7th April - Financial Calendar

Ah, thanks.......which is nicely after the end of the tax year and comes under the new divi rules.

Exane BNP Paribas today reaffirms its underperform investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and set its price target at 70p.

Worth watching for an entry / top up point?

Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 108p (from 101p).

Bought a few yesterday.

TP 95-100. with increasing yield.

Your HYPOCRISY never fails to amaze me Freddy Boy! Day after day you rant on about Capitalism and here you are buying a bank. I won't tell Jezza if you don't!

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 82p (from 83p).

Lloyds Banking's path to 90p

1st qtr IMS tomorrow. Hoping for no surprises...only nice ones :-)

Interim Management Statement

HIGHLIGHTS FOR THE THREE MONTHS ENDED 31 MARCH 2016

Robust financial performance with stable underlying profit and strong underlying returns
· Underlying profit of £2.1 billion with an underlying return on required equity of 13.8 per cent
· Positive operating jaws of 1 per cent achieved with lower operating costs offset by marginally lower income
· Credit quality remains strong with a 6 per cent reduction in impairment and an asset quality ratio of 14 basis points
· Statutory profit before tax of £0.7 billion after the expected £0.8 billion charge relating to Enhanced Capital Notes (ECNs) which were redeemed in the period
· Strong balance sheet maintained with a CET1 ratio of 13.0 per cent (pre dividend accrual), after 0.4 per cent impact of ECNs
· Tangible net assets per share increased to 55.2 pence (31 December 2015: 52.3 pence), driven by underlying profit and reserve movements

Our differentiated UK focused business model continues to deliver in a challenging operating environment
· Cost discipline and low risk business model providing competitive advantage
· Strong underlying capital generation of c.60 basis points

2016 guidance reaffirmed
· Net interest margin for the year expected to be around 2.70 per cent
· Year-on-year reduction in cost:income ratio targeted
· Asset quality ratio for the year expected to be around 20 basis points
· Expect to generate around 2 per cent of CET1 capital per annum

The market didn't seem to like that.

The market not liking very much about Lloyds recently.
Perhaps the market should be looking towards the great income potential this stock has.

Societe Generale Buy 66.76 98.00 98.00 Reiterates

Barclays Capital Overweight 66.76 95.00 95.00 Reiterates

Deutsche Bank Buy 66.76 82.00 79.00 Retains

JP Morgan Cazenove Overweight 66.76 90.00 90.00 Reiterates

Above the 200 SMA.

My buy at 73p from October is now in profit. Only I now have no idea where to close. Would like 80p but feel risk around Brexit will likely increase as we get into the last 2 weeks

Chris in 2 or 3 years I reckon these levels will be left far behind, no PPI and maybe higher interest rates leading to greater margins, very attractive medium/long term cash cow imo. Good luck with whatever you decide.
2517

Yes - I'm quite happy with my average price in the 20s.... :-)

I thought I was doing well in the low 60's, well done skinny.
2517

I got some of these in my SIPP think I paid about 80p and 60p. Not looking too bad now but I'm holding out for a fiver :)