RE: Lloyds Bank fined $81 million11 Jun 2020 15:02
Hello all,
I don't post too often, I think the last time was to agree with Stuart just prior to Barclays launching on an upward trajectory (I'd already cashed in @ 95p) and get towards sensible, relative levels.
From my research (as a long time, but very amateur investor; results not too bad ) I can only conclude that Lloyds seem to be far better positioned than Barclays and many other financial institutions to both ride the current tidal wave and once the tide does start turning (sorry can't predict that one!) be extremely well geared to stabilise and recover fairly well.
I'm not quite as bullish as Stuart regarding future target price predictions of £1 plus; but 50 - 60p seems a more than fair estimate and actual reflection of even the current business profile.
At current levels, immediate market reactions to all related news (good, bad & indifferent) are going to make it a bumpy ride in the short to medium term.
Good luck!