I need £1-15-6p to get my hbos back so keep going lloy.,.

Bb dividend news will shake this one up(wards).

that'll be a very good day.

Deutsche Bank Buy 83.03 83.03 - 90.00 Reiterates

no divi coming results, more insurance claims, buy on dip @ 70p

...seems an optimistic fellow.
.... Do try to be a little more cheerful BB it often helps :-)

Thought i was....... lol

Balerboy
I must be more specific with names in future.. LOL

Lloyds Banking Group cuts 1,080 jobs as part of revamp

Lloyds Banking Group plans to axe 1,080 jobs and outsource more than 310 roles as part of a continuing overhaul of the business.

It said the cuts would fall within its retail, risk, operations and commercial banking divisions.

The bank said in 2011 it would cut 15,000 jobs. It said the latest cuts meant it had now cut 11,760 jobs.

It said it was working through the changes in "a careful and sensitive way".

Numis raises TP to 97p!

halifax....did they mention when ;-)

We spit in the eye of 97p!

Exane BNP Paribas Outperform 82.09 110.00 110.00 Reiterates

Although it says reiterates, I can't find their previous note.

I like Exane they give my sort of numbers.,.

Update Ahead of 2013 FY Results Announcement

Ahead of its 2013 Full Year results announcement, to be released on 13 February 2014, Lloyds Banking Group (the Group) is today providing an update on its progress in 2013, Payment Protection Insurance (PPI), and its dividend policy.

In these results, the Group expects to report substantial progress on its strategic plan, a Group underlying profit of £6.2 billion for 2013, ahead of analyst consensus expectations and more than double that in 2012, a Group 2013 full year net interest margin of 2.12 per cent, and core loan growth of 3 per cent. The Group also expects to report a small statutory profit before tax for the 2013 financial year, and an estimated pro-forma fully loaded common equity tier 1 ratio of 10.3 per cent at 31 December 2013, in line with guidance.

These results and capital position reflect a further provision taken in the fourth quarter of £1.8 billion for legacy PPI business, and a further provision of £130 million relating to the sale of interest rate hedging products to certain small and medium-sized businesses. The PPI provision increase is principally based on the Group's revised expectations for complaint volumes, uphold rates, and related administrative costs.

In the second half of 2013, the Group commenced discussions with the Prudential Regulatory Authority (PRA) on the timetable and conditions for resuming dividend payments. Given the progress the Group has made in substantially strengthening its capital position and improving its financial performance, the PRA has now confirmed that it will consider the Group's applications to make dividend payments in line with its normal procedures for other banks.

In the light of this, and subject to a return to sustainable profitability and there being no major unexpected changes in the Group's business outlook or regulatory requirements, the Board expects that it will apply to the PRA in the second half of 2014 to restart dividend payments, commencing at a modest level. The Board expects thereafter to have a progressive dividend policy with the aim of moving, over the medium term, to a dividend payout ratio of at least 50 per cent of sustainable earnings.

In addition, given the Group's improved capital strength, the Board will no longer issue new ordinary shares to fund discretionary payments on hybrid capital securities.

The Group can also confirm that, following the statements made by the Chancellor in his Mansion House speech and in the Autumn Statement, preparatory work including the preparation of certain documents required for a possible future sale of shares in Lloyds Banking Group to the public, has commenced.

Commenting on the update, António Horta-Osório, Group Chief Executive, said: "Over the last three years we have reshaped, simplified and strengthened the business to create a low-risk efficient Retail and Commercial bank that is focused on our customers and on helping Britain prosper. Our significant progress in delivering sustainable improvements in our capital position and our profitability, despite legacy issues, is testament to the strength of our business model and the commitment of our people, and has enabled the UK government to start to return the bank to full private ownership.

We expect to apply in the second half of 2014 to restart dividend payments and to deliver progressive and sustainable payments to shareholders thereafter. This will be another important step in our journey to rebuild trust and confidence in our Group."


- END -

04-Feb-14 Lloyds Banking Group
LLOY Societe Generale Buy 79.53p 86.00p 86.00p Reiteration

04-Feb-14 Lloyds Banking Group
LLOY Citigroup Neutral 79.53p - - Reiteration

04-Feb-14 Lloyds Banking Group
LLOY JP Morgan Cazenove Neutral 79.53p 84.00p 84.00p Reiteration

04-Feb-14 Lloyds Banking Group
LLOY Deutsche Buy 79.53p 90.00p 90.00p Reiteration

========



BARCs is also flavour of the moment.

StockMarketWire.com
Lloyds Banking Group said it significantly improved its financial performance in the year to end-December 2013, with group underlying profit more than double at £6.2bn and a statutory profit before tax of £415m.

Return on risk-weighted assets increased to 2.14 per cent (2012: 0.77 per cent).

Underlying income of £18,805 million was up 2 per cent.

Banking net interest margin increased 19 basis points to 2.12 per cent, and to 2.29 per cent in the fourth quarter.

Costs were reduced by 5 per cent to £9,635 million.

Credit quality continues to improve: impairment charge reduced by 47 per cent to £3,004 million; impairment charge as a percentage of average advances improved to 0.57 per cent (2012: 1.02 per cent).

Core underlying profit increased by 24 per cent to £7,574 million.

Core return on risk-weighted assets increased from 2.54 per cent in 2012 to 3.26 per cent in 2013.

Statutory profit before tax of £415 million; tangible net asset value per share of 48.5p.

Statutory profit before tax of £415 million (2012: loss of £606 million) included charge for legacy PPI business of £3,050 million.

Tangible net asset value per share at 31 December 2013 48.5p (31 Dec 2012: 51.9p); includes loss on capital accretive non-core disposals, deferred tax write-offs, adverse reserve movements, and legacy charges.

2013 Results

Espirito Santo Execution Noble Sell 80.22 70.00 70.00 Reiterates

Numis Add 80.22 97.00 97.00 Reiterates

Canaccord Genuity Hold 80.06 83.53 70.00 70.00 Reiterates

Investec Hold 79.99 83.53 85.00 85.00 Reiterates

Credit Suisse Neutral 80.06 83.53 68.00 68.00 Reiterates

Some difference of opinion there Skinny.
....I suppose the rest will be coming out with their 'guesses' soon.

As ever!

much as I abhor the banks total disdain for their customers and it would seem, their shareholders; I don't think we can afford to ignore the further upside potential here over the next couple of years.

To that end I've bought a few more this morning!

Added some myself skinny!
You never know - they may come good in the end.