Banks moving up in US on earnings predictions. Pretty obvious earnings will go through the roof with base rates where they are.

From the BBC.........

Banks 'show first recovery signs'

Confidence among banks is growing for the first time since June 2007

Financial firms may be recovering, with business volumes growing for the first time in two years, a survey has shown.

Business increased in three months to early September, said 7% of those surveyed by PricewaterhouseCoopers and business organisation the CBI.

But building societies returned to feeling "downbeat" and business levels were weak in other areas, suggesting the recovery still has a way to go.

"Future demand is still a major concern," said the researchers.

'Upswing'

On balance, 36% of financial services firms are more optimistic about the general business situation than in June.


Signs of stabilisation in the housing market... have provided some cause for 'cautious cheer'

CBI/PwC report
"For the first time since June 2007, banks are experiencing an upswing in confidence," said Andrew Gray, head of financial services consulting at PricewaterhouseCoopers.

"Confidence is, in part, offset by concerns of further impairments and the impact of 'tougher' regulation."

The UK's five largest banks recently accepted curbs on bonuses agreed by G20 leaders at the recent Pittsburgh summit, and stronger rules on overall banking are likely to follow.

Building societies

Building societies were feeling downbeat about their prospects, partly because of difficulties with funding.

The survey found that profitability at building societies was "broadly flat" over the three months, with a resumption of declines expected in the current quarter.

"Signs of stabilisation in the housing market, however, have provided some cause for 'cautious cheer'," the report said.

But it added that almost all societies were cutting operating costs and staff.
http://news.bbc.co.uk/1/hi/business/8289407.stm

CITY minister Lord Myners has taken charge of the Treasurys negotiations with Lloyds Banking Group,
raising hopes the lender will soon be able to reduce its reliance on the states toxic debt insurance scheme.

It is thought Lord Myners is willing to let Lloyds scale back its use of the costly Asset Protection Scheme (APS).

looks like todays announcements from the FSA on capital requirements arent too bad - banks will have to hold (a lot) more govt bonds. Its lucky we have a government needing to sell bucketloads of the things in the near future !!!

looks like some yield compression likely, as banks shift capital from structured instruments to govts; but I'm sure they'll make it back by charging us more for credit. Also looks likely that competition for deposits will pick up, so we might get a few bps more on savings accounts....

well posters i have been informed that lloys will doubl;e by xmas.

news to given out 7am monday

That means The Sunday papers will be filling space on the subject on Saturday night

re- Support

Someone whas saying it was at 87p but it seems my at 93p+ ( post 927 ) is more correct,
I've just looked at another one from " bar chart " what they say today ...........

LLOY.LS - LLOYDS TSB (LSE) -- 10/05/09

50-Day Average Volume - 110,971.906

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 105664703

Overall Average: 32% - Sell

-- Price --- Support --- Pivot Point --- Resistance

94.9600 -- 93.1507 --- 95.2267 ----- 97.3027

I see Mr Tosser has been insulting all and sundry once again .

If you wind him up you deserve what you get.

If you put half as much energy into shares as you do insulting him then you might actually make some money.

I scrape by.

pot calling kettle black with dealer as he is masters arselicker and is bereft of thinking without masters input

dil...........i predict most shares to be on the move tomorrow, lol

        TAKING the PISS

re - marni - 07 Oct 2009 01:02


The poor beach could not sleep last night
the husband did not turn up after midnight

he was spending time with someone
naturally less nastier than herself

Is that you when vog fall 20% mr tosser or do you use stop losses ?

        TAKING the PISS

re - VOG fall 20% stop loss

A C#nt a "sheep shagger" and on top " Dil " is a LIER

VOG 5.90p + 0.30p

Yep that really must be you with your head in the sand , vog fell near enough 30% from its late August high to early September low and nearly 20% from last weeks high to this weeks low.

Do you use a stop loss or are you still in Jessops , Meldex etc ?

Just saying something is going to move is hardly rocket science now is it !

can someone not complain to regulator of this site as i find master language totally RACIST AND DISTURBING..........i dont mind some banter as i do it myself but his comments are disgraceful

you should go on advfn for worse stuff

IF you STOP your nonesence and LYING then everyone will be happy, you started so you know what to do now.

You two just a pair of Lying B#stards on the loose, that when goes against it, you CAN NOT TAKE the HEAT.

Could you be specific as to what I have lied about mr tosser ?