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Seany

More like 50p than 60p before the end of March if market conditions allow, analysts are already cutting earnings forecasts for UK banks 7-12% for 2024 as fierce mortgage lending competition is set to hit margins further and ultimately bottom - line profits.

Makes good sense for Lloyds to consolidate the SW business model while market conditions are favourable and sell a tranche of the assets which will allow SW to focus on core areas like workplace and individual pensions.

Darth

Fundamentals are all pointing in the right direction, unfortunately at present for some reason the market is still saying no.

Livestock & Brixton

I may disagree with his politics, but i will certainly raise a glass to his Wetherspoons january sale....... for us poor northerners Sharp's Doom Bar cask ale £1.99 a pint.

A couple of Howlers here, maybe worth taking a second look at, both have seen steep share price declines during 2023.

Wealth Manager and former Lloyds stablemate St James Place and miner Anglo American could be good recovery plays or takeover targets in 2024.

Congratulations " Petanqueplayer " a no - nonsense poster who tells it like it is.

If the Geopolitical landscape and the UK economy allows, Lloyds share price level may still achieve 50p+ in the run-up to February's full - year reporting results.

LTI

UK stocks are cheap for a reason check out my 29th Dec Post 15:02.

Government fiscal policies and Regulators are killing the London based equity market. UK equities will continue to underform well below book value or even delist from the market until Regulatory and Governance burden on Public quoted companies is eased further or completely lifted altogether.

The UK equity market continues to shrink with a whole raft of FTSE 100 companies now trading well below their book value, survey after survey of Global Fund Managers and Pension Funds consistently shows the UK as the least favoured of developed markets for investment despite its cheapness.

Remains a tough nut to crack UK banking sector 2023 full year earnings are expected to be in line with analyst forecasts, Global inflation and the UK cost of living crisis will remain one of the biggest issues facing UK bank profitability levels in 2024.

Meanwhile the World watches on in ignorance, as Israel continues to carry out mass genocide and starvation of the civilian population of Gaza in an ill - conceived attempt to expand and redraw the map of the Jewish state in The Middle East.

Time now to look beyond Santa...... all eyes firmly fixed on 2024.

What lies ahead for the UK economy ?

UK banks in general are currently on a sound financial footing despite low investor confidence and pitiful growth in income levels, looking ahead to 2024 expect another bumper share buyback by the sector, banks will also have to clearly demonstrate their ability to generate new streams of income and manage operating costs more efficiently if they want to fully restore investor confidence and a forward sustainable increase in sector share prices.

For what it's worth, latest gossip from the City suggests Tesco advised by Goldman Sachs are in advanced talks with Barclays to buy Tesco Banks credit card and saving account products.

Eightyeight

Undoubtedly trader's will be looking to take the recent short - terms off the table in the run up to the christmas break, looking ahead to 2024 agree, 50p + is not an unreasonable share price target despite nagging concerns for the market will continue to persist over the conflict in Ukraine which now appears to be decidedly in Putins favour.

Euphoric trading session today across the index with marked share price gains particularly for highly leveraged companies.

Where next for Lloyds, is 50P still a big ask for the share price ?

Still a huge threat of inflationary pressure from energy prices lurking out there for the economy, nevertheless I believe UK interest rates have now peaked and will be on a downward trajectory in spring 2024.

Eightyeight

Markets are slowly but surely pricing in a cut to the Vodafone unsubstainable dividend payout level or cancelling it altogether for a couple of years to shore up company balance sheet and pay down their huge debt pile, not all bad news by any means, by taking this action the share price and confidence in the sustainability of the company will swiftly recover once the cut has been made.

I much more prefer Morgan Stanley's prediction, BoE will start cutting UK interest rates in Spring 2024 with rates eventually falling to 4.25% by the end of the year.

Turnpan

A share price level of 50P will be a hard nut to crack in the current economic and political climate, nevertheless Lloyds 2024 forward looking earnings should continue to remain resilient maintaining robust and strong liquidity positions throughout the banking group.

Livestock

Puka set of results by the bank, underlying profits up 25.4%, loan impairments remaining significantly below sector average all achieved on the back of a strong business model and sound management team. Considering Paragon Bank is only a tiny fraction in size compared to Lloyds it's quite remarkable they will return almost £1Bn pounds to shareholders via share buybacks and dividends for the current financial year.

Momentum direction indicators appear to be in positive mode for Lloyds and the market in general.......long may it continue.