Chart of the week: A big question for Lloyds Bank shareholders

Trading statement tomorrow. I can't think of any major impairments that have occurred since the last, so should be positive.

StockMarketWire.com
Lloyds Banking Group's profits topped analysts' expectations in the third quarter despite falling modestly compared to a year earlier. The bank also announced that its Chief Financial Officer, George Culmer, would retire in the third quarter of 2019.

Underlying profit before tax fell 0.5% to £2.07bn and underlying return on tangible equity rose to 15.9% from 15.6%. Analysts at UBS had estimated Lloyds would report pre-tax profits of nearly £1.96bn.

Statutory profit before tax fell 7% to £1.82bn, while its common equity tier one capital ratio was 15.5%.

Net income rose 2% £13.4bn, with net interest margin stable in the quarter at 2.93%

The bank said it remained on track to deliver on improved financial targets for the full-year announced in August, as well as all of its longer term guidance.

Not bad Harry, considering restructuring and strategic investment costs. The PPI drag seems to be finally under control.

I heard the other day that beneficiaries of a will can claim for historic PPI, so that saga still drags on !
Would be nice to see the trend reverse on the graph sometime soon....getting fed up with seeing sub 70p.

Well it is blue today for a change. I'm afraid that PIs have little influence these days with high frequency trading so prevalent. The price goes where they want to take it. It is claimed that HFT provides liquidity but it really leaves the little guy at its mercy.

+1.4% on another crappy day on FTSE so I that's a result I guess.

It does shows just how pessimistic the large players have become on the UK.

A share price of 57.5 despite the rise of 1.4% is still down on the month as it started the month at 59.7.

I would like to hope this is the turning point in the share price.

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 77p (from 74p).

Good to see that Harry, but unfortunately the market isn't listening :-/

It's getting pounded on the back of RBS which is currently down 4.8%.

RBS making provisions for bad debts due to Brexit appears to be the issue. Oh and falling NIM. And I don't know what else and feel the best thing to do might be to come back at Christmas.

Which one ?

:-)

The Christmas where someone predicted LLOY would be a pound.

Well one year I'll be right :-)

Still got all mine.

Flippin' heck.....one step forward, two steps back every time!

Save for HSBC the banks are taking a hammering along with building stocks.

Did I read somewhere else that Banks have another round of payments to make? - er, like repeating the PPI which appears never to conclude....
However, I don't recall if it was Banks generally -or one specific Bank - could even be Shareholder Distress Rumpus gaining traction......
-

Jefferies International today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and raised its price target to 99p (from 91p).

I agree with Jefferies.

I only wish the market would!


8-)

So many top companies looking good value or cheap.

Good old Jeffers :-)))