Lloyds Banking Group Plc (LYG)

[Ripcord01]

This stock is bouncing in a pretty tight range currently. It will pop a bit on a dividend announcement or will drop on a delay in the dividend at this point.

I am long term bullish on this company and stock. The company is not going under. It is just getting through the financial market drama.

The PPI issues are known. There may be a few more lawsuits but that should already be in the expectations on what is going on in the stock.

IF you are looking to get into this stock I would look for any signs of weakness that take this stock to $5.40 level. But I would hold some dry powder to buy more on the news of a dividend or a delay of a dividend.

I think this is a good stock to buy and hold for the foreseeable future. (5-10 years)