interest margin is trending in line with recent
guidance and this has supported a good level of income growth, on a combined
businesses basis and excluding last year's gains from liability management
transactions.

Costs have remained well controlled and are lower than the equivalent period in
2009. Impairment provisions are currently trending at lower levels than
anticipated and as a result the Group now expects to deliver a better impairment
performance than previously guided, in both the retail and corporate businesses,
in 2010. Overall, based on the Group's current economic and regulatory
assumptions which remain unchanged since our recent 2009 preliminary results
announcement, the Group believes that it will be profitable on a combined
businesses basis in 2010.

The Group will publish its Interim Management Statement on 27 April 2010

Looks like Lloy's in for a good day

LLOY - 60.25p +4.70p (8.46%)

Lloyds Bank Expects To Return To Profit In 2010

Lloyds Banking Group PLC (LYG) said Friday that it expects to return to profit in 2010 as it reported a strong trading performance in the first 10 weeks of 2010, underpinned by good income growth, lower-than-expected impairment provisions and a tight rein on costs.

In a trading statement ahead of Chief Executive Officer Eric Daniels' presentation at a conference next week, Lloyds said "the banking net interest margin is trending in line with recent guidance and this has supported a good level of income growth, on a combined businesses basis and excluding last year's gains from liability management transactions."

In February, the 41% government-owned bank reported a 2009 pretax loss for its combined businesses of GBP6.3 billion compared with a GBP6.71 billion loss a year earlier.

Costs have also "remained well controlled and are lower than the equivalent period in 2009," the statement said.

Lloyds said impairment provisions are currently trending at lower levels than anticipated and as a result it now expects to deliver a better impairment performance than previously flagged, in both the retail and corporate businesses, in 2010.

"Overall, based on the group's current economic and regulatory assumptions, which remain unchanged since our recent 2009 preliminary results announcement, the group believes that it will be profitable on a combined businesses basis in 2010," Lloyds said.

Daniels' presentation at the Morgan Stanley European Financials Conference on March 24 "will focus on the opportunities for the group to build sustainable earnings momentum," Lloyds said. He will also update the guidance provided in the group's 2009 results announcement on Feb. 26.

Lloyds will publish a trading update on April 27. Its shares closed at 56 pence Thursday, valuing the bank at GBP37.17 billion.

Buys today.

BREAKOUT since the adjustment of last December open offer

       Look at me I am talking to you

money am chart says 74.33p maybe one day as is closing the GAP.
but the truth is 61.16p yet a full 1p UP not the same for the other banks I am afraid to say.



Did I say on the past that is not working properly, or was only the Silly COWSHARE

That is right, only LLOY on the BLUE

Closing market Report

Among the banks, Lloyds led the pack, up 1.9p at 63p, with Barclays ahead 4.3p at 357.9p and Royal Bank of Scotland 0.28p higher at 44.06p. FTSE100 new-boy Investec rose 6.5p at 558.5p.

Late on the day it seems SHORTERS were jumping the clif, as the share price went over some resitance at 62.25p.

Targets of 72 / 74p short term

FTSE Down, Barclays Down, HSBC Down, Standard Chartered Down - Lloyds UP 0.75%. Shorters panicking as they attempt to straighten books ahead of month end - only 5 more trading days to go! Fingers crossed there wil be no serious Bank Bashing in AD's Budget in 90 mins!!!!!!!!!

both LBG & RBS now up over 1%. Another LBG Director purchased 50,000 ADR's on Monday (equiv 200,000 Ord Shs). This share is on the UP - at last!

1 2 month

Hi All

LLoyds down more than most banks today, any news out there

All the best
Eddie

here we go - LBG up 11.4% during the month. Up again today (67p+). Trading Statement next Tuesday (27 Apr) - expect more bullish movements. Good luck all. Smarty

Citigroup upgrade LBG target price to 94p (from 70p) & retain BUY Rating...........sp up again against a falling market !!

If memory serves the Government bail out price was around 72p? Progress beyong this will be in the face of heavy selling.

expect it to plummet again ! be back below 60p within Three Weeks

goverment will not dump their shares in the market they will place them with long term investors and make sure the sp is not adversely effected.