Lloyds Shocks As Payment-Protection Insurance Nears £10bn – ValueWalk Premium
Lloyds cumulative PPI provisions and spend
07Feb

Lloyds Shocks As Payment-Protection Insurance Nears £10bn

Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) gets a Hold rating from Investec analyst Ian Gordon despite the bank reporting a fourth consecutive year of negative earnings.

Ian Gordon of Investec in the recent report titled “No earnings = no dividends. Paradise lost or just postponed?” however retains Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY) target price at 85p and prefers Lloyds to Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS).
Lloyds dragged by PPI charge

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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