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).

Swines!

er - the price is currently 62.05 and they are recommending buy with a target of 62.4

I'm ignoring them

StockMarketWire.com
Lloyds Banking Group reported Wednesday improved first-half profit driven by increased underlying profit and lower PPI charge.

The PPI charge of £550m included an additional £460m in the second quarter and would cover claims volumes of approximately 13,000 per week until the deadline in August 2019, compared to the 11,000 run rate previously assumed, the company said.

For the six months to 30 June, underlying profit rose by 7% to £4.2bn and statutory profit before tax rising 23% $3.1bn.

Total income was 2% higher at £9bn.

Net interest income of £6.3bn was up 7% amid improved net interest margin and increased average interest-earning banking assets which were 1% higher at £436bn.

The net interest margin increased by 11 basis points to 2.93%.

Net income rose 2% to £9bn, with improved margin of 2.93%.

'Given the strong performance, the Group now expects net interest margin for 2018 to be in line with the first half of 2018 and for the margin to remain resilient over the plan period,' the company said.

The strong performance supported a capital build of 121 basis points as the groups CET1 ratio increased to 15.1%.

The firm will pay an interim dividend of 1.07p per share.

'We now expect net interest margin to be in line with the first half of the year, the asset quality ratio to be less than 25 basis points and for capital build to be c.200 basis points, at the top end of our guided range. All other longer term guidance remains unchanged,' Lloyds Banking said. At 8:04am: (LON:LLOY) Lloyds Banking Group PLC ORD share price was +1.2p at 63.58p



Story provided by StockMarketWire.com

shame MAM seems not to have noticed.

DIVI @ 65p pays 4.69 % 0n your money no ppi 2019 s/p min 75 p @ 64p a 15% cap gain BB

Deadline for PPI claims is Aug 2019, so probably more correct to say no ppi 2020....otherwise am happy to go to 75p!

Chart of the Week: Will Lloyds ever recover?

Target of 40p?? I might as well go and stick my head in the sand for the next 10 years right now.

I don't agree. lol.

Neither do I.

I think the banks are undervalued.

The problem is the market doesn't.

The market is causing me pain.

I sold in January for a small profit plus divi's having held them for 2 years. I wouldn't be looking to buy back in just yet.

XD tomorrow for 1.07p but even that isn't helping.

Looks likely to breach 60p when it goes XD tomorrow, if it doesn't breach today!

Ouch