Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 80p (from 83p)

Swines!

Bought some today at 64.54 to sit on for 10 years. Collect the dividend and capital appreciation

I'm generally supportive of the buy-back. If they have cash they do not know what to do with generated out of profits best to improve EPS rather than sit on it.

Also, it means I pay tax in a later period as I've not got them all in a tax free wrapper.


Now, what was that target £1 by the end of the year or something. That would do just fine.

CC , I said by xmas but didn't say which one :-)

Had a dabble today with Lloyds. 72p good enough for me hopefully in next few weeks.

Interim Management Statement

HIGHLIGHTS FOR THE THREE MONTHS ENDED 31 MARCH 2018
Strong financial performance with significant increase in profit and returns on a statutory and underlying basis

· Statutory profit before tax of £1.6 billion, 23 per cent higher, with return on tangible equity increasing to 12.3 per cent, reflecting improved underlying profit and lower below the line items

· Net income at £4.3 billion, 4 per cent higher, with net interest margin increasing to 2.93 per cent

· Cost:income ratio further improved to 47.8 per cent with positive jaws of 9 per cent

· Asset quality remains strong with an asset quality ratio of 23 basis points

· Balance sheet strength maintained with strong CET1 capital increase of 50 basis points in the quarter and CET1 ratio of 14.4 per cent pre 2018 dividend accrual1

· Tangible net assets per share higher at 52.3 pence2, driven by strong statutory profit

· Strong start to the year with no change to the financial targets for 2018

more.....

Shore Capital today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and set its price target at 66p.

Will LLoyds reach 100

https://uk.finance.yahoo.com/news/lloyds-share-price-reach-100p-090044577.html

Do Fool get their ideas from Dil

:-)

StockMarketWire.com
Lloyds Banking Group said Friday it had agreed the sale of its Irish residential mortgage portfolio to Barclays Bank for around £4bn.

The transaction - expected to be completed in the second half of 2018 - would generate approximately 25 basis points of CET1 capital upon completion, slightly better than originally expected, Lloyds said.

The transaction would also generate a pre-tax loss on sale of roughly £110m, which would be recognised in the first half results. The sale was in line with the group's strategy of becoming a low risk, UK focused bank, Lloyds said.

'Following the transaction the group will have minimal exposure to Ireland and the total outstanding run-off portfolio will be around £4bn, less than 1% of the group's loans and advances to customers,' it added.

StockMarketWire.com
Lloyds Banking Group said Friday it had sold its 3.3% remaining stake in Standard Life Aberdeen at a price of 352.5p per share raising proceeds of £344m.

There would be no impact on the income statement as the investment had been accounted for at fair value through other comprehensive income, Lloyds said.

Hmmmmm.

Double hmm.

I could do with this turning up now.

CC...turn up long overdue.
It was a very clever move the government unloading billions of shares at 72p at the same time getting PI's to invest at around that price...now pushing the sp down on a daily basis, and all these shares being bought back not making a jot of difference!

Does anyone know if LB sold the Free-Wills service?
These are home-to-roost with Banks acting as Executors ( from the small print), - and they can charge the family £££ots of Commission.So the Free-Wills was a lie from the Start, er, IMHO... Although Folks should have seen it coming ... One smells another PPI-scandal in the making; as the family who trusted the Banks to be acting neutrally....are discovering to their cost.
I'm NOT saying LB was doing this - merely asking, if they did? Anyone?

FWIW...sp has not shifted much over the years, but probably "over £1" is unlikely for some time to come.

HSBC today reaffirms its hold investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 70p (from 72p).

Swines!

I cannot say this for certainty hangon but I'm 99.5% sure Lloyds did sell the free wills service. My Dad who banks with LLoyds was approached and he was sensible enough to understand the implications.

However, can consumers not just resolve this by writing a new will and appointing a new executor?

CC,

Your upturn coming to reward you.

Ummh, will I or won't I.

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 62.40p (from 76p).