So what you sayig Jimiley? Lloyds has been one of my best performing shares buy sell buy sell buy sell.... There are plenty of other stocks that have crashed to much lower levels especially mining and oilies....and some retail.
This share is more than 25% LESS than pre Brexit. Most other shares are worth MORE than pre Brexit. Lloyders still mumble on about buying more. It is probably one of the worst performing ftse100 stocks over the last few years. Some people live in a parallel universe claiming it is a good stock. The last time this was a good pick, man had not invented fire.
Interesting mick... so the headlines are a bit misleading as they are suggesting its purely oil price. Might explain why Exxon , while still have massive drops in profits is still making a profit. However the long term price of oil seems to be heading south for the time being. One so called expert on Doomberg thought back to $30 again.... Does not quite tally up with record highs on s&p, as they used to be quite well linked, but i guess the days of zero interest has stopped that.
Barclays may have gone up 8% in one day but not sure if it'll continue to excel in the coming weeks?. In comparison Lloyds should slowly rise in the upcoming weeks.
Cost cutting initiative will continue to support profit in late 2017 and onwards. £400m increase just from the store closures and job cuts - £100m decrease from interest rates (going down in the next few months) and £ cost of closing down. Still left with probably around £200m cost savings.
Capital Tier 1 - 13% is solid (13.5% with divi), could be around 14% at the end of 2017?
The losses are mostly massive write offs from cancelled/delayed projects or from assets sold below book value. The large oil companies are not solely dependent on the price of oil. Massive profits come from refineries. Producing all the basic oil based chemicals used by industry. Plastics, polymers and other chemicals. + fuel of course. Cheers
All seems to be happening now at the 11th hour...The top US financial houses coming up with the idea to bail out M.P.S and due to EU bailout rules ECB has been forced to steer clear. How honest will the stress tests be? and the banks know already what the results are hence this 11th hour bail out. Also why release at 9pm? so markets dont panic or so people can lick their wounds over the weekend?
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