Still dropping.......sub 72p looking likely.

Deutsche Bank retains buy on Lloyds Banking Group, target cut from 96p to 91p.

Share price also suffering from more selling by HMG yesterday!

And the other Brokers.

Barclays Capital Overweight 73.19 105.00 105.00 Retains

Societe Generale Buy 73.19 100.00 98.00 Reiterates

JP Morgan Cazenove Overweight 73.19 105.00 98.00 Reiterates

Berenberg Sell 73.19 55.00 55.00 Reiterates

No UKFI selling today with shares below 73.6p...all down to the computers now

I didn't see the HMG sale yesterday. What %age is still remaining with them?

Harry - 9.89%

Thanks. Still a way to go then. It seems that HMG are going to constantly sell at c78p level, so until they are out completely the upside is going to be limited.

On the way up again.....ready for HMG to dump some more!

Not the best choice, since I bought yday!!!

Not a great day for lots of stocks. I bought at 72.4p and am happy to wait until it gets to 77.5p.....i.e. just before HMG knocks the sp back down again!

What spooked the banks today ?

PRA Stress Test Thresholds Comfortably Exceeded

LLOYDS BANKING GROUP COMFORTABLY EXCEEDS PRA STRESS TEST THRESHOLDS

Lloyds Banking Group plc (the Group), together with six other financial institutions in the UK, has been subject to the 2015 stress test conducted by the Prudential Regulation Authority (PRA).

The test assesses banks' capital adequacy against a 4.5 per cent Common Equity Tier 1 (CET1) capital threshold and a 3 per cent Tier 1 Leverage threshold. While the focus of this year's stress test was primarily on emerging markets and trading operations, it also reflected a material shock to UK corporates and households as well as a more severe view of conduct provisions. The key assumptions impacting the Group's operations included the more severe view of conduct provisions, unemployment peaking at 9.2 per cent and UK house and commercial property prices falling 20 per cent and 30 per cent respectively.

Result of stress test
The Group comfortably exceeds the capital and leverage thresholds set out for the purpose of the stress test and is therefore not required to take any action as a result of this stress test.

In the trough of the stress, the PRA calculated the Group's estimated CET1 ratio as 9.5 per cent and its leverage ratio as 3.9 per cent, compared with a reported CET1 ratio of 12.8 per cent and leverage ratio of 4.9 per cent as at 31 December 2014.

Group Chief Executive, António Horta-Osório said:
"We are pleased to have comfortably exceeded the thresholds under this year's PRA stress test. These strong results, which again reflect a material stress to the UK economy, demonstrate the progress we have made in de-risking our balance sheet as well as the Group's strong capital position and capital-generative business model."

The change in the CET1 ratio in the stress, as calculated by the PRA, of 3.3 per cent primarily reflects the more severe view of conduct charges as well as the impact of increased impairments. In the first nine months of 2015 the Group has already recognised conduct charges of £2.4 billion, equating to over 1.0 per cent of CET1 capital. In addition the Group has indicated that if reactive PPI complaint volumes remained at the same level as the first half of 2015 it would have to increase the provision by an additional £2.5 billion, equating to approximately a further 1.0 per cent of CET1 capital, in the 15 months to the end of 2016.

Under the stress scenario it is assumed that the payment of dividends would cease. Given the Group's strong capital position it did not submit any additional management actions for PRA consideration. In practice, the Group would take such management actions to mitigate the impact of a severe stress in order to protect its capital position. As a result of the Group's strong capital base none of its convertible capital securities1, including its Additional Tier 1 (AT1) instruments, converted into equity in the stress test.



The Group continues to make further significant progress in strengthening its capital position. In the first nine months of 2015 the Group's CET1 ratio increased by 0.9 per cent (or by 1.1 per cent excluding the dividend announced with the half year results) to 13.7 per cent, driven by underlying earnings growth and the further de-risking of the balance sheet. The Group continues to expect to generate 1.5 - 2.0 per cent of CET1 per year before dividends and, while capital rules are still evolving, continues to target a steady state CET1 ratio of around 12 per cent plus an amount broadly equivalent to a further year's ordinary dividend.

Further details
Details of the PRA approach to the stress test and the detailed results in relation to all participating banks are available from the PRA website.


- END -

Lovely! Nicely in profit and ready to sell before HMG!!!

Lloyds makes list of top tips for 2016

Early days yet I know, but if weakness persists into 2016 I wonder if the £2B sale will go ahead.
2517

Gov "don't care" - it's not their money - so the Sale will "Go-Ahead" when they can get away with it.... probably before some Election . . . . so they can tell us it was good for Britain ....and... good for the Country ( which surely =the self-same thing?)....

The only reason LLOY needed Gov money was the G.Brown Gov insisting they took-on HBOS when anyone could see that there was toxic debt in the Banking Sector . . . and the only figures LLOY could really "know" were their own.
Look at the sp- it was about £2.50 prior . . . and later, below 25p -as the Market fell away . . . I'm not suggesting it would have remained at £2.50 - who knows?
It might have risen (!) because LLOY wasn't saddled with debt . . . . until the Gov started the LLOY / PPI horror . . . . was that the only source of money for LLOY lending? Surely it was a small percentage of the loan-cost . . . probably no more than 20% - sounds a lot, but that has been costing LLOY shareholders dearly, for rather too many years..... IMHO.
Still plenty of get-rich companies jumped on that bandwagon . . . "Mis-sold PPI" . . . and I worry that it is THEY who should be under Regulatory investigation too.

That's it . . . I still hold LLOY and believe it is likely to show some gains in the future, despite Gov. folly in almost every direction....Not so sure for "new investors" at today's price, but it's v.unlikely to dip to 38p, unless you know different.

Hangon "and later as low as 38p"

I hold quite a few of these and the lowest that I paid, was 24.48p in December 2011.

The low was 21.65p on 23rd November 2011.

wow. Sub 70p for Lloy. I thought I'd got a bargain at 73p. lol. Same as all the other bargains I seem to have at the moment - underwater and waiting for the FTSE to find some balls.

Skinny, thanks I've changed it to read "...below 25p"
Currently, though I doubt LLOY will reach 38p even if the UK Gov sells their lot; so I've left that "38p" as was.
I expect that your expectation soon will be a goodly rise = when dividends get sensible - although that's my wish too, I do wonder that the Execs are rather timid . . . holding AGM's in Edinburgh where they get a big cheer from the HBOS tribes. Also, without the profitable PPI, I wonder that alternative "Branch-less" Banks won't be able to offer better Interest and therefore cheaper Mortgages ( which was said to be the main reason for snapping-up HBOS ).
If the yield rises to 2%, then yr equiv from 21p will approach 8% - so that's well done, although it's a pity abt. the lengthy delay.
EDIT (16Jan2016)- 64p after a bit of a shock, but then many sectors are being hit by Crude Oil's falling to USD25 - maybe we should buy some to keep for a cold snap....Brr!