Lloyds Banking Group Plc (LYG): 1) The latest earnings release contained...

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Ripcord01

Re: lashman post# 315

Thursday, 11/07/2013 4:16:03 AM

Thursday, November 07, 2013 4:16:03 AM

1) The latest earnings release contained extra PPI related charges that were not expected.

2) Those wanting to hear more about a dividend were let down.

3) The stock has run quit a bit here in the US exchange and the stock has not performed well on the London Exchange. Basically, there is a huge disconnect in price per share. The stock being sold on the London exchange (LLOY) has been upgraded to buy.

Basically, there is a small pull back going on. I see this as healthy.

The stock might pull back further but there has been no news to indicate the company is in trouble.

This is basically the Bank of America of the UK right now. Basically it has the same level of sentiment running against it. However, it is well capitalized and the housing market in the UK is in a small boom.

I was suprised to see how far LYG has run so far in the past year and a half.