RE: Price22 May 2020 07:45
As investors in a Bank we need to understand the macro economic picture here and shoot we are predominantly UK centric, of course UKPLC is still global. No one has any certainty as to how long and how deep a global recession will last. Most people also fail to understand that more companies collapse as we leave a recession than as we enter because of over trading and lack of capitilsation. The Bank's are in the eye of the storm and there are expectations that they are all things to all men. Again people sometimes forget just how regulated Bank's are and ultimately when the fca pra and BoE give direction Bank,a have little option other than to comply.
I have never read contrite language used in a Bank chairman's speech such was used yesterday. Almost a plea to shareholders it felt to me. There certainly appears to be the right intent but the extent of any future 'making you'd is out of their direct control in my view.
As investors you can only make decisions based on your circumstances and best guesstimate of future economic events. As a shareholder for over 35 years I have seen so much with Lloyds and if I had been told in the 90,a what the 00,a would bring I would have thought them mad. Age And experience have made me far more wary these days. I fear this is going to take longer than we would hope to return to any sentence of economic stability.