didn't stop there long though..

back in this one in front of interim results, can't see much downside if you discount all the waffle about europe and political dithering re bank regulation.

Hi All
What date is the interim results, please.

interim results due to be announced on 4th august.

LLOY jumped up over the last few days with a nice +2.5 today.
Decided to bank the profits on my longs and will wait for the next pullback to buy back in again. I think it's only up today because of a benign US from last night and BP recovering. Budget next week and so another big question to be digested.

All the banks have had a good few days - options expiry tomorrow maybe?

Reacting well to the budget news.

Probably jump to 65-70p and sucker another load of mugs in, then plummet to 40p again. Nice if you jump out at the right time, bit of a bugger if you dont.

interim results due soon,government needs them to succeed in order to float our shares.

moving up nicely this morning.

FWIW I suspect this "rise" is relief that the Budget isn't attacking Banks even more. Time weill tell if LLOY is hugely profitable and a "giver of good Yields" - as was the case before the Exec.Duffers drank from the poison challice the LGov gave them. That was gross folly and the sp/bailout was the consequence. It is about time those (then-)-directors were stripped of their benefits.
I have a v.sm holding, but "might" top-up when there is some visabilty for repayment of the Loan....

hangon if you are really a shareholder it might be a good idea to think a little more positively not dwell in the past. One thing is certain our new government will be anxious to see lloyds become a successful banking business in order to profitably dispose of our shareholding before the next election.

On the move up today

As the other banks are following through

Questor share-tip: Lloyds is a buy

Lloyds Banking Group is cleaning up its act. When your list of misdemeanours, perceived or real, is as long as Lloyds's charge sheet this is not an overnight project, but the UK's largest high street bank is getting there.

Published: 6:00AM BST 06 Jul 2010

Lloyds Banking Group

On Monday it took a major step by selling HBOS's integrated finance business a significant slice of the business that got HBOS and then Lloyds into so much trouble to private equity business Coller Capital.

Although the 332m deal will not be "material to the group's accounts", as the bank put it, it is material to the future direction of the bank. HBOS's integrated finance arm was the part of the bank that invested alongside private equity partners in businesses including housebuilders, retailers and property companies. Although the equity investments were not always substantial the debt the bank provided alongside the equity was, and was part of the reason HBOS was hit so hard by the financial crisis.

By distancing itself from this business, Lloyds has demonstrated its commitment to lower-risk banking. Lloyds' shares have not recovered as significantly as RBS's the other major bank the Government had to bail out. Questor does not think the Lloyds has worked through all of its legacy issues, but it is on the right track.

Eric Daniels, the bank's under fire chief executive, waived his bonus in a further sign of contrition from the bank. As Questor pointed out last time it covered Lloyds, the time may have come to let bygones be bygones.

True, the bank suspended its dividend after the going cap in hand to the Government, and true there is still a lot of uncertainty about the general economic picture in particular the property market and wider financial market on whose fortunes much of Lloyds success will lie. However, given the circumstances the bank produced good, consensus-busting figures in its most recent set of accounts.

In its advertising Lloyds claims it is "there for the journey". We think investors should buy a ticket too.

A list of 91 banks that will be subject to "stress-testing" across Europe was released late on WednesdayHSBC BarclaysRoyal Bank of Scotland and Lloyds are on that list
Have they just got to spell their name correct to pass?HSBC could be a good bet?
What a waste of time
Dont count this leave that outohwe mustnt mention thisand our dealings with Goldmans dont countI had my fingers crossed!

From last week's Shares Mag:
"Nomura banking analyst Robert Law has upgraded Lloyds Banking Group (LLOY) from reduce to buy and increased his price target from 53p to 80p, citing the firms exposure to improved margins in its domestic operations.
Law, who highlights Lloyds as his preferred UK bank, indicates this improvement is being driven by the difference between benchmark mortgage rates and the current low short-term interest rates.
He is also confident the banks capital position is adequate, adding planned debt reductions should allow the company to meet the new Basel III regulations on capital, due to be introduced in 2012.
Law notes that as a largely retail bank, Lloyds looks less vulnerable to regulatory change affecting the capital markets area. He indicates the key risk to this positive view is the funding structure, with a significant reliance on wholesale funding."

Can anybody see these hitting 80p

Of course with time
and today has reached 60p+

sp rising with the market,results due in 3 weeks.

from the TELEGRAPH - market report

Banks underpinned the blue-chip index's advance after The Committee of European Banking Supervisors unveiled some details of its stress tests for lenders. Dealers reacted positively as the tests do not appear to be as stringent as feared.

The sector also benefited from a push from strategists at Credit Suisse. Andrew Garthwaite upgraded the banking sector to "benchmark" from a 10pc "underweight". The broker argued European sovereign credit risk is overstated and macroeconomic factors are now more supportive. Other positives for European banks include attractive valuations, easing of lending conditions and tax increases being watered down. Royal Bank of Scotland put on 1 to 44.3p and Barclays rose 10.4 to 302p.

Elsewhere in the sector, Lloyds Banking Group perked up 2 to 60p after Bank of America Merrill Lynch reiterated its "buy" rating on the stock, arguing the shares may double in the next two years.