RE: HSBC raises key profitability goal after earnings beat, shares climb1 Aug 2022 09:15
So, let's stick to the basics. Half year profits were down on 2021 levels because of losses set aside for loan defaults. But the dividend is up 20% on last year and the shares yield nearly 5%. Full year profits are expected to be around £6.6 billion but could be revised higher. Lloyds is also one of the cheapest of the big four banks with the price to earnings ratio of around 7.5.
The complete arrogance of some regular posters on here totally dismissing last week's positive news and saying this would drop to 40/42p for a 'friday sell off' looks laughable, but they often have their reasons, right? Cretins