moving ahead despite FTSE going nowhere

64.61p +0.98 +1.54%

close to 65p now, not at this price for 2 weeks now

August's inflation rate of 2.9% has got the market expecting a rise on inteerest rates much earlier posibly February instead of May next year and with that Sterling rose to $1.3275 not seeing for some time or months.

So no wonder that the LLOY share price got in the mood today on a dump day for the market

A very good recovery from the opening marked down to 64.22p as the FTSE was 65 points lower.

Since LLOYDS has gone level, but the FTSE only recovered 15 points

65.38p +0.30p

Bouncing back, the opening marked down to 64.20p, second day in a row being manipulated this way, now should move to 66p as the next stage

66p +1.08p

had a good run since the hint of a rate rise..........

Pound jumps as Bank of England hints at rate rise
The Bank of England has said that higher inflation and a pick up in growth could lead to a rate hike in "the coming months".

Members of the Bank's nine-strong Monetary Policy Committee voted 7-2 to keep interest rates on hold at 0.25%.
But the committee was talking in much stronger terms about an increase, analysts said.

The pound climbed nearly 1% against the dollar to $1.3314 after the Bank's announcement.

BBC - Pound jumps as Bank of England hints at rate rise

65.82p +0.50 +0.77%

Very volatile for the last couple days but today is bouncing back

very volatile this days, but had another go at 66p and went over but did not hold, nevertheless is not far away from that point once again

Today's Broker ratings:
19 Sep Beaufort...80.00 Buy
19 Sep JP Morgan...83.00 Overweight
19 Sep Deutsche Bank73.00 Buy

Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 91p (from 87p).

[Just hoping their time frame is within my lifetime! Shame they can't even hint at a target date.]

Trading balance in LLOYDs a little unusual.

Has there been one large holder dumping?

If so who and why?

Is it TM's Brexit declaration and decisions today?



Buy Volume 248,861,181 Trade Low 66.10
Sell Volume 39,838,323

There's something about they are the biggest loans for auto's some 11 billion or so and apparently car sales are down , obviously because of BREXIT you know .

Trading statement due tomorrow.

Q3 2017 Interim Management Statement

HIGHLIGHTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017

Strong financial performance with improved profit and returns on both an underlying and statutory basis
· Underlying profit for the nine months of £6.6 billion, 8 per cent higher than the previous year, with an underlying return on tangible equity of 16.2 per cent
· Strong third quarter with income up 8 per cent driven by organic growth and MBNA
· Total income for the nine months 6 per cent higher with improved net interest income and other income; net interest margin increased to 2.85 per cent
· Positive operating jaws; market-leading cost:income ratio improved to 45.9 per cent
· Asset quality remains strong with impairment charge of £538 million; asset quality ratio of 16 basis points
· Statutory profit before tax 38 per cent higher at £4.5 billion with return on tangible equity of 10.5 per cent
· Strong capital generation of c.185 basis points with a CET1 ratio of 14.9 per cent, pre dividend
· Capital requirements continue to evolve and seeing some upward pressure

Our differentiated UK focused business model continues to deliver with the UK economy remaining resilient; well positioned for future growth
· UK's largest and top-ranked digital bank; 13.2 million online customers, of which 9 million active mobile customers
· MBNA integration now expected to complete by end of Q1 2019, ahead of schedule
· Announced the acquisition of Zurich's UK workplace pensions and savings business
· Continued lending growth in targeted segments including the open mortgage book
· Improved credit ratings from Moody's: Lloyds Bank upgraded to Aa3 and Lloyds Banking Group upgraded to A3
· New organisational structure implemented ahead of announcement of strategic review in February

Improved financial guidance for capital and net interest margin with longer term guidance maintained
· Capital generation in 2017 now expected to be between 225 and 240 basis points and will mitigate upward pressure on capital requirements
· Net interest margin expected to be stable in the fourth quarter and for the year to be around 2.85 per cent
· Asset quality ratio for the year expected to be less than 20 basis points

Take your pick!

Citigroup Sell 68.07 - 61.00 Reiterates

Barclays Capital Overweight 68.07 - - Reiterates

Deutsche Bank Buy 68.07 77.00 77.00 Reiterates

Berenberg Sell 68.07 55.00 55.00 Reiterates

JP Morgan Cazenove Overweight 68.07 83.00 85.00 Reiterates

Can I have
"
JP Morgan Cazenove Overweight 68.07 83.00 85.00 Reiterates"

Typical Capitalist's attitude , grab and run Freda .

Chart analysis: Lloyds Bank's next move