RE: Lloyds share price26 Oct 2024 15:39
Seany123
Today 09:12
Posts: 1,486
Price: 57.66
I think is was an element of the court ruling, budget fears and panic profit taking.
Compensation to the inept miss sold - 450m already in reserve, FY24 results say another ÂĢ450 reserve, preliminary finding May 2025, HY25 FCA clarity in place, possible another small reserve, potential claims will take a long time to be identified and paid out.
This is easy manageable for Lloyds with the capital generation is produces!! So there ð