Got to take the brokers recs on any company with a block of salt, the vast majority are next to useless as a guide on where the sp is going, imo.
2517

FTSE down 50 points abd the banks get hammered ,why ?

This and Barclays down around 5 percent .

They have been naughty boy's Jimmy.


Proactive Investor =
Britain's big banks were lower on Monday after reports that they are likely to have to set aside more money to cover the cost of payment protection insurance mis-selling.

Shares in the sector fell on news that the UK's four listed clearing banks and Santander UK were set to reveal a combined bill of at least £5bn when they report earnings for 2015 next month, according to Sky News

I did know that but not to that extent 5 billion ! . Thought most of it was out in the open .

Selected from dc tips thread.

When Lloyds publishes full-year results on 25 February, JPM expects to see a 2p dividend, including the 0.5p special, and adjusted EPS of 8.2p. That puts the shares on a PE ratio of just 8 times.

"We believe that Lloyds is best positioned within the sector to complete its balance sheet transformation and become a dividend growth story," says the broker. "We view any pull back as a buying opportunity. Lloyds remains our top UK bank pick."
2517

Also from post 4893 looks like RBS to be hit the hardest.

From that post----''Analysts believe that the Lloyds PPI bill will pass £14billion next year.''

As it currently stands @ £13.9billion I reckon that's a racing certainty.
2517

The 2p dividend would be very nice but I'd prefer the share stop falling. Never thought I'd see it back here again

Bloomberg are reporting that G. Osborne has commented that the sale of LLOY shares to the public will only happen when the markets have stabilized. Not yet found anything to support that on the usual press web sites.

it was on bbc news
interesting that he is being castigated for selling lloyds shares last year at 81p when they now languish at 64p

My post on 14th December 2015

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

An interesting graph at the top of this post. Just bought and hopefully the upside will replicate the downside shown..............Time will tell!

Two final divis and an interim in the next 14 months should ease the pain!

Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 101p (from 104p).

Trend is still down which is disappointing.

Well apart from my holding from down at 40p from years ago I though 73p was a good entry. Hey what do I know?
All the banks starting to look way oversold to me. Took some BARC today.

I believe your right CC , same with BARC..

As the market is forecast to start lower today,we might be getting to a new good entry point imo. HeyHo we shall see but I shall soon start buying for long investment periods rather than trading this one.

I think my buy at 73 has already turned into a long term investment

....all mine turned that way some time ago ;-(

In fact nearly everything in my portfolio apart from a few builders and trades placed this week are now a long term hold. Nothing a 5% rally on FTSE wouldn't fix but frustrating nevertheless