Lloyds cumulative PPI provisions and spend

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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